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what is an occupancy agreement?

by grjas_760_744 from Temecula, California. May 8th 2013 Reply


Kimberly Lawson (kilawson)
#54 ranked lender in Ohio - 150 contributions

There are several different types depending on the situation. Certainly the list isn't all inclusive, I'll just list a couple ways one could be used with regards to real estate.1) buyer and seller: **** buyer wants to move in early they want an occupacy agreement between now and closing.*** seller wants to stay/occupy the property after you purchase for a certain duration.2) city/state mandated**** if you're buying a property in a certain city they may require one; it entails an inspection by a city inspector prior to closing, prior to any new occupant/owner/transfer of deed.I hope this helps.Kim LawsonOhio Mortgage Loan OriginatorLicensing and Contact information is located on my profile.

May 8th 2013
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James Mazzola (Mazzola)
#109 ranked lender in New Jersey - 314 contributions

States whether you are going to live in the property or not

May 9th 2013
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Carlos Figueira (carlosfigueira)
#107 ranked lender in New Jersey - 199 contributions

Verifies that you are OWNER OCCUPYING or NON OCCUPYING property being financed.

May 9th 2013
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Manuel Gonzalez (mmortgage1)
#90 ranked lender in New Jersey - 90 contributions

Hi, do you mean a use of occupancy in a purchase transaction? That is when the home is occupied after the sale, by the sellers and they agree to occupy with subject to certain restrictions

May 9th 2013
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Andrew Alfonso (CashCow)
#43 ranked lender in Florida - 271 contributions

This agreement states whether you are going to live in the property or not; basically what your intentions are.

May 9th 2013
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Dave Metsker (DaveMetsker)
#35 ranked lender in Oregon - 2,318 contributions

It is an agreement to occupy a property, usually before or after a sale.

May 9th 2013
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