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Get the free NOTE: The Back-Up Contract Addendum (form 2A1-T) should NOT be used in conjunction w...

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The NC Real Estate Commission also requires the Seller s Agent to inform Lienholders of all offers and contracts of sale on the Property received after a request for a Short Sale has been submitted by such Agent to any Lienholder. Further if during the Short Sale process a foreclosure proceeding is filed the Seller shall disclose such foreclosure filing to the Buyer. Short Sale Approval Risks Buyer and Seller understand and agree that No Lienholder is required or obligated to approve a Short...
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Note the back-up contract is a secondary contract that is used if the original contract falls through for any reason.
The parties involved in the original contract are required to file the back-up contract.
The back-up contract should be filled out with the same terms and conditions as the original contract.
The purpose of the back-up contract is to ensure that there is a plan in place in case the original contract is not fulfilled.
The back-up contract must include the names of the parties, terms of the agreement, and signatures of all parties involved.
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2015 2016 North_Carolina lienholders lienholder 2a14 llc nc timeliness 2a1 notifies adequacy hereunder iii liens thirtieth lender refundable refunded jointly acknowledges realtors inserting complying addendum amended omission substitution foreclosure null

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