DIY Legal Forms

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Purchase Bid Secure Financing Amendment

The following shall be considered a legally binding amendment to the agreement made between [Name] of [Address], and [Name] of [Address], dated [Date], for the sale of [Enumerate].

This bid is made on the condition that if the proposed offer is accepted purchaser shall acquire a loan secured by a deed of trust or mortgage on the subject property, with the following terms: [Enumerate].

[Specify the Terms] per year, monthly payments not to exceed [$------], including interest, and loan brokerage or discount not to exceed [--%] percentage points).

In the event that a loan for the described terms cannot be arranged by purchaser within [--] days after the bid acceptance, then the conveyance terms of the property shall be null and void and the earnest deposit made by purchaser [Name] shall be returned in full to purchaser or dispersed among seller and sellers broker in terms agreeable to both parties.

Dated:

Signature

[Name], First Party

Signature

[Name], Second Party

Witnessed by:

This Section for Notary:

Acknowledgment

STATE OF -------)

) ss: [date]

COUNTY OF ------)

On [Date] before me, [Name of Notary], notary, personally appeared [Name of Person(s) Involved], personally known to me (or proved to me on the basis of satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.

Witness my hand and official seal.

[signature]

[Name of Notary Public]

My commission expires: [date]

(Seal)