The Agreement For Sale Of Mortgaged Property is a crucial legal instrument used in U.S. real estate transactions where the property being sold is subject to an existing mortgage. This document becomes necessary when property owners wish to sell their mortgaged property, requiring careful consideration of both the sale transaction and the existing mortgage obligations. It includes provisions that comply with federal regulations such as the Truth in Lending Act and Real Estate Settlement Procedures Act, as well as state-specific real estate laws. The agreement typically addresses mortgage payoff or assumption arrangements, ensures proper title transfer, and includes necessary disclosures about the property's mortgage status. It protects the interests of sellers, buyers, and mortgage lenders while facilitating a legally compliant property transfer. This document is particularly important in preserving the lender's security interests while enabling the property sale to proceed effectively.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Parties: Identifies and defines all parties to the agreement including seller, buyer, and current mortgagee
2. Background: Outlines the current ownership status, existing mortgage details, and intention to sell the property
3. Definitions: Defines key terms used throughout the agreement including Property, Mortgage, Completion Date, etc.
4. Property Details: Comprehensive description of the property being sold, including legal description and any included fixtures/fittings
5. Purchase Price: States the agreed purchase price and payment terms, including deposits and balance payment structure
6. Existing Mortgage: Details of the current mortgage, outstanding amount, and arrangements for discharge
7. Conditions Precedent: Conditions that must be met before completion, including mortgage lender's consent and title requirements
8. Completion: Details of the completion process, including timing, location, and required actions by each party
9. Seller's Representations and Warranties: Seller's confirmations regarding property title, mortgage status, and authority to sell
10. Buyer's Representations and Warranties: Buyer's confirmations regarding financial capacity and understanding of property condition
11. Title and Transfer: Provisions regarding transfer of title and requirements for clear title delivery
12. Notices: Process and requirements for formal communications between parties
13. Governing Law: Specifies applicable law and jurisdiction
14. Execution: Signature blocks and execution requirements
1. Tenant Rights: Required if the property is currently leased to tenants, addressing their rights and notice requirements
2. Property Management: Used when interim property management arrangements are needed between agreement and completion
3. Mortgage Assumption: Include when buyer is assuming the existing mortgage rather than paying it off
4. Environmental Matters: Required for properties with known environmental issues or in environmentally sensitive areas
5. Development Rights: Include when there are pending or transferable development rights or permits
6. Property Association: Required for properties subject to homeowners or condominium association requirements
7. Short Sale Provisions: Include when sale price is less than outstanding mortgage amount
8. Multiple Mortgages: Required when property has multiple mortgages or liens
1. Property Description Schedule: Detailed legal description of the property and boundary details
2. Fixture and Fittings Schedule: Itemized list of included and excluded fixtures and fittings
3. Existing Mortgage Details: Complete details of current mortgage including payment history and terms
4. Title Documents: List of all relevant title documents and encumbrances
5. Property Condition Report: Current condition assessment and any known defects
6. Outstanding Repairs Schedule: List of agreed repairs to be completed before or after completion
7. Required Consents: List of necessary third-party consents and their status
8. Payment Schedule: Detailed breakdown of payment terms and timing
Relevant legal definitions
Clauses
Relevant Industries
Real Estate
Banking and Financial Services
Mortgage Lending
Legal Services
Property Development
Property Management
Insurance
Construction
Real Estate Investment
Relevant Teams
Legal
Real Estate
Compliance
Risk Management
Property Management
Mortgage Operations
Title and Escrow
Document Management
Contract Administration
Business Development
Relevant Roles
Real Estate Attorney
Property Lawyer
Mortgage Advisor
Real Estate Agent
Property Manager
Title Officer
Escrow Officer
Mortgage Underwriter
Real Estate Broker
Legal Counsel
Contract Manager
Property Developer
Real Estate Investment Manager
Compliance Officer
Risk Manager
Find the exact document you need
Unregistered Agreement Of Sale With Possession
A U.S. legal document facilitating property sale with immediate possession transfer before sale completion.
find out more
Sales And Purchase Agreement Word Document
A U.S.-governed agreement detailing terms and conditions for the sale and purchase of goods or assets between parties.
find out more
Contracts Of Sales And Investments
A U.S.-governed legal agreement combining sales and investment terms, compliant with federal and state securities laws and the UCC.
find out more
Contract Of Sale Document
A U.S.-governed legal agreement documenting the terms and conditions for the sale of goods between a seller and buyer.
find out more
Agreement For Sale And Agreement To Sell
A U.S.-governed contract combining immediate sale terms and future sale commitments, detailing transfer of goods or property between parties.
find out more
Horse Sale Contract With Buy Back
A U.S. contract governing horse sale with provisions for the seller to repurchase under specified conditions.
find out more
Bill Of Sale For Business Assets
A U.S. legal document that transfers ownership of business assets from seller to buyer, detailing the terms and conditions of the sale.
