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Get the free NHAM Short Sale Addendum Feb 2010 - Pearce Real Estate Company

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H. Pearce Real Estate Company Short Sale Addendum to Real Estate Purchase and Sale Agreement I. SCOPE OF AGREEMENT The following provisions are made part of the Real Estate Purchase and Sale Agreement
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How to fill out nham short sale addendum

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How to fill out the NHAM Short Sale Addendum:

Obtain the NHAM Short Sale Addendum form:

You can usually find this form on the website of the organization or agency handling the short sale process. It may also be available through your real estate agent or attorney.

Read through the instructions:

Before starting to fill out the addendum, carefully review the instructions provided. This will give you a clear understanding of what information is required and how to complete each section accurately.

Fill out the seller's information:

Begin by providing the seller's name, contact information, and property address. Make sure to double-check the accuracy of these details to avoid any confusion or potential issues later on.

Disclose any existing liens or encumbrances on the property:

In this section, you will need to disclose if there are any outstanding liens or encumbrances on the property, such as mortgages, judgments, or unpaid taxes. Be sure to provide accurate and complete information to ensure transparency in the short sale process.

Provide details of the short sale transaction:

This part of the addendum requires you to outline the key details of the short sale transaction, including the purchase price, earnest money deposit, and any requested seller concessions. Additionally, you may need to specify if the buyer is responsible for any closing costs.

Indicate the timeline for the short sale process:

The addendum may also ask you to specify the timeline for completing various steps of the short sale process, such as obtaining lender approval, completing inspections, or executing the final closing. Ensure you enter realistic and reasonable timeframes to avoid any complications or misunderstandings.

Who needs NHAM Short Sale Addendum:

01
Homeowners or property sellers who are engaging in a short sale transaction.
02
Real estate agents, brokers, or attorneys representing the sellers in the short sale process.
03
Lenders or mortgage servicers involved in facilitating the short sale.
04
Buyers who are purchasing a property through a short sale and want to ensure all necessary information is disclosed and documented correctly.
Remember, it is essential to consult with a qualified professional, such as a real estate attorney or agent, for guidance and assistance in accurately completing the NHAM Short Sale Addendum.
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The nham short sale addendum is a document that outlines additional terms and conditions related to a short sale transaction.
The seller and buyer involved in a short sale transaction are required to file the nham short sale addendum.
The nham short sale addendum can be filled out by completing the required fields with relevant information pertaining to the short sale transaction.
The purpose of the nham short sale addendum is to establish specific terms and conditions that are unique to a short sale transaction.
The nham short sale addendum must include details such as the purchase price, closing date, and specific contingencies relating to the short sale.
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