Letter of Agreement and Addendum – CYA Purchase

16 Responses to Letter of Agreement and Addendum – CYA Purchase

1. Roger Young says:

   July 13, 2013 at 2:47 am

   The Letter of Agreement and Addendum – CYA Purchase form is a must. Don’t ever buy a property with a loan on it without this excellent form. The one time you don’t use it will be the time you need it.

   Reply
2. Sue RANCE says:

   September 20, 2013 at 2:38 pm

   Just wondering Ron, should we have the Seller homestead their home just in case they mess up down the road to avoid any unwanted collection liens, etc. Property is still in the Sellers name.

   Reply
   • James Moesch says:

     April 13, 2014 at 4:12 pm

     Sue, would it help if the house was put in a Land trust?

     Reply
   • Todd Crane says:

     August 12, 2015 at 4:28 pm

     Normally the home would have to be disqualified from homestead exemption. HOmestead exemption typically requires that the person filing for the exemption is using the home as their primary residence. As soon as the sell or rent the house out, the property is no longer qualified for the exemption

     Reply
3. Raymond Charron says:

   October 5, 2013 at 6:01 pm

   Letter of Agreement and Addendum – CYA Purchase

   The Letter of Agreement and Addendum – CYA Purchase form is a must. Don’t ever buy a property with a loan on it without this excellent form. The one time you don’t use it will be the time you need it.

   Reply
   • Farion Houston says:

     May 14, 2018 at 4:11 pm

     thanks for this invaluable tool

     Reply
4. Adriana Carrasquilla says:

   July 22, 2014 at 4:07 pm

   This document is the easy steap to avoid liability and is a MUST to buy a property.

   Reply
5. Tal Gintel says:

   July 15, 2015 at 12:12 pm

   Ron whats the name of the form that you need if the loan is not current ?

   Reply
   • Elliot Land says:

     July 27, 2015 at 2:54 pm

     Tal, Ron responded to your question here:

     https://www.ronsgoldclub.com/resources/ask-ron-2015-07-24

     Reply
6. Tal Gintel says:

   July 15, 2015 at 12:12 pm

   its on lesson # 16

   Reply
7. Joyce Cypert says:

   October 13, 2016 at 12:51 am

   I think this is a great doc to have in your tool box

   Reply
8. Julia Shevchenko says:

   February 28, 2017 at 1:46 pm

   The link is not working…

   Reply
9. Roger Bray says:

   April 11, 2017 at 4:12 pm

   Thank you, I am finding a place to use it

   Reply
10. Raisa Schilling says:

    September 29, 2020 at 9:29 am

    What does CYA stand for?

    Reply
11. David Genesis says:

    October 8, 2020 at 1:59 pm

    Raisa- it means Cover Your A%$&

    Reply
12. William Welch says:

    November 4, 2022 at 4:30 pm

    Ron LeGrand is a flippin Genius! He looks after his students to help them cover their A$Sets.
    Thank You Ron!!!

    Reply