1. Please read the addendums - usually it is a good idea to make an addendum to addendum if you need a change a term or condition in original addendum :) Assest manager likes it that way and it is clearer that cutting over.
2. Make sure to buy Buyers Title Insurane to cover you. We had 3 cases this year where on Bank owned homes title companies (reputed ones) missed the liens and covered our buyers since they bought Enhanced Title Policy.
Buying A Foreclosed Virginia Home? Beware of Bank Addendums & $3,000 Hidden Fees
Btw - a Realtor cannot give you legal advise. This a hazy area as many agents attempt to interpret contract language for their clients.
Hope that helps.