A disclosure notice was created to be displayed in all homes that have audio and/or video surveillance equipment.

Added a disclosure pertaining to audio & video surveillance:
I/we acknowledge that I/we may be recorded on audio and/or video surveillance or otherwise transmitted and/or recorded by means of electronic devices when I/we enter or visit real property in connection with this Contract. I/we acknowledge that you may not be aware of the presence of any such devices in any real property that I/we may view.

Added a disclosure pertaining to audio & video surveillance:
I/we acknowledge that I/we may be recorded on audio and/or video surveillance or otherwise transmitted and/or recorded by means of electronic devices when I/we enter or visit real property in connection with this Contract. I/we acknowledge that you may not be aware of the presence of any such devices in any real property that I/we may view.

Paragraph 4 – Price
Added clarification for the acceptable method of payment for deposits.

Paragraph 5 – Mortgage Contingency
Added options for situations where there are financing options other than a mortgage or if the mortgage contingency is waived.

Paragraph 6 – Deposits and Escrow of Deposits
Clarified the acceptable method of payment for deposits by referencing paragraph 4 and added escrow of deposits will be held until “Transfer of Title unless requested earlier by settlement agent/attorney to satisfy good funds requirement”

Paragraph 10 – Title
Added a line for additional liens and encumbrances assumed which do not include sewer and water unless specifically stated.

Paragraph 11 - Adjustments
Added rental security deposits, if applicable, to the items to be adjusted at closing.

Paragraph 13 – Complete Assignment
Added “including riders and/or addenda” as part of the complete agreement and that the contract may only be amended by a writing signed by all parties.

Paragraph 14 – Non-assignability
Changed the name of the paragraph from Non-assignability to Assignability by stating the buyer may only assign its rights under the Contract by mutual consent of both parties.

Paragraph 17 – Home, Pest and Environmental Inspection/Tests
Added check boxes for waiving inspections and election the following inspections and moved the applicable inspection options to the beginning of the paragraph.

Paragraph 18 – Riders
Change TRID Rider to TRID/CFPB Rider

Paragraph 19 – Property Condition Disclosure Report
Changed the Public Act references to State Statute references.

Removed the line for the SSN for security purposes.

Section 1
Changes the time frame for the sellers to present a copy of the contract to the lienholder from 5 business days to 10 calendar days.

Section 2
Added a statement that title to the Property may vest in the lienholder through the foreclosure process prior to closing.

Section 3
Added the word “some” to the last sentence: Buyer understands that until Notice Receipt Date, some lienholders may entertain other offers.

Below is a list from Sean Wilder of Loss Mit Services including the core information that is most often requested from the seller for the financial package:

• Hardship Letter
• Proof of income for the last 30 days
• Most recent 2 bank statements for all accounts
• Last 2 years tax returns signed and dated
• An income and expense for usually supplied by the lender

Discontinued please use the CTR Form – “Foundation Advisory for Buyers”

Discontinued please use the CTR Form – “Concrete Advisory and Disclosure for Sellers and Buyers”