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SHORT SALE ADDENDUM TO EXCLUSIVE RIGHT TO SELL LISTING AGREEMENT (to be used with NEAR standard form 101 or 103) Property Address: The additional provisions set forth below are hereby made a part
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How to fill out short sale addendum

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How to fill out short sale addendum:

01
Obtain the short sale addendum form. This form can typically be obtained from your real estate agent, attorney, or the lender handling the short sale.
02
Read the instructions. The short sale addendum may come with specific instructions on how to fill it out correctly. Make sure to read these instructions carefully before proceeding.
03
Provide your personal information. The short sale addendum will require you to provide your name, address, contact information, and any other relevant personal details.
04
Include the property information. You will need to provide the address of the property being sold, as well as any other pertinent details such as the legal description or unique identifiers.
05
List any additional terms or conditions. If there are any specific terms or conditions that need to be included in the short sale agreement, make sure to clearly state them in the appropriate section of the addendum.
06
Sign and date the addendum. Once you have completed filling out the short sale addendum, sign your name and provide the date of signing. Depending on the requirements, you may need to obtain additional signatures from other parties involved in the short sale process.
07
Submit the completed addendum. Make copies of the signed addendum for your records, and then submit the original to the appropriate party, whether it is your real estate agent, attorney, or the lender.

Who needs short sale addendum?

01
Homeowners facing financial hardship. If you are a homeowner who is unable to make your mortgage payments and is considering a short sale, you will likely need to fill out a short sale addendum.
02
Real estate agents. Real estate agents working with clients who are selling their homes through a short sale may need to use a short sale addendum to ensure the proper terms and conditions are included in the sale agreement.
03
Lenders or mortgage holders. Lenders or mortgage holders who are approving or negotiating a short sale transaction may require the use of a short sale addendum to document any additional terms or conditions specific to the sale.
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Short sale addendum is a form used in real estate transactions where the seller agrees to sell a property for less than the amount owed on the mortgage.
The seller, buyer, and the lender are typically required to file a short sale addendum.
The short sale addendum can be filled out by inputting relevant information about the property, the seller, the buyer, and the terms of the sale.
The purpose of a short sale addendum is to provide a written agreement between the parties involved in the short sale transaction.
The short sale addendum must include details about the property, seller, buyer, purchase price, and any other terms agreed upon by the parties.
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