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Este es un anexo al Contrato de Compra y Venta de Bienes Raíces que describe los términos y condiciones aplicables a una venta corta, donde el precio de compra es inferior a las deudas del vendedor
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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
Obtain the short sale addendum form from your real estate agent or local real estate board.
02
Read through the entire addendum to understand its sections and requirements.
03
Fill in your property address and pertinent details about the sale.
04
Specify the terms of the short sale, including the proposed sale price and any contingencies.
05
Add information related to the current mortgage holder, including account numbers if needed.
06
Include an explanation of the financial hardship that has led to the short sale.
07
Sign and date the addendum to validate the terms outlined.

Who needs short sale addendum to?

01
Homeowners who are facing financial difficulties and wish to sell their property for less than what is owed on the mortgage.
02
Real estate agents working with clients who are conducting short sales.
03
Lenders or mortgage servicers involved in approving short sales.

What is Short Sale Addendum to Contract for the Purchase and Sale of Real Estate Form?

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The short sale addendum is a supplementary document that outlines specific terms and conditions related to the sale of a property that is being sold for less than the outstanding mortgage balance.
The seller of the property, often with the assistance of their real estate agent, is required to file the short sale addendum as part of the short sale process.
To fill out a short sale addendum, the seller should provide detailed information about the property, the loan involved, and the specific terms agreed upon between the buyer, seller, and lender. It's usually best to consult a real estate professional for guidance.
The purpose of the short sale addendum is to ensure that all parties are clear on the terms of the sale, particularly regarding the approval of the sale by the lender and any potential deficiencies that may arise from the transaction.
The short sale addendum must report information such as the property's address, loan information, the seller's financial situation, and details about any offers received, as well as terms related to lender approval.
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