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Short Sale Listing Addendum Listing Information: 09/21/2011 (Date) (Loan Number) Seller(s): Seller s Property Address City, State, Zip Code, Date of original listing agreement: Listing Agent/Broker

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How to fill out short sale listing addendum

How to Fill Out Short Sale Listing Addendum:

01

Read the addendum carefully: Before filling out the short sale listing addendum, make sure to thoroughly read and understand its contents. Familiarize yourself with any additional requirements or disclosures that need to be provided.

02

Provide accurate property information: Fill in all the necessary details about the property being listed for short sale. This may include the address, property type, number of bedrooms and bathrooms, square footage, and any other relevant information.

03

Disclose property condition: In the addendum, you may be asked to disclose the current condition of the property. Be truthful and provide accurate information about any damages, repairs needed, or issues with the property.

04

Declare any liens or encumbrances: If there are any existing liens, mortgages, or encumbrances on the property, be sure to declare them in the addendum. This information is important for potential buyers and lenders involved in the short sale process.

05

Include financial information: The short sale addendum may require you to provide financial information, such as the outstanding loan amount, any arrears, and any outstanding taxes or fees. Make sure to provide accurate and up-to-date financial details.

06

Sign and date the addendum: Once you have filled out the short sale listing addendum, sign and date the document. Ensure that all parties involved in the transaction also sign the addendum, including the seller, listing agent, and any required witnesses or representatives.

Who Needs Short Sale Listing Addendum:

01

Sellers: Individuals or entities who are attempting to sell a property through a short sale process may need to complete a short sale listing addendum. This addendum helps provide additional information and disclosures specific to the short sale transaction.

02

Listing Agents: Real estate agents representing sellers in short sale transactions may need to use a short sale listing addendum. This document helps capture important details and disclosures related to the property and the short sale process.

03

Buyers and Lenders: Buyers and lenders involved in a short sale transaction may also need to review the short sale listing addendum. This document provides them with essential information about the property's condition, financial obligations, and any other relevant details.

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What is short sale listing addendum?

Short sale listing addendum is a document that is used in real estate transactions to disclose additional information about a property that is being sold as a short sale.

Who is required to file short sale listing addendum?

The listing agent or the seller is typically required to file the short sale listing addendum.

How to fill out short sale listing addendum?

The short sale listing addendum can be filled out by providing all the required information about the property being sold as a short sale, including details about the seller's financial situation.

What is the purpose of short sale listing addendum?

The purpose of the short sale listing addendum is to provide potential buyers with all the necessary information about the property being sold as a short sale, including any additional terms or conditions.

What information must be reported on short sale listing addendum?

Information such as the seller's financial hardship, the status of any liens or loans on the property, and any special terms or conditions that apply to the short sale must be reported on the short sale listing addendum.

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