Picture of Alberta Vendor Take-Back Mortgage Picture of Alberta Vendor Take-Back Mortgage

Alberta Vendor Take-Back Mortgage

Have you found a buyer for your property who can't qualify for a mortgage? Lend them the amount they need with this Vendor Take-Back Mortgage for Alberta real estate properties.

  • A vendor take-back mortgage (also known as a 'purchase money mortgage') is often used for real estate transactions between family members.
  • The seller (vendor) agrees to carry all or part of the purchase price for the real estate and the buyer will make regular payments to the seller, just as with a regular mortgage.
  • The seller has the right to take back the property if the buyer fails to make the payments or meet its other obligations under the mortgage.
  • A Vendor Take-back Mortgage is an alternative method of financing a real estate purchase that allows buyers who cannot get a conventional mortgage a chance to own a home.
  • This legal document is intended solely for use in the Province of Alberta, Canada.
Document Type: Microsoft Word
Last Updated: 02-December-2024
SKU: 81
$17.99
Product tags
Related products
Picture of Alberta As-Is Real Estate Purchase Contract

Alberta As-Is Real Estate Purchase Contract

Sell a property in Alberta on an as-is basis with this Alberta As-It-Stands Real Estate Purchase Contract

  • Purpose of Agreement. This type of contract is often used to buy land with no buildings (vacant lots, parking lots, etc.), or to buy a lot on which the building will be demolished.
  • For Sale by Owner. This is an FSBO (for sale by owner) contract. Since the property is being sold by the vendor (seller) without being listed through a realtor, there are no commissions payable on the sale.
  • Acknowledgement of Inspection. The purchaser acknowledges having inspected the property and is offering to buy the property as it stands (as is).
  • No Representations. The purchaser agrees that the vendor has not made any representations or warranties regarding the property or any lands in close proximity which might directly or indirectly affect the property, other than what is set out in the contract.

This Alberta As-It-Stands Real Estate Purchase Contract is in MS Word format, and is fully editable to fit your circumstances.

$17.99
Picture of Alberta FSBO Real Estate Contract

Alberta FSBO Real Estate Contract

Sell a residential property in Alberta without a realtor with this FSBO (For Sale by Owner) Real Estate Offer and Purchase Contract.

The property is being sold by the vendor without being listed through a realtor, so there are no commissions to be paid on the sale. The purchase contract can be used for a single family home or a condominium.

The Offer to Purchase is conditional upon several things:
  • The purchaser must be approved for new mortgage financing (if applicable).
  • The purchaser must have received and accepted an offer on his or her current home.
  • The purchaser must have completed a satisfactory inspection of the property being purchased.
  • The purchaser must sign documents to ensure that the proceeds of any new mortgage are paid to the vendor or their solicitors.
This Alberta FSBO (For Sale by Owner) Real Estate Offer and Purchase Contract is in MS Word format, and is fully editable.
$29.99
Customers who bought this item also bought
Picture of Alberta Quit Claim Deed

Alberta Quit Claim Deed

File a Quit Claim Deed on title to land situated in Alberta with this downloadable easy-to-use template.

  • The party transferring the land (the Grantor) transfers its entire interest in the land to the recipient (the Grantee).
  • The Grantor agrees to quit claim (give up any claim) against the land.
  • The document includes the affidavits required to register the deed at the Alberta Land Titles Office.
  • Available in MS Word format.
  • Intended to be used only in the Province of Alberta, Canada.
$6.99
Picture of Alberta Standard Charge Fixed Rate Mortgage

Alberta Standard Charge Fixed Rate Mortgage

Secure a loan with real estate under the terms of this Standard Charge Fixed Rate Closed Term Mortgage for Alberta.

  • Renewal. Early renewal privileges, i.e. the mortgage may be renewed on any installment payment date.
  • Interest. Interest will be calculated half-yearly, not in advance.
  • Property Taxes. The mortgage lender may elect to pay the property taxes when they come due, or elect to have the borrower (mortgagor) pay the taxes.
  • Application of Payments. All payments will be applied first to taxes and life insurance (if applicable), then to interest, then to principal, and then to any other moneys owing.
  • Leasehold. Optional provisions for a leasehold mortgage.

Never lend large sums of money without adequate security. Download this Alberta fixed rate mortgage form immediately after you purchase it.

$29.99