TREC-promulgated addendum used when the Buyer assumes the Seller's existing first and/or second lien loan(s) at closing. It sets the credit documentation Buyer must deliver and Seller's right to reject Buyer's credit, the loans assumed with their balances and payments, the balance-variance adjustment, the maximum assumption fee and interest rate Buyer will accept, noteholder consent, Seller's liens, and the transfer of the escrow account.
Residential Sales, Farm & Ranch, Vacant Land
The TREC 41-3 form is organized into the following sections:
TREC 41-3 has a verified fill map in EZDocs: answer a guided form — with the parties, property, price and closing date already filled in from your deal — and RaiderX fills the official current revision of the PDF, places every signature, initial and date line, and sends it for e-signature. Once every side has signed, the executed copy files itself into the deal.
No downloaded blank, no separate e-signature account, no re-uploading the signed copy. EZDocs is in beta and included with every RaiderX plan at no per-signature cost, on the web and in the mobile app.
Every signed form also feeds Deal Manager: it reads the form's key dates and terms and builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing.
Join Texas agents who fill, e-sign and track forms like this one inside RaiderX — EZDocs and Deal Manager are included with every plan.