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Get the free Home Steps Addendum #1 to Contract of Sale Non Ca Form

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HomeSteps File Number: ___HOMESTEPS ADDENDUM #1 TO CONTRACT OF SALE (California SingleFamily Real Estate Disposition) For purpose of this addendum (Addendum) the Seller is: Federal Home Loan Mortgage
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How to fill out home steps addendum 1

01
Obtain the Home Steps Addendum 1 form from your real estate agent or online.
02
Read the instructions carefully to understand the requirements and implications.
03
Fill in the property address at the top of the form.
04
Provide details about the buyer's financial qualifications, including any necessary documentation.
05
Specify the intended use of the property (primary residence, investment, etc.).
06
Include any additional disclosures or certifications required by your lender.
07
Sign and date the form, ensuring all parties have agreed to the terms outlined.
08
Submit the completed form to your real estate agent or lender as part of your mortgage application process.

Who needs home steps addendum 1?

01
Homebuyers seeking to purchase a property through the HomeSteps program.
02
Real estate agents representing buyers in the HomeSteps program.
03
Investors interested in purchasing foreclosed properties from Freddie Mac.
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Home Steps Addendum 1 is a supplementary document used in the real estate process, often associated with lending or loan applications, to provide additional information or clarifications regarding the financing or condition of a home.
Typically, the borrower or the buyer involved in a real estate transaction is required to file Home Steps Addendum 1 as part of their application process.
To fill out Home Steps Addendum 1, the applicant should provide necessary details such as personal information, property information, and specific terms related to their financing options. It is important to follow the instructions provided on the form carefully.
The purpose of Home Steps Addendum 1 is to ensure that all relevant information is disclosed and documented, which helps lenders assess the loan application more effectively and ensures compliance with legal requirements.
Information that must be reported on Home Steps Addendum 1 includes borrower details, income information, loan terms, property details, and any additional information relevant to the home purchase and financing.
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