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SHORT SALE ADDENDUM TO MULTIBAND RESIDENTIAL REAL ESTATE CONTRACT 6.1 (Use only with Multiband 6.1) 1 SELLER NAME(S): 2 BUYER NAME(S): 3 4 This Addendum is attached to and made part of a certain real
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How to fill out short sale addendum to

How to fill out short sale addendum to:
01
Obtain the short sale addendum form: The first step in filling out the short sale addendum is to obtain the necessary form. This form can typically be obtained from your real estate agent or from the lender handling the short sale process.
02
Read and understand the instructions: Once you have the form, take the time to carefully read and understand the instructions provided. This will ensure that you fill out the addendum correctly and include all the necessary information.
03
Identify the property and parties involved: Start filling out the addendum by clearly identifying the property that is being sold. Include the address and any applicable legal descriptions. Also, include the names of all parties involved in the short sale, such as the seller, buyer, and any other necessary parties.
04
Include details about the short sale transaction: Next, provide details about the short sale transaction. This includes the purchase price, any deposits or earnest money involved, and the anticipated closing date. Be sure to accurately enter all pertinent details to avoid any potential issues later on.
05
Outline any additional terms or conditions: If there are any additional terms or conditions that need to be included in the short sale addendum, this is the section to do so. This could include specific contingencies, special financing arrangements, or any other conditions that need to be outlined.
06
Sign and date the addendum: To finalize the addendum, make sure to sign and date the document. This confirms that all the information provided is accurate and that you understand the implications of the short sale addendum.
Who needs short sale addendum to:
01
Homeowners facing financial difficulties: Individuals who are struggling to pay their mortgage and are considering a short sale as an option may need to use a short sale addendum. This addendum helps outline the specific terms and conditions of the short sale process.
02
Real estate agents and brokers: Real estate professionals who are assisting clients with a short sale transaction will need to utilize a short sale addendum to ensure all the necessary information is properly documented and agreed upon.
03
Lenders and financial institutions: Lenders and financial institutions who are approving a short sale request may require the use of a short sale addendum. This helps protect their interests and ensures that the terms of the short sale are clearly defined.
In conclusion, filling out a short sale addendum requires obtaining the necessary form, understanding the instructions, accurately providing property and transaction details, outlining additional terms or conditions, and signing the document. Homeowners facing financial difficulties, real estate professionals, and lenders are among those who may need a short sale addendum.
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What is short sale addendum to?
Short sale addendum is a supplement to the purchase agreement in a real estate transaction.
Who is required to file short sale addendum to?
Both the buyer and seller in a short sale transaction are typically required to file the short sale addendum.
How to fill out short sale addendum to?
The short sale addendum should be filled out by providing all required information related to the specific terms and conditions of the short sale transaction.
What is the purpose of short sale addendum to?
The purpose of the short sale addendum is to outline any additional terms and conditions specific to a short sale transaction that are not covered in the standard purchase agreement.
What information must be reported on short sale addendum to?
Information such as the agreed purchase price, any seller concessions, and any special terms or conditions related to the short sale transaction must be reported on the short sale addendum.
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