Residential Seller Form

"*" indicates required fields

Residential Real Estate Transaction Engagement Letter

Dear Seller:
Vyas Realty Law has been retained by the Buyer of your property to handle the real estate closing. Our firm needs to gather specific information from you to ensure the process goes smoothly. If you have any questions about this letter or any of its provisions, please do not hesitate to contact us. Otherwise, this letter will represent the terms of our engagement.

PLEASE GIVE THE FOLLOWING MATTERS YOUR PROMPT AND CAREFUL ATTENTION:

OUR REPRESENTATION

You have the right to hire your own legal counsel to represent you and/or prepare the documents required in connection with this transaction. However, if you so choose, our firm will prepare the deed and standard seller documents required for closing for a flat rate of $250. Our firm charges all sellers a flat fee of $75 for fees related to disbursement of payoffs, HOA proceeds/process documents, and (if applicable) reviewing the deed prepared by another attorney’s office for any errors that will affect the validity of any conveyance. Such fee shall include a one wire transfer or overnight courier check for a mortgage payoff and one wire transfer or overnight courier check for sale proceeds. Any additional disbursements may incur additional fees.

I/We, the undersigned, have read the above terms and conditions of representation by Vyas Realty Law and understand and agree to the same. By typing your name below and submitting this information, you are attesting to the accuracy of the information provided and consent to our office representing you in the scope identified herein.*

I have read and approved the Terms & Conditions

INTAKE INFORMATION REQUESTED

#1 SELLER’S FULL NAME:*

Email:*

Phone*

Social Security #:*

NOTE: If you prefer to call in with this information, please state "WILL CALL"

SELLER #1 Marital Status*

Married

Single

Divorced

Separated

Widowed

N/A - Business Entity (Please provide name of Authorized Signatory below)

Name of Authorized Signatory

Have another seller ?*

Yes

#2 SELLER’S FULL NAME:

Email:

Phone

Social Security #:

SELLER #2 Marital Status

Married

Single

Divorced

Separated

Widowed

N/A - Business Entity (Please provide name of Authorized Signatory below)

Name of Authorized Signatory

Seller's Forwarding/Email Address:*

NOTE: If the party on title is married, The spouse must sign even if not on the current deed.

Will our office handle deed preparation and signing?*

Yes

Can sellers come into the office to sign documents in person?*

Yes

Provide Law Firm Name:

Please confirm signing date and time if at our office:

How you intend to sign your documents - mail-away or another attorney's office., etc.

Does the seller have a copy of their title insurance policy?*

Yes

Please provide Title Company name and Policy #*

Does the seller have a recent survey performed on the subject property?*

Yes

Please provide a copy to our office by email or secure upload.

Provide the total commission to be paid at closing:*

Amount in $

Amount in %

Confirm whether any additional charges are to be collected or provide special instructions regarding the Deed, proceeds, etc.:*

NOTE: We require pertinent information regarding your loan payoff and HOA dues even if another attorney is preparing your transaction documents.

By:*

Date*

MM slash DD slash YYYY

By:

Date

MM slash DD slash YYYY

Property Address:*

PAYOFF AUTHORIZATION

PLEASE INCLUDE ALL MORTGAGES AND EQUITY LINES (EVEN IF THERE IS A ZERO BALANCE)

NOTE: Many lenders require that a wet-signed authorization form is sent to our office. If authorization in this manner is not permitted by your lender, we will request a wet-signed Payoff Authorization form.

1st Mortgage

Name of Mortgage Company:

Phone

Loan Number:

Fax Number:

2nd Mortgage

Name of Mortgage Company:

Phone

Loan Number:

Fax Number:

3 rd Equity Line

Name of Mortgage Company:

Phone

Loan Number:

Fax Number:

Equity Lines/Open Ended Accounts: If my/our account is an equity line of credit, I/we hereby request that the account be immediately blocked to further advances and closed and satisfied if the account has a zero balance. Upon receipt of a future payment from me/us or Vyas Realty Law reducing the account to zero, please close the account and satisfy any deed of trust recorded to secure the account.

HOA

Management Company Name:

Phone

By typing your Name below constitutes written authorization to release the same and appoints Vyas Realty Law as my agent in this matter. As my agent, the firm is authorized to request payoffs and to close the above accounts. Please fax payoff information on my mortgage account to Vyas Realty Law.

By*

Date*

MM slash DD slash YYYY

Date

MM slash DD slash YYYY

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Residential Seller Form

Residential Real Estate Transaction Engagement Letter

OUR REPRESENTATION

INTAKE INFORMATION REQUESTED

PAYOFF AUTHORIZATION

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