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Real Estate Purchase Contract Language

Language for the REPC when using the AmeriDream Down Payment Gift Program:

"This contract is contingent upon the purchaser(s) receiving a down payment gift from The AmeriDream Program. AmeriDream’s service fee and the terms and conditions are outlined on the attached AmeriDream Seller Enrollment Form (SEF).

The seller(s) agrees to pay____% of the contract sales price plus a processing fee of ____to AmeriDream. The Seller’s payment will be used to help future homebuyers with down payment gifts. This amount will be deducted from the Seller’s proceeds at settlement.” AmeriDream’s Seller Enrollment Form, found here is intended to be used as an additional addendum to the purchase agreement.