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SHORT SALE INFORMATION ADDENDUM 1. ADDENDUM TO CONTRACT. This Short Sale Addendum (referred hereinafter as Addendum) is made a part of the following contract. The: Exclusive Listing Agreement dated
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How to fill out short sale information addendum

How to fill out short sale information addendum?
01
Begin by obtaining the short sale information addendum form from your lender or real estate agent. This form is typically required when selling a property through a short sale process.
02
Carefully read through the instructions provided on the form. These instructions will guide you on how to accurately complete each section of the addendum.
03
Start by filling out the basic information section, which usually includes the property address, the borrower's name, and the lender's name.
04
Provide detailed information about any liens or encumbrances on the property. This may include mortgage loans, tax liens, or any outstanding judgments. Be sure to include the current balance and any additional relevant details.
05
Indicate whether there are any outstanding payments or fees associated with the property, such as homeowner association dues or outstanding utility bills.
06
If applicable, include any information about pending foreclosure actions or bankruptcy filings related to the property.
07
Include any additional information that may be required, such as the reason for the short sale and any hardships the borrower is facing.
08
Review the completed addendum form carefully to ensure accuracy and completeness. Double-check all the information provided and make any necessary corrections or additions.
09
Sign and date the form, and have it witnessed or notarized if required.
10
Keep a copy of the completed addendum for your records and provide a copy to your lender or real estate agent as instructed.
Who needs short sale information addendum?
01
Homeowners who are undergoing a short sale process to sell their property.
02
Real estate agents or brokers involved in facilitating a short sale transaction.
03
Lenders or mortgage servicers who require additional information for their records and to assess the viability of the short sale.
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What is short sale information addendum?
The short sale information addendum is a document that provides additional details about a short sale transaction.
Who is required to file short sale information addendum?
All parties involved in a short sale transaction are required to file the short sale information addendum.
How to fill out short sale information addendum?
The short sale information addendum can be filled out by providing accurate and complete information about the short sale transaction.
What is the purpose of short sale information addendum?
The purpose of the short sale information addendum is to ensure transparency and provide detailed information about the short sale transaction.
What information must be reported on short sale information addendum?
The short sale information addendum must include details about the property, buyers, sellers, and terms of the short sale transaction.
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