Common use of Short Sale Clause in Contracts

Short Sale. The sale of the Property will not generate sufficient proceeds to pay off the Broker’s real estate commission and all mortgages or liens on the Property. Therefore, the purchase and sale agreement for the sale of the Property will need to be made contingent upon the mortgage lender(s) and other lien holders agreeing to take less than the face amount of what they are owed.

Short Sale. The sale of the Property will not generate sufficient proceeds to pay off the Broker’s real estate commission and all mortgages or liens on the Property. Therefore, the purchase and sale agreement for the sale of the Property will need to be made contingent upon the mortgage lender(s) and other lien holders agreeing to take less than the face amount of what they are owed..  (4)

Short Sale. The sale of the Property will not generate sufficient proceeds to pay off the Broker’s real estate commission and all mortgages or liens on the Property. Therefore, the purchase and sale agreement for the sale of the Property will need to be made contingent upon the mortgage lender(s) and other lien holders agreeing to take less than the face amount of what they are owed.. 🞏 (4)

Short Sale. The sale of the Property will not generate sufficient proceeds to pay off the Broker’s real estate commission and all mortgages or liens on the Property. Therefore, the purchase and sale agreement for the sale of the Property will need to be made contingent upon the mortgage lender(s) and other lien holders agreeing to take less than the face amount of what they are owed..   

Short Sale. The sale of the Property will not generate sufficient proceeds to pay off the Broker’s real estate commission commissio and all mortgages or liens on the Property. Therefore, the purchase and sale agreement for the sale of the Property will need to be made contingent upon the mortgage lender(s) and other lien holders agreeing to take less than the face amount of what they are owed.

Short Sale. The sale of the Property will not generate sufficient proceeds to pay off the Broker’s real estate commission and all mortgages or liens on the PropertyPro erty. Therefore, the purchase and sale agreement for the sale of the Property will need to be made contingent upon the mortgage lender(s) and other lien holders agreeing to take less than the face amount of what they are owed.owe .  (4)