USA mortgage lenders, sell your interest in a Deed of Trust and underlying promissory note to a buyer with this
Purchase Agreement for Note and Deed of Trust.
- The buyer agrees to purchase the interest without recourse as to the borrower's future financial performance.
- The seller is entitled to keep any payments received until the agreement becomes effective, and any such payments will be deducted from the purchase price.
- The agreement is conditional upon the buyer obtaining adequate funds to finance the purchase.
- If the seller cancels the agreement prior to closing, the seller must pay a cancellation fee, plus any costs incurred by the buyer.
- The seller indemnifies the buyer against any liability or expense arising from any inaccuracy or breach of any warranty or representation made by the seller.
- The parties acknowledge that the buyer has no fiduciary obligation to the seller and is acting as an independent investor.
This
USA Purchase Agreement for Note and Deed of Trust is in MS Word format and is fully editable to meet your requirements.
