Seller's Disclosure of Financing Terms for Residential Property in connection with Contract or Agreement for Deed a/k/a Land Contract - Missouri 2026

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by entering the property address where indicated. This is essential for identifying the specific property involved in the transaction.
  3. Fill in the purchase price of the property. This amount should reflect what has been agreed upon between the seller and purchaser.
  4. Next, specify the interest rate charged under the contract. If this rate is variable, be sure to indicate that clearly.
  5. Provide an estimate of the total dollar amount of interest charged over the term of the contract, especially if applicable.
  6. Indicate the total amount of principal and interest that will be paid under the contract. This gives a clear picture of financial obligations.
  7. If there are any late charges, specify those amounts as well to ensure transparency regarding potential fees.
  8. Finally, confirm that no prepayment penalty will be charged if the purchaser decides to pay off the contract early.
  9. Complete all signature fields at the bottom, ensuring both seller and purchaser sign and print their names along with dates.

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Seller financing is commonly referred to as a seller carry-back note, seller carry-back financing, or just seller financing. Seller financing can be in the form of a promissory note secured by either a deed of trust or a mortgage, or it can be in the form of a contract for deed or land contract.
Can the sellers agent or real estate broker complete the Property Condition Disclosure Statement? No. The seller is required to complete the PCDS based on the sellers actual knowledge.
A seller financing addendum defines the terms for how a seller finances a buyers real estate purchase. It is added to the original purchase agreement to establish details such as the type of financing (e.g., balloon mortgage, adjustable rate mortgage, amortized loan), interest rate, and other relevant terms.

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