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  • Understanding Of Short Sale Transaction Affidavit & Disclosure 2013

Get Understanding Of Short Sale Transaction Affidavit & Disclosure 2013-2025

Borrower: Co-Borrower: I (we) acknowledge and affirm that because of a prolonged severe hardship that has no foreseeable positive resolution forthcoming and which cannot be cured through the construction of a temporary loan repayment plan, forbearance agreement, or mortgage modification; I (we), also referred to here as the borr.

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A short sale is a transaction in which the seller does not actually own the stock that is being sold. Instead, it is borrowed from the broker-dealer through which they are placing the sell order. The seller must then buy back the stock at some point in the future.

The impact of a short sale on your credit While the exact amount your credit score declines depends on your credit history and the type of scoring system a credit agency uses, it can often drop between 100 and 150 points. Those with a higher score initially are likely to see a greater decline.

Lana is a listing agent about to list her first short sale. Why might she want to obtain an O&E report prior to listing this property? It provides a list of encumbrances on the property.

If you're experiencing financial difficulties, a short sale might be an appealing option. But when going through this process, you must have all the correct documentation. In other words, you need a short sale addendum. A short sale addendum ensures that all short sale details are included within the sales agreement.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232