Indiana Residential Purchase Agreement Form 2024

Indiana Residential Purchase Agreement 2024 Form: What You Should Know

Purchase Agreement. Buyer and Seller agree that any Contract Terms and Conditions contained in these Terms and Conditions are set forth by these are hereby incorporated herein by reference and, without limitation, each Contract shall be limited to the extent necessary to expressly state its own terms, the Buyer's and Seller's mutual obligations, and the purpose for which this is a purchase. Buyer; Seller: Each contracting individual shall be a resident of the state of Indiana, have, and have had real estate brokerage and/or loan experience as of ____ (the date the purchase agreement is executed), and be qualified and experienced to perform his or her assigned activities in connection with the purchase of this subject realty. Each purchaser shall be the legal holder of title to an interest in this title subject to all legal rights of the state in the title. For purposes of this purchase agreement: (a) a term “this subject realty” shall mean that realty or the property described on the title, subject to its condition, title fee due, and all other liens on the property (including but not limited to mortgages, liens on third party security interests, and liens on land records); (b) the term “buyer” shall mean a natural person who, at the date of such transaction, has actual legal title to an interest in the realty sold to Buyer; (c) the term “seller” shall mean a natural person who, at the date of such transaction, actually has and is qualified and experienced in performing the assignment activities described herein, and who has legal title to ownership of the realty at such date, and who (unless otherwise expressly exempted) does not have an interest in the interests of Buyer in any manner except for the purpose of the assignment of such interest; (d) Buyer shall be authorized to make a loan application (Form I-3) that is not considered by the Department of Business Regulation if and to the extent such application provides an indication that the applicant is a buyer and (i) the application is obtained after August 15, 2017, and (ii) such application is submitted by the Applicant within thirty days of completing an application for a mortgage loan (Form I-1M) filed by the applicant.

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