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Get Short Sale Addendum To Purchase Agreement - Dlr Sd
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How to fill out the SHORT SALE ADDENDUM TO PURCHASE AGREEMENT - Dlr Sd online
This guide provides step-by-step instructions on how to fill out the Short Sale Addendum to Purchase Agreement online. This addendum is essential for all parties involved in a short sale, and understanding its components will facilitate a smoother transaction.
Follow the steps to complete the form effectively.
- Press the ‘Get Form’ button to access the Short Sale Addendum form online.
- In the first section, enter the full legal names of the Buyer and Seller as specified in the purchase agreement.
- Fill in the date when the purchase agreement was signed.
- Provide the complete address of the property involved in the transaction.
- Review the purpose of the addendum, ensuring it accurately represents the current financial situation regarding liens on the property.
- In the section regarding short sale acceptance, indicate the date by which Seller must obtain written consent from all Lienholders.
- Complete the Seller deadline section to detail when to submit the addendum to each Lienholder.
- Make sure to fill out the time periods for contingencies as outlined in the form.
- Review the additional obligations of both the Buyer and Seller, particularly in relation to potential costs and foreclosure notifications.
- Finalize the document by signing and dating at the bottom of the form. Ensure both Buyer and Seller signatures are included.
- Once completed, save the document securely, then download, print, or share it as necessary.
Get started on your short sale addendum journey by filling out the form online today!
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A standard short sale addendum generally addresses a number of items that are specific and unique to the agreement of sale. These may include: An acknowledgement that the transaction is a short sale, and that as such there are additional third parties that have an interest in the property being sold.
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