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41000 7Mile Rd Ste. 105 * Northville, Mi 48167 * Phone 248 9129990 * Fax 248 9129996 * realtor@tds.netAddendum to Short Sale Transaction 1.SHORT SALE APPROVAL The sale of the property is subject to
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How to fill out addendum to short sale
How to fill out addendum to short sale
01
Begin by identifying the property in question and including the address.
02
Clearly state the purpose of the addendum, whether it be to amend certain terms of the original agreement or to address new information.
03
Include all parties involved in the sale, their contact information, and their signatures to signify agreement to the addendum.
04
Outline the specific changes or additions being made to the original agreement in a clear and detailed manner.
05
Have a witness present during the signing of the addendum, if possible, to ensure legality and validity.
06
Make copies of the signed addendum for all parties involved for their records.
Who needs addendum to short sale?
01
Anyone undergoing a short sale process who wishes to make amendments or additions to the original sale agreement may need an addendum to short sale.
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What is addendum to short sale?
An addendum to a short sale is a document that provides additional terms or conditions related to the short sale transaction, often required by lenders during the approval process.
Who is required to file addendum to short sale?
Typically, the seller (borrower) is required to file the addendum, along with the buyer and any involved real estate agents, to ensure all parties acknowledge the terms.
How to fill out addendum to short sale?
To fill out an addendum to a short sale, enter the specific details regarding the property, terms of the sale, and any contingencies, ensuring all parties sign the document.
What is the purpose of addendum to short sale?
The purpose of an addendum to a short sale is to clarify, modify, or add to the terms of the original sale contract, ensuring all parties are aware of any extra conditions.
What information must be reported on addendum to short sale?
Information that must be reported includes property details, sale price, parties involved, terms of the sale, and any contingencies or conditions pertinent to the short sale agreement.
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