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SHORT SALE ADDENDUM TO AGREEMENT OF SALESHSThis form recommended and approved for, but not restricted to use by, the members of the Pennsylvania Association of REALTORS (PAR).1 PROPERTY 2 SELLER 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35BUYER DATE

How to fill out short sale addendum to

How to fill out short sale addendum to:

1. Start by carefully reviewing the short sale addendum form. Familiarize yourself with the different sections, terms, and requirements mentioned in the document.
2. Gather all the necessary information and supporting documents that may be required to complete the addendum. This could include property details, financial statements, hardship letters, and any other relevant paperwork.
3. Begin filling out the addendum by providing your personal information. This typically includes your name, contact details, and the property address.
4. Proceed to the next section, which may ask for details about the mortgage or loan being considered for a short sale. This could include the lender's name, loan number, and any specific instructions or conditions related to the short sale process.
5. Pay close attention to any checkboxes or options provided in the addendum. Select the appropriate choices that reflect your specific situation or requirements.
6. If there are any additional terms or conditions that need to be included in the short sale agreement, make sure to document them accurately in the designated section. These could involve payment arrangements, closing costs, or any special agreements between the buyer and seller.
7. Review the completed addendum thoroughly to ensure all the information is accurate and complete. Double-check that you have provided all the required supporting documents and signatures.

Who needs short sale addendum to:

1. Homeowners who are experiencing financial hardships and are unable to fulfill their mortgage obligations may need a short sale addendum. This document is necessary to initiate the process of selling the property for less than what is owed on the mortgage.
2. Lenders or banks may require homeowners to fill out a short sale addendum to determine if a short sale is a viable option for resolving the delinquent mortgage. This addendum helps establish the terms and conditions of the short sale agreement.
3. Buyers who are interested in purchasing a property through a short sale transaction may also need the short sale addendum. This document outlines the specific terms and conditions of the sale, including any additional agreements or special considerations.

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What is short sale addendum to?

Short sale addendum is an additional document that is added to the sales contract of a property and outlines specific terms and conditions related to the short sale transaction.

Who is required to file short sale addendum to?

The buyer, seller, and the lender involved in a short sale transaction are typically required to file a short sale addendum.

How to fill out short sale addendum to?

To fill out a short sale addendum, all parties involved in the transaction should carefully review the document and provide any necessary information or signatures as indicated.

What is the purpose of short sale addendum to?

The purpose of a short sale addendum is to ensure that all parties involved in the transaction are aware of and agree to the specific terms and conditions of the short sale.

What information must be reported on short sale addendum to?

Information such as the sales price, closing date, contingencies, and any specific terms related to the short sale transaction must be reported on the short sale addendum.