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Owner Finance Contract for deed template Form: What You Should Know

Buyer's Note, Mortgage, and Sale Documents (1) The Seller shall provide the buyer with a “NOTIFICATION of Purchase” that must be delivered or, if delivery is not made by the date specified on the Notice, by the date specified in the letter delivered by the Seller. (2) The note shall meet all the following requirements: (a) It shall bear the title of the seller and the title of the buyer. (b) It shall be accompanied by the seller's signature and a signature of a person authorized to execute such agreement. It shall contain: (i) The length of time during which the buyer will be obligated under the note (ii) The amount of the consideration accepted by the seller. (iii) The full terms and conditions of the agreement. (3) The sale document shall contain the signature or signature of: (a) The seller; (b) The buyer or an agent of the buyer; or (c) The agent designated by the vendor as the seller's agent. (4) The seller shall deliver to the buyer or an agent of the buyer a Notice of Sale, signed by the seller and delivered by the seller promptly in the manner specified. (5) The seller shall deliver to the buyer or an agent of the buyer a contract for deed if he or she has not received the notice of title under paragraph (2) of this Section. (6) The seller shall execute, deliver, and deliver to the buyer the sale document as soon as is reasonably practical, unless the time for the execution of the contract has been suspended in accordance with Section 8-302 of this Act. Sale Contract (7) The contract for deed shall be executed, delivered, and delivered in the manner set forth above. (8) The seller, lessors, and mortgagors may execute the contract of sale in the following manner: The seller, lessors, and mortgagors may execute and deliver the contract of sale in the following manner: 9) The seller shall deliver and deliver, by first-class mail or certified mail, a copy of the contract of sale to the buyer at his or her last known address, at least 35 days prior to the closing of the transaction.

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