A Short Sale Processing Document and Agreement is an agreement between a borrower, lender, and a third party such as a real estate agent or attorney that outlines the terms of a short sale transaction. This document is used when a homeowner is unable to pay their mortgage and is selling their home for less than the amount they owe on the mortgage. The agreement outlines the responsibilities of each party involved and the process for completing the sale. There are a few different types of Short Sale Processing Document and Agreement, including a Purchase and Sale Agreement, an Agreement to List, a Short Sale Authorization and Request Form, and a Short Sale Addendum. The Purchase and Sale Agreement sets forth the terms of the sale, such as the purchase price, closing date, and other details of the sale. The Agreement to List is a document between the homeowner and the real estate agent that outlines the agent's commission and the process of listing and selling the home. The Short Sale Authorization and Request Form is a document that authorizes the lender to approve or deny a short sale transaction. Lastly, the Short Sale Addendum outlines additional terms and conditions between the buyer and seller, such as the buyer's responsibility for closing costs and other fees.
A Short Sale Processing Document and Agreement is an agreement between a borrower, lender, and a third party such as a real estate agent or attorney that outlines the terms of a short sale transaction. This document is used when a homeowner is unable to pay their mortgage and is selling their home for less than the amount they owe on the mortgage. The agreement outlines the responsibilities of each party involved and the process for completing the sale. There are a few different types of Short Sale Processing Document and Agreement, including a Purchase and Sale Agreement, an Agreement to List, a Short Sale Authorization and Request Form, and a Short Sale Addendum. The Purchase and Sale Agreement sets forth the terms of the sale, such as the purchase price, closing date, and other details of the sale. The Agreement to List is a document between the homeowner and the real estate agent that outlines the agent's commission and the process of listing and selling the home. The Short Sale Authorization and Request Form is a document that authorizes the lender to approve or deny a short sale transaction. Lastly, the Short Sale Addendum outlines additional terms and conditions between the buyer and seller, such as the buyer's responsibility for closing costs and other fees.
