UTAH LUXURY HOMES
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3143 South 840 East
Suite #100
St. George, Utah 84790
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Utah Luxury homes

Utah Luxury homes

Articles  >>  Short-Sale Addendum

Short-Sale Addendum

Here is the Short-Sale addendum that we use with all of our short-sale offers here in St. George Utah. We show you this form, to better help you understand the variations of a "short-sale" offer vs. a conventional offer (non-short-sale offer). The seller AND the bank are both aware that a "short-sale" is a lenghty process, and there are several reasons which may occur before the bank accepts the buyers offer in which you may no longer be interested in the property: (A) financing, (B) circumstances of the Buyer have changed (C) the timing of the transaction may no longer meet the Buyer needs; (d) Buyer may find another property that better suits Buyer’s needs;

We would also like to remind you that ERNEST MONEY IS NOT REQUIRED WHEN MAKING AN OFFER UNTIL THE BANK ACCEPTS YOUR OFFER. When your offer IS accepted, you have 4 days before Earnest Money is required. Therefore, you can submit multiple offers on your favorite homes, and only be obligated to the one that best suits your needs and wants (once the bank accepts it).

To Review section 7 (and the Entire Short-Sale Addendum) and to see all the various ways in which you (the buyer) can cancel your offer at anytime before you and the bank agree upon the terms of the offer click on the image below

 


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