Finance
A Mississippi buyer wants to include personal property (appliances, a riding lawn mower) in the real estate purchase. To ensure these items are properly covered by the mortgage, they should be:
AListed separately and financed with a personal loan
BListed in the real estate purchase contract as personal property included in the sale, and the lender should be informed so it can be addressed in the appraisal✓ Correct
CIgnored since personal property cannot be included in a real estate sale
DAdded as a separate addendum that does not affect the mortgage
Explanation
Personal property included in a real estate sale should be listed in the contract. The lender must know because the appraiser needs to consider whether to include personal property value in the appraisal.
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