Nevada Short Sale Addendum to Purchase Agreement 2025

1. Click ‘Get Form’ to open it in the 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 all parties are accurately represented.
3. In Section II, indicate the number of days allowed for the Seller to obtain written consent from their creditor(s). This is crucial for proceeding with the short sale.
4. Review Section III carefully. Understand your rights as a Buyer regarding termination of the Agreement if written consent is not obtained within the specified timeframe.
5. Fill out Section IV, noting that all deadlines will commence upon receipt of creditor(s) written consent. This ensures clarity on timelines.
6. In Section V, acknowledge that the Seller can continue marketing the property and accepting other offers. This section emphasizes transparency between parties.
7. Finally, complete Section VI by specifying either the Closing Date mentioned in the Agreement or a new date based on creditor consent notification.

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