Purchase & Sales Agreement Gary A. Coffin - MBBA-NH

Transcription

Principles of Mortgage Banking – Purchase & Sales AgreementPurchase & Sales AgreementGary A. CoffinDirector of Client EducationMarket Street Settlement Group, LLCgary.coffin@trgc.com1Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementJanuary 15 20132Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementPrior Agreement:April 2015 Agreement:3Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales Agreement3rdand Mary O. Johnson126 Lake View LaneManchesterSkip D. Simon and Elizabeth C. SimonJanuary13James F. JohnsonN.H.0310312 Oakwood LanePleasant ValleyTexasManchester, N.H.Hillsborough22158126 Lake View Lane539823410/23/20124Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementPrior AgreementTwo Hundred Thousand and 00/100200,000.00CheckManchester RealtyXSeller51,000.001,000.00Lender commitment for financing.198,000.00New AgreementTwo Hundred Thousand and 00/100Check200,000.00Manchester Realty5X1,000.001,000.00Lender commitment for financing.198,000.005Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementWarrantyFebruary 14, 2013Title Company or Law Firm TBDSeller shall have the right to remainIn the property rent free until June 30, 2013.246Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementJason O’KeefeRose SmithManchester RealtyUSA HomesXX7Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementJune 30, 2013.Wolf 4 burner gas stove and oven, Maytag refrigerator, Maytag,Dishwasher and all furniture in den, bedrooms, & great room as seen at buyer’s inspection on 1/3/2013.8Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales Agreement 9Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales Agreement 1010101010 1010Prior Agreement:April 2015 Agreement:10Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementPrior Agreement:11Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementApril 2015 Agreement:12Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementPrior Agreement:April 2015 Agreement:13Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales Agreement 1014Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales Agreement 180,000.00 307.75Conventional15Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales Agreement5February 4, 201316Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementBEWARE17Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementSeller agrees to pay up to 5,500.00 of buyer closing costs and pre-paids.Buyer and seller hereby agree that the transfer of title date of February 14, 2013 is to be considered“time is of the essence”. 18Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales Agreement19Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementWritten to give the SELLER maximum protection.Overrides the provisions in the NHAR Agreement.Who pay’s what? Tax Stamps, closing fees.Read in detail definition of what seller will pay onbehalf of buyer.Typically Provides for a Quitclaim Deed.Beware of missed closing date penalties.Will require “Arms Length Transaction” Affidavit.Typically “As Is”.20Proprietary information, do not distribute or usewithout permission of MBBA-NH.

Principles of Mortgage Banking – Purchase & Sales AgreementQuestionsPlease complete module evaluationGary A. CoffinDirector of Client EducationMarket Street Settlement Group, LLCgary.coffin@trgc.com21Proprietary information, do not distribute or usewithout permission of MBBA-NH.

12 Oakwood Lane Pleasant Valley Texas 22158 . Warranty February 14, 2013 Title Company or Law Firm TBD Seller shall have the right to remain . Rose Smith USA Homes X 7 Principles of Mortgage Banking -Purchase & Sales Agreement. June 30, 2013. Wolf 4 burner gas stove and oven, Maytag refrigerator, Maytag, .