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SUPPLEMENTAL REAL ESTATE OWNED APPRAISAL ADDENDUM Property Address Legal Description Is the subject property currently listed? Listing Company/Address/Phone: COMPETING LISTINGS ITEM Address City Yes

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How to fill out trec reo addendum form

How to fill out reo addendum:

01

Begin by carefully reading the reo addendum form to understand all the terms and conditions.

02

Fill out the basic information section, including the property address, buyer's name, and seller's name.

03

Specify any additional agreements or amendments that need to be included in the addendum, such as repairs or contingencies.

04

Provide the details for any financial considerations, such as the purchase price, earnest money deposit, or financing arrangements.

05

Review the addendum thoroughly to ensure all required information is filled out accurately and completely.

06

Sign and date the addendum, and have all parties involved in the transaction also sign and date it.

Who needs reo addendum:

01

Homebuyers or investors purchasing a property that is bank-owned or in foreclosure.

02

Real estate agents representing buyers or sellers involved in REO (real estate owned) transactions.

03

Financial institutions or banks selling properties that they have acquired through foreclosure or default.

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What is trec reo addendum?

The TREC REO Addendum is a form used in real estate transactions that addresses the sale of properties owned by a bank or other lending institutions due to foreclosure.

Who is required to file trec reo addendum?

The seller of a real estate property that is owned by a bank or financial institution is required to file the TREC REO Addendum.

How to fill out trec reo addendum?

To fill out the TREC REO Addendum, you should provide accurate details about the property, including its condition, any known issues, and terms of the sale. Ensure all sections are completed as per the guidelines provided in the form.

What is the purpose of trec reo addendum?

The purpose of the TREC REO Addendum is to clarify the terms of the sale of a bank-owned property and to disclose any specific conditions or issues that potential buyers should be aware of.

What information must be reported on trec reo addendum?

The TREC REO Addendum must report information such as property disclosures, the seller's ownership details, any known defects or issues with the property, and special terms related to the sale.

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