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FORECLOSURE SALE ADDENDUM (Insured Loan) Borrower: Loan Number: Address of Property: Date of Purchase Contract: / / Please type or print the following information: Seller Name Buyer Name Seller Name

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What is fha preforeclosure sale addendum?

The FHA preforeclosure sale addendum is a document that is required by the Federal Housing Administration (FHA) for properties that are being sold as part of a preforeclosure sale. It is an agreement between the borrower, the lender, and the potential buyer that outlines the terms and conditions of the sale.

Who is required to file fha preforeclosure sale addendum?

The borrower, who is attempting to sell their property through a preforeclosure sale, is required to file the FHA preforeclosure sale addendum. They must submit this document to their lender in order to initiate the sale process.

How to fill out fha preforeclosure sale addendum?

To fill out the FHA preforeclosure sale addendum, the borrower must provide their personal information, loan information, and details about the sale. They must also disclose any other liens or encumbrances on the property and provide documentation to support their financial circumstances.

What is the purpose of fha preforeclosure sale addendum?

The purpose of the FHA preforeclosure sale addendum is to establish a clear agreement between the borrower, lender, and potential buyer regarding the terms and conditions of the sale. It helps to protect the interests of all parties involved and ensures that the sale process proceeds smoothly.

What information must be reported on fha preforeclosure sale addendum?

The FHA preforeclosure sale addendum requires the disclosure of personal information about the borrower, such as their name, contact information, and Social Security number. It also requires information about the loan being sold, the proposed sale price, and any other relevant financial details.

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