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How to use or fill out New Dakota Short Sale Addendum to Purchase Agreement
- Click ‘Get Form’ to open the New Dakota 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 allowed for the Seller to obtain written consent from their creditor(s). This is crucial as it affects the validity of the agreement.
- Review Section III carefully. Here, you can note any conditions under which the Buyer may terminate the agreement. Make sure to understand these terms fully.
- 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, acknowledge that the Seller retains rights to market the property and negotiate other offers. This section ensures transparency between parties.
- Finally, complete Section VI by specifying either the Closing Date mentioned in the Agreement or a specified number of days post-consent notification.
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