Examples of Seller Releases in a sentence
Buyer will promptly notify Sellers when each Lender consents to the Assumption and the Seller Releases.
Buyer covenants to communicate with Sellers and to keep Sellers informed with respect to the status of the Assumption and the Seller Releases.
If Buyer is unable to obtain the Seller Releases by noon, Dallas, Texas time on January 17, 2005, Buyer will promptly notify Sellers in writing thereof.
The closing costs shall be those costs incurred in conjunction with closing escrow and shall be paid at the close of escrow as follows: Expenses payable by the Seller: Releases of existing liens, including prepayment penalties and recording fees; release of Seller’s loan liability; tax statements or certificates; survey; preparation of deed; one-half of escrow fee; and other expenses required by the Seller under FHA, VA, or other government loan program regulations.
The Buyer shall have received all of the Seller Releases duly executed and delivered by the Sellers.