(Download) "Roscoe v. U.S. Life Title Insurance Co." by Supreme Court of the State of Oklahoma ~ Book PDF Kindle ePub Free

eBook details

Title: Roscoe v. U.S. Life Title Insurance Co.
Author : Supreme Court of the State of Oklahoma
Release Date : January 06, 1987
Genre: Law,Books,Professional & Technical,
Pages : * pages
Size : 60 KB

Description

In 1976, Benjamin Roscoe negotiated to purchase from Anne Macy an apartment complex in Albuquerque. He prepared and signed a document of purchase, agreeing to assume the existing mortgage lien on the property. After the agreement was signed, it was taken to U.S. Life for preparation of the closing documents. An attorney employed by U.S. Life on behalf of both buyer and seller reviewed those documents. At the closing on July 30, 1976, Roscoes signed a real estate contract subject to a mortgage in the amount of $119,055.04. Neither the assumption purchase agreement nor the real estate contract mentioned that a balloon payment was due under the terms of the mortgage on or before October 1, 1984.