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Robinhunter1, Home Buyer in Alba, TX

what does Corporate addendums to be attached mean?

Asked by Robinhunter1, Alba, TX Wed Aug 3, 2011

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It is most likely one of a few things: Owned by a bank, owned by the gov't, owned by a business or a pre-foreclosure (also known as a short sale.) It means that the seller of the property, in addition to a typical Real Estate contract, will also have addendums (agreements) that are attached. The addendums are typically just re-iterating that they aren't liable for the condition of the property, for any liens, any title infractions... anything and everything they can say to hold themselves harmless from anything.

Jennifer Henning
REALTOR | GREEN Designee
[p] 405.625.1576
[e] Jenn@JenniferSellsOklahoma.com
0 votes Thank Flag Link Sun Sep 4, 2011
Often we will see an extra Adendum in the package, from the LISTING BROKER that has extra verbage in it: Their lawyer figured that we didn't have enough paperwork to fill out, so they wanted us to have more.
Usually it is a formatity; more lawyers will tell you differently. So we read it.
0 votes Thank Flag Link Wed Aug 3, 2011
It is probably a bank owned property and has extra forms that pertain to the property. Chasity Nimsey Metro Brokers of Oklahoma 4058636941
0 votes Thank Flag Link Wed Aug 3, 2011
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