SHORT SALE ADDENDUM TO THE PURCHASE AND SALES AGREEMENT ... 2026

1. Click ‘Get Form’ to open the SHORT SALE ADDENDUM in our editor.
2. Begin by filling in the date of the Purchase Agreement and the names of both the Seller and Buyer in Section I. Ensure accuracy as this establishes the parties involved.
3. In Section II, indicate the number of days allowed for obtaining written consent from creditors. This is crucial for ensuring compliance with creditor requirements.
4. Review Section III carefully. Here, you can outline conditions under which the Buyer may terminate the Agreement. Make sure to check all applicable options.
5. Proceed to Section IV, where you will confirm that all deadlines are aligned with when the Buyer receives creditor consent. Adjust any dates as necessary.
6. In Section V, note if there are any other offers on the property. This section allows Sellers to continue marketing while keeping Buyers informed of potential competition.
7. Finally, complete Section VI by specifying either the Closing Date mentioned in the Agreement or a new date based on creditor consent notification.
8. Ensure all signatures are collected at the bottom of the form from both Buyer and Seller before finalizing.

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