Miami Florida Short Sale Contract Terms

Miami Florida Short Sale buyers and sellers have the convenience of using the standard Florida Association of Realtors Short Sale Addendum, but must also review it carefully to understand the terms. It is important to map out the time lines and clearly understand when time periods start and stop, particularly for inspections, in relation to the receipt of the seller’s lender approval of the sale. It is also critical to note that the seller’s lender is not a party to the contract even though the contract terms are subject to lender approval.

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