Agreement Of Sale 2

Definition of "Agreement of Sale"

A contract signed by buyer and seller stating the terms and conditions under which a property will be sold.; Alternative Documentation;"Expedited and simpler documentation requirements designed to speed up the loan approval process. Instead of verifying employment with the applicant's employer and bank deposits with the applicant's bank, the lender will accept paycheck stubs, W-2s, and the borrower's original bank statements. Alternative documentation remains 'full documentation,' as opposed to the other documentation options.

Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