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SHORT SALE ADDENDUM TO LISTING CONTRACT The printed portion of this contract has been approved by the ARIZONA ASSOCIATION OF REALTORS (AAR) This is intended to be a binding contract. No representation
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How to Fill Out Short Sale Addendum To:

01
Start by carefully reading the short sale addendum form. Familiarize yourself with the sections and requirements outlined in the document.
02
Begin filling out the form by providing the necessary information about the property. This typically includes the address, legal description, and tax parcel number.
03
Identify the parties involved in the transaction. This may include the buyer, seller, real estate agents, lenders, and any other relevant individuals or entities. Fill in their contact details as required.
04
Review the terms and conditions of the agreement. Pay close attention to any special provisions or contingencies mentioned in the addendum. Make sure to understand and comply with all the obligations and deadlines stated.
05
If there are any changes or additional agreements to be made, clearly document them in the appropriate sections of the addendum. This could involve specifying repair requests, modifications to closing dates, or any other relevant negotiations.
06
Consider seeking professional advice if you have any uncertainties or legal concerns while filling out the addendum. Real estate attorneys or experienced real estate agents can provide valuable guidance.
07
Once completed, review the filled out form thoroughly for accuracy and completeness. Double-check all entries and ensure that all required fields are duly filled.
08
Sign and date the addendum as appropriate. Depending on the specific circumstances, each party involved may need to sign separately or collectively. Make sure all signatures are obtained.
09
Keep a copy of the filled out addendum for your records. Share copies with all parties involved in the transaction, as necessary. This helps ensure that everyone is aware of and agrees to the agreed-upon terms.

Who Needs Short Sale Addendum To:

01
Homeowners attempting to sell their property through a short sale process, where the proceeds from the sale fall short of the outstanding mortgage balance.
02
Potential buyers or investors interested in acquiring a property through a short sale transaction.
03
Real estate agents and brokers involved in facilitating short sale transactions on behalf of their clients.
04
Lenders or financial institutions that hold mortgage liens on properties involved in short sale transactions.
05
Any other relevant parties, such as attorneys, escrow companies, or title companies, who are participating in or overseeing the short sale process.
Note: It's important to consult with a real estate professional or legal expert to fully understand the specific requirements and regulations related to short sale transactions in your jurisdiction.
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Short sale addendum is an additional document added to a purchase agreement to outline the specific terms and conditions related to a short sale transaction.
The seller and buyer involved in a short sale transaction are required to file the short sale addendum.
The short sale addendum should be completed by providing all the necessary information requested, including details about the property, pricing, and any special terms related to the short sale.
The purpose of the short sale addendum is to ensure that all parties involved in the short sale transaction are aware of and agree to the specific terms and conditions related to the sale.
The short sale addendum must include information such as the property address, purchase price, closing date, and any contingencies related to the sale.
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