Michigan Short Sale Addendum 2026

1. Click ‘Get Form’ to open the Michigan Short Sale Addendum in the editor.
2. Begin by entering the date at the top of the form, followed by the property address and names of the seller and buyer. Ensure all information is accurate as it forms the basis of your agreement.
3. In Section 1, review and confirm that you understand the contingencies regarding mortgagee approval. This section outlines that the sale is contingent upon written agreement from mortgagees to accept less than owed.
4. Proceed to Section 2, where you can note any conditions under which either party may terminate the agreement if mortgagee consent is not obtained.
5. In Section 3, specify a timeframe for obtaining written consent from all mortgagees. This is crucial for protecting both parties' interests.
6. Complete Sections 5 and 6 by selecting options regarding timeframes and listing status once an agreement is reached.
7. Finally, ensure all parties sign and date at the bottom of the form. This finalizes your addendum and makes it legally binding.

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