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SHORT SALE ADDENDUM TO PURCHASE AGREEMENT 1.ADDENDUM TO CONTRACT. This Short Sale Addendum (Addendum) is attached to and made a part of the purchase agreement (Purchase Agreement) between (Buyer)
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How to fill out short sale addendum to

01
Obtain a copy of the short sale addendum form from your real estate agent or the appropriate party.
02
Read through the entire document to familiarize yourself with its contents.
03
Fill out your personal information, including your name, address, and contact details.
04
Provide details about the property involved in the short sale, such as its address and legal description.
05
Specify the terms and conditions of the sale, including the purchase price, earnest money deposit, and financing provisions.
06
Disclose any known defects or issues with the property to the best of your knowledge.
07
Sign and date the addendum, indicating your agreement to its terms.
08
Make copies of the completed addendum for your records and for all relevant parties involved in the short sale process.

Who needs short sale addendum to?

01
Short sale addendum is typically needed by sellers who are selling their property through a short sale.
02
Buyers who are interested in purchasing a property through a short sale may also need to complete a short sale addendum.
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Short sale addendum is added to the purchase agreement.
The seller and buyer involved in a short sale transaction are required to file the short sale addendum.
The short sale addendum should be completed with all relevant information about the short sale transaction, including details about the property, purchase price, and any special terms or conditions.
The purpose of the short sale addendum is to outline the specific terms and conditions of a short sale transaction that are not covered in the standard purchase agreement.
Information such as the property address, purchase price, any liens or outstanding debts on the property, and any special conditions or contingencies related to the sale must be reported on the short sale addendum.
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