click here to download as a word doc.

 

You will send this to the seller once they agree to an offer over the phone.  Put the date in that you are sending this and put your name as purchaser and your address and your name under the subject to clause.

 

Offer to Purchase Note and Deed of Trust, Mortgage or Real Estate Contract

 

THIS OFFER TO PURCHASE, is made on September 07/04

by and between Jim Stuterman, the undersigned (Seller) and ,Mike Wood(Purchaser), and/or

his successors and assigns, whose address is put your address here.

 

This offer is subject to and contingent upon Mike Wood’s (Purchaser), and/or its investor’s inspection and approval of the property and all documents including, but not limited to, credit, appraisal and title work.  The FICO credit score of the payor on the below referenced Promissory Note is represented to be a minimum of 630.  The appraisal value of the property that secures the below referenced Promissory Note is represented to be a minimum of $150,000_.

 

Seller agrees to sell and convey to Purchaser, and Purchaser agrees to buy, upon the terms and conditions set herein, the Promissory Note secured by that certain  (Trust Deed, Mortgage, Real Estate Contract) , wherein the payor owes a current principal balance of approximately $112,082.23, carrying interest on the principal balance at the rate of 9% per annum, and requiring a monthly principal and interest payment of $925.32.

 

The agreed purchase price is $102,719.54, based upon the principle balance due at the time of the purchase, provided there are no underlying problems.  At this time the principle balance due is approximately $112,082.23. This purchase includes the next monthly payment that is due on November 01/04.  Seller may remit said payment to purchaser or have the amount of said payment deducted from the purchase price.  If the contract has to be renegotiated a verbal commitment from the seller will be binding.

 

A faxed copy of this document is deemed binding upon both parties.

 

The subject property is located in the city and state of Albuquerque, New Mexico and is legally described as follows:

Property Address  121 General Arnold NE.

 

City Albuquerque, State New Mexico

 

ADDITIONAL LEGAL DESCRIPTION TO BE PROVIDED AND VERIFIED BEFORE CLOSING

 

Seller warrants that there are no prior liens or encumbrances on the property subject to the Instrument except as stated below:

 

 

All normal closing costs will be the responsibility of the Buyer, including but not limited to:

 

 

By ­­___________________________            Date:_10/07/04

     (Purchaser)

 

Accepted:

 

____________________________________________                              Date:_________________________

(Seller)

 

Accepted:

 

____________________________________________                              Date:_________________________

(Seller)