This form is used by an agent when negotiating the sale of property encumbered with mortgage balances in excess of the purchase price and the purchase agreement form used does not provide for lender approval of a discounted payoff, to prepare as an addendum a boilerplate short payoff further-approval contingency provision.
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- GN California boasts that it has more than enough money to support it's millions of illegals. Just where does ALL this money come from? – California’s Prop 13 is broken
- Wm Matz One minor problem with this article. Two weeks ago the Fed rates its rates 1/4%. Over the last two weeks mortgage rates FELL 3/8%. Same... – Survey says: Rising mortgage rates to impact home prices
- Wm Matz It was published in the Santa Rosa Press Democrat. And as I said, the misallocation was confirmed by a local principal. sorry if it conflicts... – California’s Prop 13 is broken
- William Ashby Back in the "day". Fred and I both taught contuing ed classes in CA! He's a great guy! – Legislative Gossip
- Brent Silberbauer Thank you for not hating on the Trump administration. That was refreshing. – Survey says: Rising mortgage rates to impact home prices
- Bill Gillis Are electronic signatures by the Broker allowed on trust account checks? – Electronic documents and signatures in real estate transactions
- l horner In the late 70's or early 80's CAR got sued on anti-trust grounds and monopolizing the MLS services -- the result was (and it's still... – CAR is “dangerously close” to having a monopoly on real estate forms, counters PDFfiller
- L HORNER Raise taxes on the business, the business raises prices to the consumer. It's always been that way and always will be. – California’s Prop 13 is broken
- L HORNER It's not a case of not enough tax revenue, it's a case of not controlling spending. When prop 13 passed, the news leaked out about... – California’s Prop 13 is broken
[M]ost people join CAR in order to obtain the forms, not for the other services. And if there were any viable choices for agents, CAR would immediately suffer as much as a 40% to 50% loss in membership. […] CAR owns the “for profit” company that produces their software, with top officers in CAR sitting in top management spots in ZipLogix. This is the living, breathing definition of a conflict of interest. […] On their website they parade their forms software as “free” when cost of their forms software for non-members as a percentage of their actual membership cost speaks for itself.
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