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Short Sale Contract Addendum Dated: Seller: Seller: Buyer: Buyer: Property Address: City, State, Zip Code: This Addendum to Contract is entered into and is effective as of / / by and between, Seller(s),

How to fill out short sale contract addendum

How to fill out short sale contract addendum:

1. Start by reviewing the existing contract: Read through the original contract to understand the terms and conditions that need to be modified or added in the addendum.
2. Identify the changes needed: Determine what specific changes or additions need to be made to the original contract. This could include adjusting the sales price, adding contingencies, or addressing any other specific terms related to the short sale.
3. Clearly state the changes: Write down the modifications or additions in a clear and concise manner. Include specific details such as the new terms, deadlines, or any other relevant information.
4. Seek legal advice if necessary: If you are unsure about any legal implications or requirements, it is recommended to consult with a real estate attorney or a professional specializing in short sales.
5. Sign and date the addendum: Once the addendum is filled out correctly, make sure to sign and date it along with any other required parties involved in the transaction. This ensures that all parties agree to the changes made.
6. Keep copies for all parties involved: Make copies of the filled-out addendum for all parties involved in the transaction, including the buyer, seller, and any real estate agents or attorneys involved.
7. Submit the addendum: Deliver the addendum to the appropriate parties involved, such as the buyer's agent, seller's agent, or any other relevant party. This ensures that all involved parties are aware of the changes and can proceed accordingly.

Who needs short sale contract addendum?

1. Homeowners facing financial hardship: When homeowners are unable to pay their mortgage and need to sell their property through a short sale, they may need to use a short sale contract addendum to modify the terms of the sale agreement.
2. Buyers interested in purchasing a short sale property: Buyers who are interested in purchasing a property through a short sale may need a short sale contract addendum to address any specific terms or requirements related to the short sale transaction.
3. Real estate agents and attorneys involved in the transaction: Real estate agents and attorneys representing either the buyer or the seller may utilize a short sale contract addendum to ensure all necessary changes or modifications are documented and agreed upon by all parties involved in the transaction.

For pdfFiller’s FAQs

What is short sale contract addendum?

Short sale contract addendum is a document that supplements and modifies the terms of a short sale contract.

Who is required to file short sale contract addendum?

The parties involved in a short sale transaction, such as the buyer, seller, and real estate agents, are typically required to file the short sale contract addendum.

How to fill out short sale contract addendum?

The short sale contract addendum can be filled out by providing the necessary information requested on the form and ensuring all parties involved sign and date the document.

What is the purpose of short sale contract addendum?

The purpose of the short sale contract addendum is to clarify and add additional terms that are specific to a short sale transaction, and ensure all parties are in agreement.

What information must be reported on short sale contract addendum?

The short sale contract addendum typically includes details such as the property address, purchase price, closing date, and any additional terms agreed upon by the parties.

How can I get short sale contract addendum?

It's simple using pdfFiller, an online document management tool. Use our huge online form collection (over 25M fillable forms) to quickly discover the short sale contract addendum. Open it immediately and start altering it with sophisticated capabilities.

Can I sign the short sale contract addendum electronically in Chrome?

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