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SHORT SALE CONTINGENCY EXHIBIT 2016 Printing This Exhibit is part of the Agreement with an Offer Date of for the purchase and sale of that certain Property known as:, Georgia LY. O N 1. Terms. Buyer

How to fill out short sale contingency

How to fill out short sale contingency

1. Gather all necessary documents, including financial statements, tax returns, and bank statements.
2. Review the short sale agreement and contingency form provided by your real estate agent or attorney.
3. Fill out the short sale contingency form accurately and completely, providing all required information about the property and the terms of the contingency.
4. Attach any supporting documentation required by the form, such as proof of financial hardship or a pre-approval letter from the bank.
5. Submit the completed short sale contingency form to your real estate agent or attorney for review and submission to the seller's agent or bank.
6. Follow up with your agent or attorney to ensure the contingency is accepted and properly executed.
7. Monitor the progress of the short sale process and address any requests or requirements from the seller's agent or bank in a timely manner.
8. If the short sale is approved, proceed with the transaction as outlined in the contingency.
9. If the short sale is not approved, consider alternative options or negotiate with the seller to find a mutually agreeable solution.

Who needs short sale contingency?

1. Homeowners who are facing financial hardship and are unable to keep up with mortgage payments.
2. Buyers who are interested in purchasing a property at a lower price than the current market value.
3. Real estate investors looking for potential investment opportunities.
4. Sellers who owe more on their mortgage than the property is worth and want to avoid foreclosure.
5. Homeowners who are relocating and need to sell their property quickly.

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