Easily Replace Surname Field to the Real Estate Sales Contract

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How to Replace Surname Field to the Real Estate Sales Contract

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[Music] todays video podcast is to address how to make a name change on a contract i have received this question several times but the answer depends on what is really needed a name change of the original buyer or a change out of the original buyer when an individual is asking about a name change only like in the case of a marriage or divorce then the title company can prepare a name affidavit having that person signed stating that they are one in the same person just a different name when its a buyer be sure that the lender if any also knows about the name change if the name change is due to a change in marital status it may affect how the loan is under written please note when a name change occurs the id used at closing must match the new name the notary must use the name shown on the id so please remind your client to update their state issued id or passport before closing if the name change is not just a change of name of the current buyer but rather a change of buyers then an as

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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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What is the as is clause?

A valid as is clause prevents a buyer from holding a seller liable if the property is worth less than the price paid. When a buyer agrees to an as is clause, the buyer assumes the risk on his own. He agrees to take on the risk in determining the value of the property.

What is an as is clause in a purchase and sale agreement relieves?

The term as-is is regularly used in a purchase and sale agreement to indicate that the seller makes no warranties or representations about the propertys condition. It is intended to relieve the seller from liability for failing to disclose a material defect in the property that is not known to the buyer.

Can a seller change their mind after accepting an offer?

Can a seller pull out after accepting an offer? If there is an available contingency in the contract, the buyer cant secure funding, or there is fraud on the part of the buyer, the seller may usually cancel the contract. You may also cancel the sale during the attorney review period.

How do I change the name on my property deed in California?

Step 1: Locate the Current Deed for the Property. Step 2: Determine What Type of Deed to Fill Out for Your Situation. Step 3: Determine How New Owners Will Take Title. Step 4: Fill Out the New Deed (Do Not Sign) Step 5: Grantor(s) Sign in Front of a Notary. Step 6: Fill Out the Preliminary Change of Ownership Report (PCOR)

What should be included in a purchase agreement?

At its most basic, a purchase agreement should include the following: Name and contact information for buyer and seller. The address of the property being sold. The price to be paid for the property. The date of transfer. Disclosures. Contingencies. Signatures.

What is the use of an as is clause in a purchase agreement?

The purpose of an as is clause is to force the buyer to rely upon its own investigation, rather than upon the sellers representations, in determining whether or not to purchase the property.

What does convey as is mean in real estate?

The term as-is in a real estate listing indicates that the buyer must be willing to accept the home exactly as it currently is, foregoing any opportunity to request that the seller make repairs or offer credits for problems with the property.

What does it mean when you sell something as is?

As is denotes that the seller is selling, and the buyer is buying an item in whatever condition it presently exists, and that the buyer is accepting the item with all faults, whether or not immediately apparent.

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