HCCS Third Party Financing Addendum Case Study Analysis

Description

Having Trouble Meeting Your Deadline?

Get your assignment on HCCS Third Party Financing Addendum Case Study Analysis  completed on time. avoid delay and – ORDER NOW

CASE STUDY #1: CONVENTIONAL NEW LOAN – fill in the first twelve paragraphs.

https://www.trec.texas.gov/sites/default/files/pdf-forms/20-15_3.pdf (Links to an external site.)

Use Google Chrome and print to .pdf before saving.

You need to study pages 416 – 428 for a sample contract that will help you with this case.

You are only allowed one attempt at each of the two cases.

I count off for capitalization errors.

Saving a PDF File

  1. Open the PDF file.
  2. Fill in/complete the all of the fields within the form.
  3. After completing your assignment, select the Print icon.
  4. Make sure the Destination reads Save as PDF. …
  5. Select the Save icon and save the file. …
  6. You can then submit the PDF file that you saved by selecting it from your files.

SELLER:

Bob Scott Zeller and wife Sarah Ann Wyatt Zeller

1927 Lazy Oaks, Houston, TX 77123, tel 713 497 3411 , zeller@abc.com

BUYER:

Ima Goode Byer, a single person

1000 Desert Drive, Phoenix, AZ, 5531 1, tel 502 465 3512, byer@ abc.com

PROPERTY:

lot 1, block 2 Homewoods, Section 1; 1927 Lazy Oaks, city of Houston, county of Harris, TX

77 123; built 1979.

EXCLUSIONS:

Seller will retain all birdbaths. garden sculptures & ornaments, pots, and potted plants.

SALES PRICE:

$130,000

DOWN PAYMENT: 5%

LTVR: 95%

FINANCING:

15 year conventional loan, fixed rate.

4% fixed origination charges 3%

purchase subject to approval; buyer has 14 days to notify seller of loan non-approval

EARNEST MONEY:

$3000

TITLE CO/SURVEY

The title policy will not be amended.

ABC Title Co., 1234 West Loop South, Houston, TX 77057. Seller pays for title

ins. Buyer pays for survey, due within 7 days after contract. Buyer has 7 days to object to anything in

Paragraph 6. Buyer plans to build a backyard pool. No mandatory HOA.

PROPERTY CONDITION:

Seller gave disclosure before contract. No repairs. Seller will pay $300 for

residential service contract.

CLOSING DATE:

approximately 30 days after execution date.

POSSESSION:

upon closing and funding

SPECIAL PROVISIONS:

(Buyer) requests a response within 48 hours.

Seller, at seller’s expense, shall provide a current CLUE report on the property within 7 days of contract

execution date.

SETTLEMENT EXPENSES:

Seller agrees to pay $1200 of buyer’s expenses.

OPTION:

14 days, $100

personal check, counts toward price.

EXECUTION DATE:

March 15 (current year)

BROKERS:

Listing Co.: Prudential, 3%, agent Diane Murray

Other Co.: 20th Century, 3%, agent John Harrison, a buyer’s agent.

ADDENDUM:

This purchase is contingent upon sale of Buyer’s other property

at 1000 Desert Dr., Phoenix, AZ., by March 31. Buyer gets 3 days to remove contingency, pays additional $500 earnest money.

CLUE=

Comprehensive Loss Underwriting Exchange

Order Solution Now

Similar Posts