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SHORT SALE ADDENDUM TO LISTING CONTRACT PROPERTY THIS ADDENDUM is to be part of and incorporated into a listing contract between as Listing REALTOR/Broker and as Seller, dated, 20, regarding the above
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How to fill out short sale addendum to
How to fill out short sale addendum to:
01
Begin by thoroughly reading the short sale addendum to form. Familiarize yourself with the specific requirements and instructions provided.
02
Provide your personal information accurately. This may include your name, contact information, and any other details required.
03
Include the property information. Fill in the address, legal description, and any unique identifiers or numbers associated with the property.
04
If applicable, disclose any outstanding liens or encumbrances on the property. This is necessary to determine the financial status of the property.
05
Be prepared to provide information regarding the buyer and their financing. Include their name, contact information, and any relevant details about their mortgage or loan.
06
Consider including any additional terms or conditions. This may involve negotiating specific contingencies or provisions to protect your interests as a seller.
07
Review the completed form carefully to ensure all information is accurate and correct. Make any necessary amendments or corrections before signing.
08
Sign the short sale addendum to form. Depending on the requirements, both the seller and the buyer may need to sign the document.
09
Submit the completed and signed form to the appropriate parties. This may involve providing copies to your real estate agent, attorney, or any other professionals involved in the short sale process.
Who needs short sale addendum to:
01
Homeowners facing financial distress who are unable to keep up with their mortgage payments.
02
Buyers interested in purchasing a property through a short sale process.
03
Financial institutions or lenders involved in the short sale negotiation and approval process.
04
Real estate agents and attorneys representing the buyer or seller in a short sale transaction.
05
Any other parties directly involved in the short sale process, such as mortgage servicers or title companies.
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