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Payson Utah Short Sale

Payson Utah Short Sale for Sale

Sold Payson Utah Short Sale

If you are buying a Payson Utah Short Sale or any other city in Utah County you will need to make the following acknowledgement of a short sale in writing with your Payson, Utah Realtor. This is part of the paperwork when buying a short sale in Payson UT. Search Payson Utah Short Sale

Acknowledgment of Payson Utah Short Sale

This transaction is commonly referred to as a “Short Sale” because the Purchase Price for the Property is less, or “short”, of the amount(s) owed to individuals/entities that have a financial interest in the Property (the “Third Parties”). Under the terms of the REPC, the Third Parties are being requested to accept less than what is owed to them. Therefore, the REPC is subject to Third Party Approval as defined in Section 2 below. For purposes of this Addendum, the Third Parties may include, without limitation; institutional lenders, mortgage insurers, bankruptcy trustees, federal, state and local tax authorities, and private parties.

Third Party Approval to Purchase a Payson Utah Short Sale

Buyer and Seller agree that their respective obligations under the REPC are conditioned upon Third Party Approval as defined in this Section.  Obligations of Seller to Third Parties.  Third Party Approval means that Seller has reached a written agreement with the Third Parties regarding any conditions of approval required by the Third Parties for a Short Sale payoff, including, but not limited to, any deficiency rights against Seller, any requirements for a promissory note from Seller to the Third Parties, or any other Short Sale payoff criteria that represent a continuing obligation against Seller; and Agreement to Terms & Conditions of REPC.  Third Party Approval also means that Seller, Buyer, and the Third Parties have reached an agreement regarding the terms and conditions for the purchase and sale of the Property. Such agreement may be either of the following:

(a) Seller has received from the applicable Third Parties, written approval of the terms and conditions contained in the REPC as originally submitted to the Third Parties; or

(b) Buyer and Seller have agreed to other terms and conditions as requested by the Third Parties (“Third Party Modifications”) on a separate addendum to the REPC. The Third Party Modifications shall not be binding on Buyer or Seller without their mutual written consent, which consent may be withheld by Buyer and/or Seller in their sole discretion.
 

MLS #:  833068   Tour/Open:   Tour /
payson utah short sale
List Price:  $239,900 Status:  Sold
Short Sale:  YES / Price previously approved by 3rd party
CDom:  650 List Dt:  09/12/2008
Dom:  345    
CtDom:  14 Ctr Dt:  09/17/2009
Sold Price:  $225,000 Sld Dt:  10/01/2009
Concessions  $0 Sld Trms:  Conventional
Address:  
NS/EW:    Area:  507
City:  Payson,   UT 84651
County:  Utah Restrict:  No
Proj/Subdv:  SADDLEBROOK
Zoning:  RES HOA Fee:  $0
           
           
School Dist:  Nebo Elem Schl:   Wilson Jr High:  Payson Jr
Sr High:  Payson Priv Schl:   Other Schl:  
Lvl Approx
Sq Ft
Bed
Rms
Bath Fam/
Den
Dining Laun
dry
Fire
Plc
F T H K B F S
4
3
2
1
B
0
0
881
1,555
1,358
0
0
2
2
0
0
0
1
2
0
0
0
0
0
0
0
0
0
0
0
 
 
 
 Y
 
 
 
 
 
 
 
 
 
 Y
 
 
 
 
 
 
 
 
 
 Y
 
 
 
 
 Y
 
 0
 0
 0
 1
 0
Tot 3,794 4 3 0 0 1 0 1 0 1 1 1
Type: Single Family
Style: Rambler/Ranch
Yr Built:
Deck|Pat:
Garage:
Carport:
Prkg Sp:
Fin Bsmt:
 2008
 0 | 1
 2
 0
 0
 0 %
Under Const:
Acres:
Frontage:
Side:
Back:
Irregular:
No
 0.14
 0
 0
 0
 Yes
Roof:  Asphalt Shingle Basement:  Full
Heating:  Forced Air, Gas Central Garage/Park:  Built In, Opener
Floor Cov:  Carpet, Tile Water:  Culinary, Irrigation,Pressure
Window Cov:   Sewer:  Connected, Public
Exterior:  Stone, Stucco
Lot Facts:  Cul-de-Sac, Curb & Gutter, Fenced Full, Paved Road, Sprinkler - Auto-Part, Terrain,Flat, Terrain, Grad Slope, View, Mtn
Exterior Feat:  Bay/Box Windows, Double Pane, Patio
Interior Feat:  Den/Office, Dishwasher, Disposal, Gas Log, Jetted Tub, Master Bath, Range Oven Free Std., Vaulted Ceilings
Amenities:  Cable TV avail, Electric Dryer Hookup
Inclusions:  Ceiling Fan, Microwave, Range, Range Hood, Refrigerator
Terms:  FHA, Conventional, VA, Cash
Remarks:  SEE 50+ photos click tour * brand new home in cul-de-sac, solid surface countertops, knotty alder cabinets, jet tub, main floor laundry, gas fireplace, fully fenced yard, 2 huge bedrooms upstairs * SHORT SALE with LOCAL BANK


Information About Payson Utah

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