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restard the clock?In Reply to: Offset for Non-Disclosed Liens and Encumbrances posted by Ward-CA- on June 15, 2003 at 9:48 AM
: : Hi Ward, : : Thanks for such a great web forum : : Mark : Mark, : There is language in the EPA (Equity Purchase Agmt.) that states that if more liens and encumbrances are discovered than what was initially disclosed, they shall be deducted from the FMV (Fair Market Value) of the property prior to determining the net equity of same. : As a consequence you need to document the subsequent offset amemdment and have it signed and dated by all parties to the EPA. : You might call it, -Offset For Non-Disclosed Liens and Encumbrances-. : Hope this helps.
Will this restart the owners 5 day recission rights?
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