find out more
Registered Agreement For Sale Of Property
A legally binding agreement for real property sale and transfer in the United States, meeting federal and state registration requirements.
find out more
Agreement For Sale And Agreement Of Sale
A U.S. legal document combining an agreement to sell and sale agreement, governing the terms of a sale transaction under U.S. federal and state laws.
find out more
Sales Draw Agreement
A U.S. legal agreement establishing terms for guaranteed payments (draws) against future sales commissions.
find out more
Land Contracts For Sale
A U.S. legal agreement where property is sold through seller financing with installment payments, governed by federal and state real estate laws.
find out more
Horse Sale Contract With Deposit
A U.S. legal agreement for horse sales with deposit arrangements, complying with state equine laws and the UCC.
find out more
Buy Sell Agreement Corporation
A U.S.-governed legal agreement establishing terms and conditions for corporate share transfers and sales between shareholders and the corporation.
find out more
Art Purchase And Sale Agreement
A U.S.-governed contract documenting the terms and conditions for the sale and purchase of artwork, ensuring legal compliance and protection for all parties.
find out more
Agreement For Sale Of Hypothecated Vehicle
A U.S.-compliant agreement governing the sale of a vehicle with an existing lien or hypothecation.
find out more
Simple Contract For Buying A House From Owner
A U.S. legal agreement for direct property sales between owner and buyer without real estate agent involvement.
find out more
Future Receipts Sale Agreement
A U.S.-governed agreement for the sale of future business receipts in exchange for immediate capital, structured as a purchase rather than a loan.
find out more
Employment Agreement After Sale Of Business
A U.S. employment agreement establishing new terms between an acquiring company and transferred employees following a business acquisition.
find out more
Consulting Agreement After Sale Of Business
A U.S.-governed agreement defining consulting services provided by a former business owner to the acquiring company after a business sale.
find out more
Contract Of Sale Condominium Unit
A U.S. legal agreement for the purchase and sale of a condominium unit, outlining terms, conditions, and obligations of the transaction.
find out more
Lease Option Agreement For Sale
A U.S. legal agreement combining property lease terms with an option to purchase at a predetermined price and timeframe.
find out more
Seller Rent Back Agreement Form
A U.S. legal document establishing terms for a property seller to temporarily rent back their sold property from the new owner.
find out more
Agreement To Sell And Purchase
A U.S.-governed contract documenting the terms and conditions for the sale and purchase of goods, property, or assets between parties.
find out more
Patent Sale Agreement
A U.S.-governed agreement for the transfer of patent ownership rights from seller to purchaser.
find out more
Old Vehicle Sale Agreement
A U.S. legal agreement documenting the sale and transfer of ownership of a used vehicle between parties.
find out more
Laptop Sale Agreement
A U.S.-governed agreement for the sale and purchase of a laptop computer, including terms, conditions, and warranties.
find out more
Agreement Of Sale With Possession
A US legal document combining property sale terms with possession arrangements, commonly used in real estate transactions where possession and closing dates differ.
find out more
Sales Manager Agreement
A U.S.-compliant employment contract defining terms, compensation, and duties for sales manager positions.
find out more
Vessel Purchase And Sale Agreement Form
A legally binding agreement for the sale and purchase of marine vessels under U.S. maritime law and regulations.
find out more
Sale Lease Back Agreement
A U.S.-governed agreement where an owner sells an asset and immediately leases it back from the buyer for continued use.
find out more
Business Sale Deposit Contract
A U.S.-compliant legal agreement governing the deposit payment and terms in a business sale transaction.
find out more
Immovable Property Sale Agreement
A legally binding agreement under U.S. law that documents the terms and conditions for the sale and purchase of real property.
find out more
Tripartite Agreement For Sale Of Property
A U.S. legal agreement between three parties for property sale, typically involving a seller, buyer, and financial institution or developer.
find out more
Scrap Sale Agreement
A U.S.-governed contract establishing terms for the sale and purchase of scrap materials, including specifications, pricing, and regulatory compliance.
find out more
Private Token Sale Agreement
A U.S.-compliant legal agreement governing the private sale of digital tokens between issuers and qualified purchasers.
find out more
House Sale Contract Form
A legally binding agreement used in the United States for residential property sales, conforming to federal and state-specific real estate laws.
find out more
Binding Employment Contract
A US-compliant employment agreement establishing terms and conditions between employer and employee.
find out more
Bill Of Sale Contract With Payments
A U.S. legal document combining property transfer documentation with structured payment terms and conditions.
find out more
Agreement Of Sale And General Power Of Attorney
A U.S. legal document combining property sale terms with power of attorney authorization for transaction completion.
find out more
Share Profit Agreement
A U.S.-governed agreement establishing terms and mechanisms for profit sharing between multiple parties, including calculation methods and distribution rights.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)