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Updated over 9 years ago on . Most recent reply presented by

User Stats

62
Posts
7
Votes
Seth C.
  • Investor
  • Monterey, CA
7
Votes |
62
Posts

TREC 20-12 and Flexible Financing

Seth C.
  • Investor
  • Monterey, CA
Posted

I am interested in buying a relatively low cost building and I am not worried about financing, but I am still shopping for mortgages and would like to leave my options open. How can I do that using the 20-12 and still remain credible to the seller? My first step is to include a clause that I will not assign, but I am not sure what to put in Paragraphs 3 and 4 or on a 3rd party financing addendum. 

I was thinking of changing $ figures to percentage ranges, but again credibility is necessary. Should I just present the most likely option and include a clause in Paragraph 11 allowing me to modify financing arrangements?

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