> ## Documentation Index
> Fetch the complete documentation index at: https://docs.pylon.mortgage/llms.txt
> Use this file to discover all available pages before exploring further.

# Subject Property Purchase Contract

> Provide the fully executed purchase contract for the subject property to establish key transaction terms for underwriting and closing.

## What this task is

This task collects the **completed, executed purchase contract** for the **subject property**.
The contract should include:

* The **full purchase price**,
* **Buyer and seller information**,
* Legal description or **property address**, and
* Any **addenda, concessions, or special conditions** that impact the transaction.

This document is foundational for **underwriting, appraisal ordering, and closing preparation**.

## When this task is required

This task is required when:

* The loan purpose is a **Purchase**, and
* The borrower has an **accepted offer** on a specific property.

It applies across:

* **Conventional, government, and many portfolio loans**, whenever a purchase transaction is being financed.

## Why this task is required

The purchase contract is used to:

* Establish the **true purchase price** and any **seller-paid concessions**.
* Confirm the **parties to the transaction** and ensure they align with the loan file.
* Provide the basis for the **appraisal “subject to” value and scope**.
* Validate **timelines and contingencies** relative to underwriting and closing.

Without a complete contract, the lender cannot:

* Confirm the **terms being financed**,
* Evaluate the impact of **credits, repairs, or seller concessions**, or
* Properly coordinate **closing and funding** with all parties.

This may delay or prevent the loan from moving forward.

## Documents needed to resolve this task

To satisfy this task, provide:

* The **fully executed purchase contract** for the subject property:
  * All pages, **unredacted**, including any **counteroffers, addenda, or riders** that change price, credits, or conditions.
  * Signatures and dates for **both buyer and seller**.
* If there have been **material amendments** (for example, price changes, closing date extensions), provide:
  * The **most recent amended contract or signed addenda** reflecting the final agreed terms.

These documents allow the underwriter to align the **loan structure, appraisal, and closing package** with the actual terms of the purchase transaction.