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SHORT SALE ADDENDUM TO LISTING CONTRACT SSL This form recommended and approved for, but not restricted to use by, the members of the Pennsylvania Association of REALTORS (PAR). 1 2 3 PROPERTY BROKER
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How to fill out short sale addendum to:

01
Gather necessary information: Start by collecting all the required documents and information related to the short sale. This may include the property address, loan information, seller details, and any additional forms or disclosures.
02
Read the instructions: Carefully review the instructions provided with the short sale addendum to understand the specific requirements and guidelines for filling it out correctly. Pay attention to any deadlines or signatures needed.
03
Complete the necessary fields: Fill in all the required fields in the short sale addendum accurately. This may include information about the buyer, seller, realtors, purchase price, and any contingencies or conditions.
04
Attach any supporting documents: If there are any supporting documents or additional forms required, make sure to attach them along with the short sale addendum. This could include financial statements, hardship letters, or any other documentation needed by the lender.
05
Review and double-check: Once you have completed the short sale addendum, review it thoroughly to ensure all the information is accurate and complete. Double-check for any errors or missing details that could cause delays or issues during the process.

Who needs short sale addendum to:

01
Homeowners facing financial difficulties: Those who are struggling with mortgage payments and are considering a short sale as a solution to avoid foreclosure may need to utilize a short sale addendum.
02
Real estate agents and brokers: Professionals involved in assisting homeowners with short sale transactions will need to understand and use the short sale addendum to properly document the terms of the sale.
03
Lenders and banks: Financial institutions that hold the mortgage on a property involved in a short sale will often require the use of a short sale addendum to ensure all parties are in agreement and to protect their interests.
Note: It is essential to consult with a real estate attorney or a qualified professional for specific guidance and advice related to your individual circumstances and legal requirements when dealing with a short sale addendum.
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Short sale addendum is added to the purchase agreement.
The seller in a short sale transaction is required to file the short sale addendum.
The short sale addendum should be filled out with accurate and truthful information regarding the short sale transaction.
The purpose of a short sale addendum is to provide additional details and terms related to the short sale transaction.
Information such as the sale price, any credits or concessions, and details on the short sale approval must be reported on the short sale addendum.
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