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SHORT SALE ADDENDUM THIS ADDENDUM AMENDS THE CONTRACT FOR SALE AND PURCHASE OF REAL PROPERTY In the event of inconsistencies between this Addendum and the Contract For Sale And Purchase of Real Property
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How to fill out short sale addendum

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How to fill out short sale addendum:

01
Review the addendum document thoroughly to understand its purpose and requirements.
02
Make sure you have all the necessary information and documentation related to the short sale transaction.
03
Begin by entering the date and the names of the buyer and seller at the top of the addendum.
04
Specify the property address and legal description accurately in the designated sections.
05
Clearly state the terms and conditions of the short sale, including the purchase price, earnest money deposit, and any contingencies.
06
If there are any special provisions or conditions that need to be included, such as repairs or concessions, ensure they are clearly stated in the addendum.
07
Sign and date the addendum once it has been completed, and make sure both the buyer and seller do the same.
08
Retain a copy of the addendum for your records and provide copies to all parties involved in the short sale transaction.

Who needs short sale addendum:

01
Homeowners who are facing financial hardship and are unable to keep up with their mortgage payments.
02
Lenders or mortgage servicers who are willing to negotiate with the homeowner to accept a sale price lower than the outstanding mortgage balance.
03
Buyers who are interested in purchasing a property through a short sale, as it helps outline the specific terms and conditions of the transaction and protect their interests.
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A short sale addendum is a document that is added to a real estate contract when a property is being sold as a short sale, meaning the sale price is less than what is owed on the mortgage.
Both the seller and the buyer are required to file the short sale addendum as part of the real estate contract.
The short sale addendum should be filled out with all relevant information about the short sale transaction, including details about the property, the sale price, and any required disclosures.
The purpose of the short sale addendum is to outline the specific terms and conditions of the short sale transaction, protecting both the seller and the buyer.
The short sale addendum must include information such as the property address, sale price, any required repairs or disclosures, and any special terms or conditions of the sale.
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HUD-1 supercede effectuate BROWARD ShorSaleAddendum Lenders indebtedness liens hereto discounted Lender acknowledges REALTORS ADDENDUM approving inconsistencies incurred provision approves contingent inconsistent thereafter exceed delays Sellers

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