3 Important Clauses In A Subject To Agreement

What are three crucial clauses for your subject to agreement? In this video, we discuss three crucial clauses often overlooked when writing a subject to agreement. In addition, we're going to cover the risk of a seller bankruptcy when you're buying property subject to existing financing.

"And the thing about bankruptcy and subject to transactions with sellers is that it's a lengthy process" 1:32

Understanding these key elements can mean the difference between a successful and legally binding agreement and one that falls apart when you need it the most.

We'll cover the importance of clearly defining the responsibilities of all parties involved, including the specific terms and conditions of the agreement. Additionally, we'll go over the importance of outlining a dispute resolution process to avoid any potential misunderstandings or conflicts down the road.

Lastly, we'll talk about why it's important to include clauses related to confidentiality and non-disclosure to protect any confidential information that may be shared during the agreement.

If you have any questions or comments, please feel free to leave them below.

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ABOUT CLINT COONS

Clint Coons, Esq. is one of the founding partners of Anderson Law Group, Clint has grown his legal and tax firm to over 400 employees by assisting real estate investors with creating and implementing solid entity structuring plans. His success in these regards is in large part due to his personal investing experience. A successful attorney, real estate investor, and speaker, Clint has used his innovative and dynamic strategies coupled with knowledge borne from experience to help thousands of people save millions of dollars and build real wealth.

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The information provided in this video should not be construed or relied on as legal advice for any specific fact or circumstance. Its content was prepared by Anderson Business Advisors with its main office at 3225 McLeod Drive Suite 100 Las Vegas, Nevada 89121. This video is designed for entertainment and information purposes only. Viewing this video does not create an attorney-client relationship with Anderson Business Advisors or any of its lawyers. You should not act or rely on any of the information contained herein without seeking professional legal advice.

#subjectto #clintcoons #realestateinvestor

[mike-yru]

Like usual: great video, Clint. Thank you!

[danshd.]

Than you Clint! Can anyone reply step wise how to process if seller has not paid past 2 years mortgage and buyer wants to pay their all dues to keep same old interest rate and own this property under LLC where LLC is new and sellers in title are 5 same family members, bank is about to foreclose so its pre-forclosure?

[chuckhager]

Clint. I am a ABA Titanium client. Are these clauses available in the library?

[ReviewTesterTester-tmpy]

Clint,

I have a verbal offer for subject to and or seller finance deal

Do you have a way to contact you or your office to purchase contracts from you for a seller finance or subject to deal?

Your videos give great information but I can’t find a reliable source to get an actual contract