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Short Sale Addendum to Agreement of Sale This Short Sale Addendum to Agreement of Sale is made by and between (Seller) And (Buyer) For the Property known as: (Property) 1. ACKNOWLEDGMENT OF SHORT
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01
Begin by downloading or obtaining a copy of the short sale addendum form.
02
Read through the form carefully to understand the information required and any specific instructions.
03
Fill out the header section of the form, including your name, contact information, and the date.
04
Provide details about the property being sold, such as the address and legal description.
05
Indicate the terms of the short sale, including the purchase price, earnest money deposit, and financing details.
06
Disclose any additional terms or conditions that you want to include in the agreement.
07
Obtain any necessary signatures from all parties involved, such as the buyer, seller, and real estate agent.
08
Make copies of the completed addendum for your records and for any other parties who require a copy.
09
Submit the filled-out addendum to the appropriate parties, such as your real estate agent or the lender.
10
Keep a record of the submitted addendum and follow up as necessary to ensure its processing and acceptance.

Who needs short sale addendum to?

01
Anyone involved in a short sale transaction may need a short sale addendum. This includes both buyers and sellers participating in a short sale of a property. The addendum serves as a formal document to outline the terms and conditions specific to the short sale, which may differ from a traditional sale. Lenders and real estate agents involved in the transaction may also require the use of a short sale addendum to properly document and process the sale.
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Short sale addendum is a document that is added to a real estate contract to address specific issues related to a short sale transaction.
The seller, buyer, and lender are typically required to file the short sale addendum.
The short sale addendum is typically filled out by the real estate agent or attorney representing the seller.
The purpose of a short sale addendum is to outline the terms and conditions of the short sale transaction, as well as any additional requirements or provisions.
Information such as the purchase price, closing date, and any contingencies must be reported on the short sale addendum.
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