Verbiage for Purchasing Agreement

[Brian Fazekas]

Hey BP.

I found a house, done the due diligence and now need to write up my offer.  The seller and I have already agreed on the price, but here is where it gets sticky.  He is several years into a land contract, but he is willing to take less than what he owes.  He already stated the land contract owner (note holder) has already agreed upon a price and will let him out of this contract.  

What should I write in the purchase agreement?  I would like proof that the note holder has agreed on the price so we don't waste time.  Any thoughts would be awesome.  

It's also my assumption that I would write the agreement up with the actual owner (recorded in the court house) and not the note holder.

Thanks so much for your insight!