Question
INSTRUCTIONS From Hector Harper, your supervising attorney: Hector Harper's buyer clients have signed the typical 7.0 Multi-Board Residential Real Estate Contract draft a letter to
INSTRUCTIONS From Hector Harper, your supervising attorney:
Hector Harper's buyer clients have signed the typical 7.0 Multi-Board Residential Real Estate Contract draft a letter to the seller's attorney. The letter shall be sent by email from the buyers' attorney and signed by the buyers' attorney, but be drafted as a letter sent by regular mail, and contain the following requests from the buyers pursuant to the attorney modification provision in paragraph 10(c) of the 7.0 Multi-Board Residential Real Estate Contract:
- Seller to provide all warranties for appliances and mechanicals.
- The contract shall be modified to include an appraisal contingency. In the event that the property does not appraise at or above the purchase price, the buyer may elect to terminate the contract and obtain a full refund of all earnest money paid to date.
- The buyer will begin the loan application process and order the appraisal within 2 days after attorney review. Lines 71-72 shall be modified to reflect such.
- Seller represents and warrants that seller is not aware of change to the status of any applicable tax exemption on this property which would differ from those exemptions which were included in the last ascertainable tax bill and seller actions would not cause any such change to occur. If seller has any senior exemption or senior freeze included on the tax bill, those amounts shall be recalculated in with the prorated amount.
- Homeowners Insurance: The date in paragraph 13 shall be the same date as the mortgage commitment date in paragraph 7.
- Flood Insurance: The date in paragraph 14 shall be the same date as the mortgage commitment date in paragraph 7.
- Seller represents and warrants that the following are true and shall remain true at the time of closing:
a. Seller has not made any insurance claims within the last 5 years.
b. Further, seller represents that there have been no claims against homeowner's insurance policies that might affect the buyer's ability to secure homeowners insurance at a reasonable cost.
c. There are no complaints, violations, suits, citations, notices of any kind whatsoever that are pending, concerning building code or zoning violations or in any other matter concerning this property or the seller or that may interfere with buyer's enjoyment and marketability of the property.
d. All work performed at the home which required the issuance of a permit, was performed pursuant to permit and in accordance with all applicable municipal regulations and codes.
Homework Resources:
Seller's information: Office Information (your
Ms. Josephine Seller supervising attorney) Buyer's Attorney:
1431 E. Virginia Dr. Mr. Hector Harper
Palatine, IL 60074 1200 W. Algonquin Road
Palatine, IL 60067
847.925.6407
Seller's Attorney: Client Buyers:
Mr. Bob Mazek
Mazek Law Group, LLC Akua and Jamila Ele
3805 N. Lincoln Ave. 1352 E Palatine Road
Chicago, IL 60613 Palatine, IL 60074
773-800-0141
Legal Correspondence should include, in this order from top to bottom:
1. Law Firm Letterhead centered at the top of the correspondence
2. Date
3. Method of Delivery is noted only if other than US Mail (i.e. Via Federal Express)
4. Recipient's Address Block including the name of the person the letter is addressed to; the person's
title, if any; the name of the business, if any; and the address.
5. Reference Line (i.e. Re: Briefly identify the topic of the letter)
6. Salutation or Greeting (i.e. Dear Ms. Smith:)
7. Body of the letter composed of an Introduction, Main Body, and Requests/Instructions.
8. Letter Closing (i.e. Thank you for your consideration.
Sincerely, )
9. Signature and Title (i.e. Joe Jones
Paralegal)
10. Reference Initials (i.e. the author's initials in all capitals followed by the typist's initials in lower case:
CC/rd)
11. Enclosure Notation if enclosures are included with the letter (i.e. Encs.)
12. Others Receiving Copies (i.e. cc: Jane Doe)
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