The bank is asking for a contract and a net sheet. What are these and what should be in the contract? We owe 42000.00 and have someone that is offering $25000.00. Help!!!
The Offer and Your acceptance should be in writing.. this is basically the contract that your lender is asking for. A net sheet is a breakdown of how proceeds of sale will be disbursed. The bank wants to know exactly how much they will be getting.
If this is imortant to you, get yourself a local, real estateattorney. Let the lawyer draft the contract, handle the money, handle the closing, make sure your mortgage is paid off with the discharge promptly recorded...
The Offer and Your acceptance should be in writing.. this is basically the contract that your lender is asking for. A net sheet is a breakdown of how proceeds of sale will be disbursed. The bank wants to know exactly how much they will be getting.
They are offering 25000.00 cash. What other fees would they pay?
If this is imortant to you, get yourself a local, real estate attorney. Let the lawyer draft the contract, handle the money, handle the closing, make sure your mortgage is paid off with the discharge promptly recorded...