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VIRGINIA ASSOCIATION OF REALTORS SHORT SALE ADDENDUM TO RESIDENTIAL CONTRACT OF PURCHASE THIS SHORT SALE ADDENDUM is attached to and made a part of that Residential Contract of Purchase dated as of
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To fill out the short sale addendum, follow these steps: 1. Start by reading the addendum thoroughly to understand its purpose and requirements. 2. Provide your personal details such as name, address, and contact information in the designated fields. 3. Identify the property in question by stating its address and legal description. 4. Include the name of the lender or mortgage holder who is approving the short sale. 5. Attach any necessary documents required by the addendum, such as financial statements or hardship letters. 6. Review the addendum once again to ensure all the required information is accurately filled out. 7. Sign and date the addendum, along with any other parties involved, such as the buyer, seller, and real estate agent. 8. Make copies of the completed addendum for all parties involved and keep one for your records.

Who needs this short sale addendum?

01
The short sale addendum is needed by individuals or parties involved in a short sale transaction. This can include homeowners who are facing financial hardship and unable to keep up with mortgage payments, as well as buyers who are interested in purchasing a property through a short sale. Lenders or mortgage holders who are approving the short sale may also require the use of this addendum as part of the documentation process. Real estate agents, attorneys, and other professionals involved in short sale transactions may also need to use this addendum to ensure all necessary terms and conditions are properly addressed.
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This short sale addendum is a document that outlines additional terms and conditions related to the short sale of a property.
The seller and buyer involved in a short sale transaction are typically required to file this short sale addendum.
The short sale addendum can be filled out by providing the required information such as property details, sales price, terms and conditions, and signatures of both parties.
The purpose of this short sale addendum is to ensure that all parties involved in the short sale transaction are aware of and agree to the additional terms and conditions.
Information such as property address, seller and buyer details, sales price, terms of the sale, and any special conditions must be reported on this short sale addendum.
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