LAW 680 Lecture Notes - Lecture 61: List Of Ongoing Armed Conflicts, Dialysis, Dialysis Tubing
9 Jun 2020
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Samuel seller offered his home for sale by owner. brenda buyer negotiated directly with seller and agreed to purchase the house. Buyer and seller agreed upon the purchase price and possession date. Seller further agreed to provide owner financing provided that buyer produced personal financial information demonstrating buyer"s ability to pay. [ owner financing means the seller acts as the lender, and the buyer makes long-term payments directly to the seller instead of getting a mortgage through a third party lender. ] Buyer and seller also agreed to use one lawyer to draft the final sales contract and oversee the closing. Buyer provided the personal financial information to seller. Thereafter, they together retained abel attorney to handle the transaction. The day before the closing, buyer confided to attorney that she gave inaccurate financial information to seller and has large debts she did not disclose to.
