Home
Forms Library
Alaska Short Sale Addendum to Purchase Agreement

Alaska Short Sale Addendum to Purchase Agreement 2025

Alaska Short Sale Addendum to Purchase Agreement Preview on Page 1

See details

4.6 out of 5

35 votes

The Alaska Short Sale Addendum outlines the terms and conditions for a short sale agreement between a Seller and Buyer for a property in Alaska. It specifies that the sale is contingent upon obtaining written consent from the Seller's creditors, with a defined timeframe for this process. The Buyer has the right to terminate the agreement if consent is not obtained or prior to receiving it. Additionally, the Seller can continue marketing the property and negotiating other offers while keeping details confidential. The closing date is determined based on creditor consent.

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Alaska Short Sale Addendum to Purchase Agreement with DocHub

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Alaska Short Sale Addendum in our editor.
Begin by filling in the date of the Purchase Agreement and the names of both the Seller and Buyer in Section I. Ensure that all parties are clearly identified for legal clarity.
In Section II, indicate the number of days the Seller has to obtain written consent from their creditor(s). This is crucial for ensuring compliance with the terms of the agreement.
Review Section III carefully. Here, you can outline any conditions under which the Buyer may terminate the agreement. Make sure to check these options thoroughly.
Proceed to Section IV, where you will confirm that all deadlines for performance are aligned with when the Buyer receives creditor consent.
In Section V, note that while marketing continues, confidentiality regarding other offers must be maintained. Ensure this is understood by all parties involved.
Finally, complete Section VI by specifying either the Closing Date mentioned in the Agreement or a new date based on creditor consent notification.

Start using our platform today to streamline your document editing and signing process for free!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the purpose of the short sale addendum?

If your state or local Association of REALTORS, or your broker, provides a short sale addendum, use it in any counteroffer you make. It is designed to protect the seller against liability to the buyer in the event the lender disapproves the short sale.

What is a short sale addendum?

Use the Inspection Addendum when entering into a Purchase and Sale Agreement that requires property inspections. This form is essential when the Buyer wants to ensure satisfactory conditions before finalizing the sale. It is also necessary when negotiating repairs based on the findings of an inspection. 1.

What is a short sale in simple terms?

Short selling is a strategy where traders profit from a decline in the price of an asset, often a stock. In a short sale, investors borrow shares of a stock they believe will fall in value, sell those shares on the open market, and later buy them back at a lower price to return to the lender.

What is a sps addendum?

Updated March 06, 2025. A short sale addendum is intended for a seller of real estate that owes more money on the property than its worth.

What is a sale addendum?

An addendum is an additional document that is attached to your purchase contract. It plays an important role in clarifying and/or modifying an agreements initial terms and conditions.