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pending status: Short Sale Addendum & Mid-Florida Regional MLS Rules: Which One Wins? - 02/27/09 02:23 PM
In the Fall of 2008, the Florida Association of REALTORS® published the Short Sale Addendum to Purchase and Sale Contract (aka SSA-2), which further clarifies the contingency for the approval by the seller's lender(s), the time period allowed for that approval and options for when all other time periods related to deposits, financing, inspections, etc. are to begin.
In addition to addressing the above, the SSA-2 also communicates the right of the Seller to continue to market their property and to secure multiple offers. Verbatim, that statement reads:
"Unless otherwise agreed upon by Buyer and Seller in writing, Seller may continue … (25 comments)

 
Lashawn Rainmaker_large

LaShawn Norden, REALTOR, (321) 377-0157 Your Real Estate Advocate in Central FL

Longwood, FL

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Keller Williams Heritage Realty

Address: 1150 Douglas Avenue, Suite 2020, Altamonte Springs, FL, 32714

Office Phone: (407) 862-9700

Cell Phone: (321) 377-0157

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Selling or purchasing a home can be exciting and scary at the same time! The goal of my blog is to educate Central Florida Buyers & Sellers about the Good, the Bad & the Ugly things that can happen in a real estate transaction! As an advocate for consumers in Orange, Seminole and Volusia County, I especially enjoy working with first-time home buyers, relocation buyers, sellers of distressed property and luxury home sellers. Native to Central Florida, I'd welcome the opportunity to be your advocate too!

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