The sellers have accepted an offer in which they agreed to carry a second trust deed. What contract should be provided to the seller to be sure all the required information is available to them to enter into this type of agreement?

Question

Quizplus · Accepted Answer

The Seller Financing Addendum and Disclosure Statement is the appropriate contract to provide to the seller when they have agreed to carry a second trust deed. This statement outlines the terms of the financing agreement, including the interest rate, payment schedule, and other important details. It also includes a disclosure of the risks involved with this type of financing for both the seller and the buyer.

The Sellers Have Accepted an Offer in Which They Agreed