We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
Read more
Accept

Georgia Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate

Category:
Real Estate - Contracts - Addendums
State:
Multi-State
Control #:
US-01185BG
Format:
Word; 
Rich Text
Instant download
Buy now

Description

In real estate, a short sale occurs when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor (i.e., the seller). Circumstances determine whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower's financial situation. A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing.


This form is a sample of an Addendum to a standard real estate sales contract in order to incorporate the short sales provisions. This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.

Free preview
  • Preview Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate
  • Preview Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate
  • Preview Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate

Related forms

form-preview
North Dakota Landlord Tenant Relationship Questionnaire for Landlords

North Dakota Landlord Tenant Relationship Questionnaire for Landlords

View this form
form-preview
Ohio Landlord Tenant Relationship Questionnaire for Landlords

Ohio Landlord Tenant Relationship Questionnaire for Landlords

View this form
form-preview
Oklahoma Landlord Tenant Relationship Questionnaire for Landlords

Oklahoma Landlord Tenant Relationship Questionnaire for Landlords

View this form
form-preview
Oregon Landlord Tenant Relationship Questionnaire for Landlords

Oregon Landlord Tenant Relationship Questionnaire for Landlords

View this form
form-preview
Pennsylvania Landlord Tenant Relationship Questionnaire for Landlords

Pennsylvania Landlord Tenant Relationship Questionnaire for Landlords

View this form

Viewed forms

form-preview
MANUFACTURE OF A CONTROLLED SUBSTANCE

MANUFACTURE OF A CONTROLLED SUBSTANCE

View this form
form-preview
Idaho Bill of Sale Package

Idaho Bill of Sale Package

View this form
form-preview
Agreement Between Publisher and Author

Agreement Between Publisher and Author

View this form
form-preview
Invoice Template for Truck Driver

Invoice Template for Truck Driver

View this form
form-preview
18 U.S.C. Sec. 2423(A) TRANSPORTATION OF...

18 U.S.C. Sec. 2423(A) TRANSPORTATION OF MINORS WITH INTENT TO ENGAGE IN CRIMINAL SEXUAL ACTIVITY

View this form
form-preview
7.10 Fourth Amendment: Excessive Force Aga...

7.10 Fourth Amendment: Excessive Force Against Arrestee - Definition of "Unreasonable".

View this form
form-preview
Services Agreement between WPI Group, Inc....

Services Agreement between WPI Group, Inc., Warner Power LLC and Warner Power Conversion LLC

View this form
form-preview
Waiver and Release From Liability For Adul...

Waiver and Release From Liability For Adult for Fairgrounds Owner

View this form
form-preview
Partial Release of Lease

Partial Release of Lease

View this form
form-preview
Assignment of Employment Contracts by Cor...

Assignment of Employment Contracts by Corporation Pursuant to Merger or Consolidation

View this form

How to fill out Short Sale Addendum To Contract For The Price, Purchase And Sale Of Real Estate?

If you wish to obtain, download, or print authoritative document templates, utilize US Legal Forms, the most comprehensive collection of legal forms available online.

Employ the site's straightforward and convenient search feature to find the documents you need. Various templates for business and personal purposes are sorted by categories and states, or keywords. Use US Legal Forms to acquire the Georgia Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate in just a few clicks.

If you are already a US Legal Forms user, Log In to your account and click the Download button to retrieve the Georgia Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate. You can also access forms you've previously saved from the My documents tab in your account.

Every legal document template you purchase is yours forever. You have access to every form you saved in your account. Click on the My documents section and select a form to print or download again.

Stay competitive and download, and print the Georgia Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate using US Legal Forms. There are millions of professional and state-specific forms available for your business or personal needs.

  1. Step 1. Ensure you have selected the form for the correct city/state.
  2. Step 2. Utilize the Preview option to review the form's content. Be sure to read the description.
  3. Step 3. If you are not satisfied with the form, use the Search field at the top of the screen to find other versions of the legal form template.
  4. Step 4. Once you have found the form you need, click the Get Now button. Select the pricing plan you prefer and enter your details to create an account.
  5. Step 5. Complete the purchase. You can use your credit card or PayPal account to finalize the transaction.
  6. Step 6. Choose the format of the legal form and download it to your device.
  7. Step 7. Complete, modify, and print or sign the Georgia Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate.

Form popularity

FAQ

A short sale is when a mortgage lender agrees to accept a mortgage payoff amount less than what is owed in order to facilitate a sale of the property by a financially distressed owner. The lender forgives the remaining balance of the loan.

A short sale addendum is a critical document in many short sale transactions because it provides the details regarding some of the following:Contingencies upon which a contract can be canceled or executed. Bank's approval of the short sale. Specific time period the buyer is willing to wait for short sale approval.

What's the purpose of the TREC-approved Short Sale Addendum? To create provisions related to the lienholder's consent to the sale.

Buyer contingencies are the most common addenda, according to Justin Ostow, a top real estate agent in Tampa, Florida, who completes 10% more sales than the average agent. Contingencies dictate certain conditions which must be met for the contract to go through.

Tips for Writing an AddendumEnforceable. Before you write an addendum, you should have an attorney verify it is the correct solution.Formatting. Use the same formatting as the original contract.Language.Title of the Addendum.Date.Specific List of Changes.Concluding Paragraph.Signature Block.More items...?

What is an Addendum To Purchase And Sale Agreement? An addendum to purchase and sale agreement is a kind of attachment to a real estate contract that adds new terms and conditions to the original contract. An addendum to purchase and sale agreement can be attached to a contract to modify the actual terms.

How to Create a Purchase Addendum (4 steps)Step 1 Get the Original Purchase Agreement. The buyer and seller should get a copy of the original purchase agreement.Step 2 Write the Addendum. Complete a blank addendum (Adobe PDF, Microsoft Word (.Step 3 Parties Agree and Sign.Step 4 Add to the Purchase Agreement.

An example of an addendum being used would be if the parties wanted to add something to the original document. For instance, an individual who is purchasing a house may not want to purchase all of the furniture that is being left behind. However, after thinking about it further, he changes his mind.

Writing a Contract Addendum Name the parties to the contract. Indicate the addendum's effective date, using the same date format used in the original contract. Indicate the elements of the original contract that the addendum intends to change. Concisely but clearly describe the desired changes.

Georgia Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate Related Searches

  • Real estate Buyout Agreement PDF
  • Addendum to real estate purchase contract
  • New Jersey real estate contract addendum
  • Sale of property agreement
  • Addendum to purchase Agreement
  • Addendum to add buyer to contract
  • Addendum to agreement of sale
  • Change in terms addendum to agreement of sale pdf

Trusted and secure by over 3 million people of the world’s leading companies

Georgia Short Sale Addendum to Contract for the Price, Purchase and Sale of Real Estate
Buy now