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NV Short Sale Addendum free printable template

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NEVADA 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 NV Short Sale Addendum

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How to fill out NV Short Sale Addendum

01
Obtain the NV Short Sale Addendum form from your real estate agent or local real estate office.
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
Indicate the reason for the short sale in the designated section.
05
Include the details of the mortgage lender(s) and their contact information.
06
Specify the list price for the property as agreed upon by the sellers and the agent.
07
Outline any agreed-upon timelines for the sale and submission to the lender.
08
Review the addendum for any additional terms or conditions that apply.
09
Have all parties involved (sellers and agent) sign and date the document.
10
Submit the signed addendum to the lender along with the other short sale paperwork.

Who needs NV Short Sale Addendum?

01
Homeowners looking to sell their property for less than the amount owed on their mortgage.
02
Real estate agents representing sellers in short sale transactions.
03
Mortgage lenders evaluating short sale requests for approval.
04
Buyers interested in purchasing a property through a short sale.
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The NV Short Sale Addendum is a legal document used in Nevada real estate transactions that allows a seller to seek approval from their lender to sell their property for less than the amount owed on the mortgage.
The seller of the property is required to file the NV Short Sale Addendum when they are attempting to complete a short sale.
To fill out the NV Short Sale Addendum, the seller must provide information about the property, the mortgage details, the current financial situation, and obtain necessary signatures from all parties involved.
The purpose of the NV Short Sale Addendum is to formally notify the lender of the seller's intent to pursue a short sale and to outline the terms of the sale for consideration.
The NV Short Sale Addendum must report details such as the property's address, the loan information, the seller's financial condition, and any relevant agreements with potential buyers.
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