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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 located
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How to fill out missouri short sale addendum

01
To fill out the Missouri Short Sale Addendum, follow these steps:
02
Obtain the Missouri Short Sale Addendum form, either from a real estate agent or from an online source.
03
Read the form carefully to understand the purpose and requirements of the addendum.
04
Write the date on which the addendum is being filled out.
05
Enter the name of the seller and the seller's contact information.
06
Enter the name of the buyer and the buyer's contact information.
07
Provide a detailed description of the property being sold, including its address and legal description.
08
Specify the terms and conditions of the short sale, including any agreed-upon changes to the original purchase agreement.
09
Include any special provisions or contingencies related to the short sale.
10
Both the seller and the buyer must sign and date the addendum.
11
Make copies of the completed addendum for all parties involved, including the real estate agent and any attorneys representing the buyer or seller.
12
Submit the completed addendum to the appropriate parties, such as the lender, the buyer's agent, and the seller's attorney.
13
Note: It is recommended to seek legal advice or consultation from a real estate professional when filling out the Missouri Short Sale Addendum.

Who needs missouri short sale addendum?

01
The Missouri Short Sale Addendum is typically needed in situations where a seller is attempting to sell a property for less than the outstanding balance on the mortgage. This addendum is used to inform all parties, including the lender, about the intention to conduct a short sale. It is required when the seller and buyer have agreed to modify the original purchase agreement to include terms and conditions specific to a short sale. Real estate agents, attorneys, and sellers involved in short sale transactions in Missouri would need the Missouri Short Sale Addendum.
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Missouri short sale addendum is a document attached to a real estate contract that outlines specific terms and conditions related to a short sale transaction.
The seller and buyer are required to file the Missouri short sale addendum when completing a short sale transaction.
To fill out the Missouri short sale addendum, both the seller and buyer must carefully read and complete all sections, including any required signatures.
The purpose of the Missouri short sale addendum is to clearly outline the terms and conditions of a short sale transaction to protect both parties involved.
The Missouri short sale addendum must include information such as the sale price, closing date, and any additional terms or disclosures related to the short sale transaction.
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