Underwriting Manual: Contracts For Sale

See Also

  • No references available.

Standard Exceptions


  • No references available.


  • No references available.
State Supplements

View state supplements to the national underwriting manual.

Underwriting Manual Subtopic

Declaration Of Forfeiture Of Contract For Sale

V 3

A unilateral vendor's declaration of forfeiture does not suffice to eliminate the rights of a vendee under a contract for sale unless coupled with the protection of a statutory provision.

In the absence of statutory provisions, requirements must be made in connection with either:

  • A proper judicial foreclosure of the contract for sale; or,
  • A proper conveyance of the property duly executed by the vendee and filed for record.