Mortgage Buyout Agreement Template

You can open the Mortgage Buyout Agreement Template in multiple formats, including PDF, Word, and Google Docs.

Sample

Mortgage Buyout Agreement Template

Printable | Editable Form

Mortgage Buyout Agreement Template (1)

Between:
[Name of the Mortgage Holder]
[Mortgage Holder’s ID]
[Mortgage Holder’s Address]
[Mortgage Holder’s Phone]
[Mortgage Holder’s Email]

And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]

Introduction:
This agreement outlines the terms under which the Buyer will purchase the mortgage held by the Mortgage Holder on the property located at [Property Address], dated [Contract Start Date].

Clause 1: Description of Mortgage
The mortgage includes the following details: [Mortgage Amount], [Interest Rate], [Remaining Term], [Monthly Payment].

Clause 2: Purchase Price
The Buyer agrees to pay the Mortgage Holder a total of [Amount] to buy out the mortgage as of [Purchase Date].

Clause 3: Payment Terms
The Buyer will make the payment in the following manner: [Specify payment method, installments, etc.].

Clause 4: Representation and Warranties
The Mortgage Holder represents that they have the full authority to sell the mortgage and that there are no existing liens or claims against it.

Clause 5: Governing Law
This agreement shall be governed by and construed in accordance with the laws of [Jurisdiction].

Clause 6: Signatures
Both parties acknowledge their acceptance of the terms of this agreement by their signatures below.

Signed in [City], [Date].

Sincerely,
[Signature of the Mortgage Holder]
[Name of the Mortgage Holder]
[Signature of the Buyer]
[Name of the Buyer]

Mortgage Buyout Agreement Template (2)

Between:
[Name of the Mortgage Holder]
[Mortgage Holder’s ID]
[Mortgage Holder’s Address]
[Mortgage Holder’s Phone]
[Mortgage Holder’s Email]

And:
[Name of the Buyer]
[Buyer’s ID]
[Buyer’s Address]

Introduction:
This document serves to outline the agreement for the buyout of the mortgage as of [Effective Date] for the property at [Property Address].

Clause 1: Details of the Mortgage
The mortgage subject to this agreement includes: [Loan Amount], [Accrued Interest], [Remaining Payments].

Clause 2: Total Buyout Amount
The total buyout price is established at [Total Amount], which will be paid as specified in Clause 3.

Clause 3: Installment Plan
The Buyer agrees to pay the total amount in installments: [Detail payment schedule and method].

Clause 4: Disclosures
The Mortgage Holder discloses all necessary information related to the mortgage and affirms that there are no outstanding unpaid amounts due.

Clause 5: Applicable Regulations
This agreement is subject to all relevant laws and regulations within [Jurisdiction].

Clause 6: Acceptance
Both parties have read, understood, and agreed to the terms stated in this agreement.

Signed in [City], [Date].

Sincerely,
[Signature of the Mortgage Holder]
[Name of the Mortgage Holder]
[Signature of the Buyer]
[Name of the Buyer]

Template Online

Form

Please complete the form below to create the Mortgage Buyout Agreement Template. All fields must be filled out to ensure a clear and comprehensive agreement. We provide examples to guide you through each step.

Mortgage Buyout Agreement Template

1. Buyer Information

2. Seller Information

3. Property Details

4. Buyout Terms

5. Conditions Precedent

6. Disclosures

7. Indemnity Clause

8. Governing Law

9. Signatures and Acceptance

10. Declaration and Signatures

I declare that the information provided is accurate and truthful.

I accept the terms of the agreement and commit to fulfilling the outlined conditions.

Date:

Buyer’s Signature:

Seller’s Signature:

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Mortgage Buyout Agreement Template

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