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KY Short Sale Addendum free printable template

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KENTUCKY 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 kentucky addendum pdf form

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How to fill out KY Short Sale Addendum

01
Begin by obtaining the KY Short Sale Addendum form from your real estate agent or local real estate board.
02
Fill in the property address in the designated field.
03
Provide the seller's information, including names and contact details.
04
Specify the lender's name and contact information, as well as the loan details.
05
Indicate the purchase price agreed upon by the buyer and seller.
06
Attach any necessary documentation, such as a copy of the purchase agreement and financial hardship letter.
07
Review the addendum for completeness and accuracy.
08
Sign and date the addendum, ensuring both parties do the same.
09
Submit the addendum to the lender for approval as part of the short sale process.

Who needs KY Short Sale Addendum?

01
Homeowners who are facing financial difficulties and need to sell their property for less than the amount owed on the mortgage.
02
Real estate agents assisting sellers with short sale transactions.
03
Lenders that require documentation for processing short sale requests.
04
Buyers interested in purchasing properties undergoing a short sale.
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The KY Short Sale Addendum is a document used in real estate transactions in Kentucky that outlines the terms and conditions of a short sale, allowing the seller to sell a property for less than the amount owed on the mortgage.
The seller of the property and their real estate agent are typically required to file the KY Short Sale Addendum.
To fill out the KY Short Sale Addendum, the seller must provide details such as the property address, the lienholder's information, the proposed sale price, and any required disclosures.
The purpose of the KY Short Sale Addendum is to provide clarity and legal protection for both the buyer and seller during a short sale transaction, outlining necessary conditions for the sale to proceed.
The KY Short Sale Addendum must report information including property details, current mortgage amounts, lienholders, proposed sale terms, and any other pertinent financial disclosures.
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