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SHORT SALE ADDENDUM NO. TO REAL ESTATE PURCHASE CONTRACT Participating in a Short Sale may have negative legal or tax consequences. If you desire specific legal or tax advice, consult your attorney

How to fill out short sale addendum revision

How to fill out short sale addendum revision

1. To fill out a short sale addendum revision point by point, follow these steps:
2. Start by reviewing the existing short sale addendum and understanding the changes that need to be made.
3. Take note of the revisions that need to be incorporated and any additional information that may be required.
4. Begin by entering the necessary details, such as the names of the parties involved and the property address.
5. Clearly indicate the revisions being made in the appropriate sections of the addendum.
6. Make sure to provide a detailed explanation for each revision, if required.
7. Double-check all the filled-out information and ensure its accuracy.
8. Seek legal advice or assistance if you are unsure about any aspect of the addendum revision.
9. Once the addendum is complete, sign and date it to make it legally binding.
10. Provide copies of the revised addendum to all parties involved, including the buyer, seller, and any relevant agents or attorneys.
11. Keep a copy of the revised addendum for your records.

Who needs short sale addendum revision?

1. Short sale addendum revision may be needed by various parties involved in a short sale transaction.
2. This includes:
3. - Homeowners or sellers who are pursuing a short sale to avoid foreclosure.
4. - Buyers who have made an offer on a property involved in a short sale.
5. - Real estate agents or brokers representing either the buyer or seller in a short sale.
6. - Attorneys handling the legal aspects of the short sale.
7. - Lenders or financial institutions involved in the short sale process.

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What is short sale addendum revision?

Short sale addendum revision is a document that updates and makes changes to the original short sale addendum in a real estate transaction.

Who is required to file short sale addendum revision?

The parties involved in the real estate transaction, such as the buyer, seller, and their respective agents, are required to file the short sale addendum revision.

How to fill out short sale addendum revision?

To fill out the short sale addendum revision, one must make the necessary changes to the original addendum, indicate the revisions clearly, and have all parties involved sign the document.

What is the purpose of short sale addendum revision?

The purpose of the short sale addendum revision is to ensure that any changes or updates to the original addendum are documented and acknowledged by all parties involved in the transaction.

What information must be reported on short sale addendum revision?

The information reported on the short sale addendum revision will depend on the specific changes being made, but generally, it should include details of the revisions, dates, and the signatures of all parties involved.