Replies to This Discussion

Permalink Reply by Bryant Tutas on February 10, 2010 at 1:41pm

Lisa. I'm not sure I understand your question. But if you are referring to the listing addendum and the contract addendum then they should be dated to coincide with the contract they are being attached to. For example the listing addendum should be signed and dated the day you take the listing and the contract addendum would be signed and dated the day the buyer and seller sign the deal.

The arms length form is a closing condition and would be dated when closing docs are signed.

The only other form they have is the closing date extension. Of course this is only needed if the closing date needs to be extended and would be dated at that time.

Are these the 4 addenda you are referring to? By the way negotiators are clueless when it comes to contracts and addenda. I would not ask them anything. It's our job to make sure the paperwork is done properly.

Permalink Reply by Mariana Carrasco on September 22, 2012 at 8:17am

Great!! now am clear and happy...thank you Bryant !

( I just started a new short sale with Wells Fargo,and can not tell you how good is the support in this site,thank you again)

Permalink Reply by Lisa Nunez on February 10, 2010 at 1:46pm

thank you for your response! yes am refering to those
i understand dates you are walking me through- negotiator said to give a date after 2/28
let me cut and paste to you


WE ALSO NEED A LISTING EXTENSION DATE BEYOND ENDING DATE OF FEB.28,2010
TO GIVE TIME TO COMPLETE SHORTSALE CLOSING.
THANKS


confusing maybe i am reading too much into this?

thank you thank you for your help- I LOVE THIS SITE! Great info here!

Bryant Tutas said:

Lisa. I'm not sure I understand your question. But if you are referring to the listing addendum and the contract addendum then they should be dated to coincide with the contract they are being attached to. For example the listing addendum should be signed and dated the day you take the listing and the contract addendum would be signed and dated the day the buyer and seller sign the deal.

The arms length form is a closing condition and would be dated when closing docs are signed.

The only other form they have is the closing date extension. Of course this is only needed if the closing date needs to be extended and would be dated at that time.

Are these the 4 addenda you are referring to? By the way negotiators are clueless when it comes to contracts and addenda. I would not ask them anything. It's our job to make sure the paperwork is done properly.

Permalink Reply by Bryant Tutas on February 11, 2010 at 2:06am

They are referring to the listing agreement. The end date needs to be further out that the closing date. This a completely separate issue. Just have the seller sign an addendum to your listing agreement changing the end date of the listing to beyond 28 February. I'd extend to the end of March to be on the safe side.

Lisa Nunez said:

thank you for your response! yes am refering to those
i understand dates you are walking me through- negotiator said to give a date after 2/28
let me cut and paste to you


WE ALSO NEED A LISTING EXTENSION DATE BEYOND ENDING DATE OF FEB.28,2010
TO GIVE TIME TO COMPLETE SHORTSALE CLOSING.
THANKS


confusing maybe i am reading too much into this?

thank you thank you for your help- I LOVE THIS SITE! Great info here!

Bryant Tutas said:

Lisa. I'm not sure I understand your question. But if you are referring to the listing addendum and the contract addendum then they should be dated to coincide with the contract they are being attached to. For example the listing addendum should be signed and dated the day you take the listing and the contract addendum would be signed and dated the day the buyer and seller sign the deal.

The arms length form is a closing condition and would be dated when closing docs are signed.

The only other form they have is the closing date extension. Of course this is only needed if the closing date needs to be extended and would be dated at that time.

Are these the 4 addenda you are referring to? By the way negotiators are clueless when it comes to contracts and addenda. I would not ask them anything. It's our job to make sure the paperwork is done properly.

Permalink Reply by TOP END Properties on October 9, 2012 at 3:36pm

Do a 1-yr agreement with 1-yr extensions.  Many big banks make you write wording that the listing agreement can be canceled by the borrower at anytime anyway.