My seller interprets the language as they can never buy the house back (I consulted an attorney who said this is not exactly the case). In the latest version of the form, under section (b), they would just like to take out the part that says they can never obtain title of the mortgaged premises again. I spoke to Wells and they will not accept a redacted form in any case. Thank you for your response.
Chad Gelsinger's Comments
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Hi Chad,
My seller interprets the language as they can never buy the house back (I consulted an attorney who said this is not exactly the case). In the latest version of the form, under section (b), they would just like to take out the part that says they can never obtain title of the mortgaged premises again. I spoke to Wells and they will not accept a redacted form in any case. Thank you for your response.
Thank you so much! I really appreciate it.
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