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SHORT SALE ADDENDUM TO EXCLUSIVE LISTING AGREEMENT New Hampshire Association of REALTORS Standard Form This Addendum is made part of the Exclusive Listing Agreement (Agreement) between (SELLER) and
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How to fill out short sale addendum to

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How to fill out short sale addendum to:

01
Start by carefully reviewing the terms and conditions of the short sale addendum. Make sure you understand all the clauses and requirements mentioned in the document.
02
Gather all the necessary information and documentation related to the short sale transaction. This may include the property details, authorization forms, financial statements, and any other supporting documents requested in the addendum.
03
Begin by filling out the basic information section of the addendum, such as the buyer's and seller's name, property address, and the date of the agreement.
04
Proceed to the specific terms section of the addendum, which may include details about the purchase price, earnest money deposit, closing date, and any additional contingencies or conditions.
05
Carefully read through each clause and provide the required information or check the appropriate boxes as per your specific situation. For example, if there are any repair obligations, make sure to accurately describe them in the addendum.
06
If there are any special provisions or addendums that need to be attached to the short sale addendum, make sure to include them and reference them in the appropriate section.
07
Once you have completed filling out the addendum, review it thoroughly to ensure accuracy and completeness. Make any necessary revisions or additions before finalizing the document.
08
Sign the short sale addendum in the designated section and ensure that all required parties, such as the buyer, seller, and real estate agents, also sign the document.
09
Keep a copy of the signed addendum for your records and submit the original document to the appropriate party, such as the lender or closing agent, as instructed in the addendum.

Who needs short sale addendum to:

01
Homeowners who are considering selling their property through a short sale, which is a situation where the sale proceeds are less than the outstanding mortgage balance.
02
Buyers who are interested in purchasing a property through a short sale transaction.
03
Real estate agents or brokers who are representing the seller or the buyer in a short sale transaction.
04
Lenders or mortgage servicers that are involved in the short sale process and require additional documentation or specific terms and conditions to be included in the agreement.
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Short sale addendum is added to a real estate purchase agreement.
The lender or seller may require the buyer to file a short sale addendum.
The short sale addendum should be filled out with accurate information regarding the sale of the property.
The purpose of a short sale addendum is to provide additional terms and conditions specific to the short sale transaction.
Information such as sale price, closing date, and any conditions related to the short sale must be reported on the addendum.
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