When
you have Seller Cary Back Financing in any amount, you must add to the contract
the standard CAR-SFA Addendum. Note: CAR has added language to the SFA (in
paragraph 2) requiring that the Buyer
also provide to the Seller a completed FNMA “Uniform Residential Loan
Application”. This form must also be filled out in order for the Seller
to be informed as to the Buyers ability to pay. The form is now available on
London Forms. It is always your duty to provide for delivery of documents
required in the contracts. Please
do not forget this one.
Thank
you,
Patrick
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