Purchase Agreement Clauses

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Does anyone have any suggested clauses that they use in the Purchase Agreement when doing a short sale?

Comments(1)

  • TheShortSalePro1st February, 2004

    Each mortgagee may require a separate set of clauses... including, but not limited to:

    1) house to be sold in as-is condition,
    2) seller to receive zero proceeds from sale,
    3) Contract subject to mortgagee short sale approval,
    etc.

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