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USA Purchase Agreement for Note and Deed of Trust
Mortgage lenders, sell your interest in a Deed of Trust and underlying promissory note with this USA 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.
Download: USA Purchase Agreement for Note and Deed of Trust
Related Forms:
- USA Assignment of Deed of Trust and Note
- USA Partial Assignment of Deed of Trust and Note
- USA Partial Purchase Agreement for Note and Deed of Trust
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