October 2024

Posted by: Shelley Devanney on Friday, September 27, 2024
Form # Form Name Replaces Revision Date Brief description of how the form was revised
A-1 Real Estate Purchase Contract 10/23

This contract has been changed to add the following statements to the Mortgage Contingency section of the contract:
“Buyer will also make prompt and diligent efforts to obtain property/casualty insurance and, if applicable, flood insurance.” And to add “lender approval of binders for property/casualty insurance and flood insurance (if applicable),” as one of the conditional items the Buyer has the right to terminate if not met on or before the mortgage contingency date.

Other housekeeping items include removing any gender specific terms and references to the use of fax machines.

 

These changes will be available on DocuSign, dotloop, Glide, Skyslope, Transaction Desk and zipForm on October 1, 2024.

If you have a question or comment about our forms, please email Shelley Devanney. Remember, the CTR legal hotline is the number to call for specific legal issues: 860-566-8333.

Event Sponsors