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
/ |
 |
| 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 |
