Redemption Right. Buyer understands that the Property may be subject to the rights of the mortgagor and any other party under applicable law to redeem the Property from any foreclosure sale that may have been conducted with respect to the Property upon payment of certain sums, and Buyer may be dispossessed of the Property. Xxxxx is advised to consult with an attorney to fully understand the import and impact of the foregoing. Xxxxx agrees Buyer shall have no recourse against Seller in the event a right of redemption is exercised.
Appears in 5 contracts
Samples: Winning Bidder Confirmation, Real Estate Purchase Addendum, Purchase Agreement
Redemption Right. Buyer understands that the Property may be subject to the rights of the mortgagor and any other party under applicable law to redeem the Property from any foreclosure sale that may have been conducted with respect to the Property upon payment of certain sums, and Buyer may be dispossessed of the Property. Xxxxx is advised to consult with an attorney to fully understand the import and impact of the foregoing. Xxxxx agrees Buyer shall have no recourse against Seller in the event a right of redemption is exercised.. SAMPLE
Appears in 2 contracts
Samples: Purchase and Sale Agreement Addendum, Real Estate Purchase Addendum
Redemption Right. Buyer Buyer(s) understands that the Property may be subject to the rights of the mortgagor and any other party under applicable law to redeem the Property from any foreclosure sale that may have been conducted with respect to the Property upon payment of certain sums, and Buyer Buyer(s) may be dispossessed of the Property. Xxxxx Xxxxx(s) is advised to consult with an attorney to fully understand the import and impact of the foregoing. Xxxxx Xxxxx(s) agrees Buyer Buyer(s) shall have no recourse against Seller in the event a right of redemption is exercised.
Appears in 2 contracts
Samples: Auction and Retail Contract, Auction and Retail Contract
