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MT Short Sale Addendum free printable template

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MONTANA SHORT SALE ADDENDUM I. The Parties. This Short Sale Addendum (Addendum) is to be made part of the Purchase Agreement dated, 20 (Agreement) made between (Seller) and (Buyer) for the property
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How to fill out MT Short Sale Addendum

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How to fill out MT Short Sale Addendum

01
Begin by obtaining the MT Short Sale Addendum form from a reliable source.
02
Fill in the property address at the top of the form.
03
Provide the names of all sellers involved in the short sale.
04
Include any necessary property details, such as the recommended listing price.
05
Ensure to outline any terms and conditions related to the sale clearly.
06
Attach any required financial documentation to support the short sale.
07
Review the completed addendum for accuracy and clarity.
08
Have all parties sign the document where indicated.

Who needs MT Short Sale Addendum?

01
Homeowners who are in financial distress and need to sell their property for less than the amount owed on their mortgage.
02
Real estate agents or brokers facilitating short sales on behalf of their clients.
03
Lenders or banks that require formal documentation for processing short sales.
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The MT Short Sale Addendum is a legal document used in real estate transactions that outlines specific terms and conditions related to short sales. It provides additional information and stipulations that must be adhered to by all parties involved in the sale of a property that is being sold for less than the amount owed on its mortgage.
The MT Short Sale Addendum must be filed by the seller of the property, typically in collaboration with their real estate agent. Additionally, the buyer may also be involved in the process, as their agreement to the terms outlined in the addendum is necessary for the transaction to proceed.
To fill out the MT Short Sale Addendum, the seller and their real estate agent should complete the required sections by providing detailed information about the property, the reason for the short sale, the proposed sale price, and any contingencies that may apply. It is essential to include all necessary signatures and dates.
The purpose of the MT Short Sale Addendum is to clarify the terms of the short sale agreement between the seller and the buyer, ensuring that both parties understand their obligations and the conditions under which the sale will be completed. It also serves to inform lenders of the terms of the sale.
The MT Short Sale Addendum must report information such as the property address, the current mortgage balance, the listing price, the reason for the short sale, any proposed changes to the contract, and disclosures regarding the property condition or potential liens. Additionally, signatures from both the seller and buyer are required.
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