16-Fundamentals of Short Sale Purchase

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The purchase contract in a short sale should be contingent upon a short sale agreement, acceptable to the lender, and agreed to by the seller/borrower. AAR has drafted a short sale addendum to the AAR Residential Resale Real Estate Purchase Contract that provides that the contract will be contingent on an acceptable short sale agreement. […]

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14-Legal Hotline Q & A: Short Sales Part 217-Fundamentals of Short Sale Addendum