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Bradford Technologies File No. Case No. SUPPLEMENTAL REAL ESTATE OWNED APPRAISAL ADDENDUM Property Address Legal Description Is the subject property currently listed Yes Listing Company/Address/Phone ITEM SUBJECT Address City No Current List Price LISTING 1 Proximity to Subject Original List Price Total Days on Market DOM Since Last Revision Last Sales Date Price/Gross Living Area Data Source Data Verification REO Property Vacant/Occupied VALUE A...
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How to fill out REO addendum form:

01
Begin by reviewing the instructions provided with the form. These instructions will outline the specific requirements and information needed to complete the addendum accurately.
02
Gather all necessary documents and information related to the real estate-owned (REO) property, such as the property address, loan details, and any relevant agreements or contracts.
03
Start with the basic details section of the form, which typically includes information about the buyer, seller, and the property itself. Fill in all the required fields accurately.
04
Move on to the addendum terms section, where you will find specific conditions or clauses that should be addressed in the addendum. Carefully read and understand each term, and provide the appropriate responses or agreements.
05
If there are any additional provisions or amendments that need to be included in the addendum, they can be stated clearly in the provided space or attached separately.
06
Review the completed form thoroughly to ensure all information is accurate, clear, and consistent.
07
Once you are satisfied with the form, sign and date it appropriately. It is generally required for both the buyer and seller to sign the addendum.
08
Keep a copy of the filled-out and signed addendum for your records.

Who needs REO addendum form:

01
Buyers who are interested in purchasing a real estate-owned (REO) property.
02
Sellers who are selling a property through REO channels.
Note: The REO addendum form is typically required when dealing with properties owned by banks or other financial institutions after foreclosure. It may contain specific terms and conditions that are unique to REO transactions. It is important to consult with a real estate professional or attorney for guidance on using this form correctly and complying with applicable laws and regulations.
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The REO addendum form is a legal document used in real estate transactions involving Real Estate Owned (REO) properties, which are foreclosures that have reverted to the lender.
The lender or entity managing the REO property is typically required to file the REO addendum form as part of the property sales process.
To fill out the REO addendum form, provide details such as property information, purchase price, terms of sale, and any specific disclosures required by the lender.
The purpose of the REO addendum form is to outline the terms and conditions related to the sale of the REO property and to disclose any important information to potential buyers.
The REO addendum form must report information such as the property's current condition, disclosures regarding repairs, any liens or claims against the property, and the terms of sale.
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