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SHORT SALE ADDENDUM To the Agreement of Sale This is an Addendum to the Agreement of Sale dated by and between (Seller s “) and (“Buyer s “) for the property located at (Property “). The terms

How to fill out short saleshort sale addenda

To fill out a short sale addenda, follow these steps:

1. Gather all necessary information and documents related to the short sale. This may include the property address, loan information, and any financial statements or hardship letters.
2. Review the short sale addenda carefully, paying attention to any specific instructions or requirements. This will ensure that you provide accurate and complete information.
3. Start by filling out the basic information section, including your name, contact information, and the date. If there are multiple parties involved, such as buyers and sellers, make sure to include their information as well.
4. Next, clearly state the terms and conditions of the short sale. This may include the agreed upon purchase price, the timeframe for completing the sale, and any contingencies.
5. Provide a detailed description of the property, including its condition, any known defects, and any additional fixtures or amenities that will be included in the sale.
6. If there are any specific financial considerations, such as seller concessions or the allocation of closing costs, make sure to include these details in the addenda.
7. Lastly, review the completed addenda to ensure accuracy and make any necessary corrections before signing and submitting it.

Anyone involved in a short sale transaction may need to fill out and sign the short sale addenda. This typically includes the seller, buyer, and any real estate agents or attorneys involved in the transaction. The addenda serve as a legally binding agreement between all parties and help to clarify the terms and conditions of the short sale.

For pdfFiller’s FAQs

What is short sale addenda?

Short sale addenda are additional documents that are attached to a real estate purchase agreement when a property is being sold for less than the amount owed on the mortgage.

Who is required to file short sale addenda?

The seller, buyer, and real estate agents involved in a short sale transaction are required to file short sale addenda.

How to fill out short sale addenda?

Short sale addenda are typically filled out by the seller's agent or the seller themselves, and include details about the short sale transaction such as the purchase price, terms of the sale, and any contingencies.

What is the purpose of short sale addenda?

The purpose of short sale addenda is to provide additional documentation and information about a short sale transaction to ensure all parties are fully informed and protected.

What information must be reported on short sale addenda?

Information such as the purchase price, mortgage balance, closing date, and any special terms or conditions of the sale must be reported on short sale addenda.

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