OH Short Sale Addendum to Purchase Agreement free printable template
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SHORT SALE ADDENDUM TO PURCHASE AGREEMENT
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45This is an Addendum to the Residential Purchase
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How to fill out ohio addendum purchase agreement
How to fill out OH Short Sale Addendum to Purchase Agreement
01
Begin by obtaining the OH Short Sale Addendum document from your real estate agent or download it from an official website.
02
Fill in the property address and any necessary identifying information about the purchase agreement.
03
Clearly state the purchase price you are offering for the property.
04
Include contingencies that may impact the sale, such as financing or inspection contingencies.
05
Specify any deadlines for the seller to respond to your offer.
06
Ensure that all parties involved in the transaction sign and date the addendum.
07
Submit the completed addendum along with the purchase agreement to the seller's agent.
Who needs OH Short Sale Addendum to Purchase Agreement?
01
Buyers interested in purchasing a property that is conducted as a short sale.
02
Sellers who are attempting to sell their property for less than the amount owed to their lender.
03
Real estate agents representing either buyers or sellers in a short sale transaction.
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What is OH Short Sale Addendum to Purchase Agreement?
The OH Short Sale Addendum to Purchase Agreement is a legal document that is used in real estate transactions where a homeowner seeks to sell their property for less than the amount owed on their mortgage, with the lender's approval.
Who is required to file OH Short Sale Addendum to Purchase Agreement?
The seller of the property, or their real estate agent, is required to file the OH Short Sale Addendum to Purchase Agreement in situations where a short sale is being pursued.
How to fill out OH Short Sale Addendum to Purchase Agreement?
To fill out the OH Short Sale Addendum, the seller should provide the necessary details regarding the property, mortgage balances, and terms of the sale. This includes information about the listing price, all liens against the property, and the consent of the lender.
What is the purpose of OH Short Sale Addendum to Purchase Agreement?
The purpose of the OH Short Sale Addendum to Purchase Agreement is to outline the terms under which the short sale will be conducted and to protect all parties involved by ensuring that the lender agrees to accept less than the full mortgage amount.
What information must be reported on OH Short Sale Addendum to Purchase Agreement?
The OH Short Sale Addendum must report information including the property address, listing price, seller's mortgage details, lender's approval requirements, and any other financial disclosures necessary for the short sale process.
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