Hi - what is the "sellers addendum" mentioned in the description - thank you!

Asked by Riccienterprises, Townsend, MA Sat Sep 3, 2011

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This question is about this property: http://www.trulia.com/property/3057642155-225-Mason-Rd-Towns…

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3
Deb O'Hanlon, Agent, Westford, MA
Wed Mar 27, 2013
Any seller's addendum should be reviewed by an attorney. Most folks want to save as much as possible when purchasing or selling, but attorneys may ultimately save you money by reviewing and constructing additional addendums that protect their client. While banks don't generally accept any additional protective addendums, at least having an attorney review it will protect you from signing something that you shouldn't. And having an attorney describe what is in the addendum (your rights and obligations) is very helpful too. Ultimately, it may be the best money you spend. Ask your agent for lists of attorneys.
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Heidi Zizza, Agent, Framingham, MA
Tue Sep 6, 2011
Usually in these instances it is an addendum signed by you that agrees to the following
A. The bank make NO warranties or representations.
B. They will only to AS-Is verbiage.
C. Usually adds language that just because you give them a deposit it nots always binding.
In short. it's their way or the highway...
0 votes
Joyce Lin, Agent, Leominster, MA
Sat Sep 3, 2011
This is a Fannie Mae Foreclosure, so it is referring to the Standard Seller's Addendum that replaces or supplements the P&S.

This property has already been Under Agreement once and came back on the market 13 days later.

Call me if I can be of assistance.

Joyce
978-337-1237
Certified Buyer's Rep
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