Common use of Acknowledgement by Seller Clause in Contracts

Acknowledgement by Seller. (a) If Seller is advised of Seller’s Xxxxxx’s refusal to participate in any short sale, Xxxxxx agrees to immediately communicate this to Buyer and Xxxxxx. (b) Seller acknowledges that Xxxxxx has advised Seller to consult with professionals for any tax, legal or specialized advice and has been encouraged to discuss other options with legal counsel of Seller’s choosing prior to entering into this short sale transaction.

Appears in 4 contracts

Samples: Residential Contract for Sale and Purchase, Residential Contract for Sale and Purchase, Residential Contract for Sale and Purchase

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Acknowledgement by Seller. (a) If Seller is advised of Seller’s Xxxxxx’s 's Xxxxxx's refusal to participate in any short sale, Xxxxxx agrees to immediately communicate this to Buyer and Xxxxxx. (b) Seller acknowledges that Xxxxxx has advised Seller to consult with professionals for any tax, legal or specialized advice and has been encouraged to discuss other options with legal counsel of Seller’s 's choosing prior to entering into this short sale transaction.

Appears in 1 contract

Samples: Residential Contract for Sale and Purchase

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Acknowledgement by Seller. (a) If Seller is advised of Seller’s XxxxxxLender’s refusal to participate in any short sale, Xxxxxx Seller agrees to immediately communicate this to Buyer and XxxxxxBroker. (b) Seller acknowledges that Xxxxxx Broker has advised Seller to consult with professionals for any tax, legal or specialized advice and has been encouraged to discuss other options with legal counsel of Seller’s choosing prior to entering into this short sale transaction.

Appears in 1 contract

Samples: Transaction Form

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