Do you have a short sale listing or have your home listed for short sale? Do you want to guarantee that you or the seller will NOT have to pay to close the short sale. Please use this rider when reviewing any offers.
Using this rider also ensures that the the buyer will follow standards in short sale and not use those standards to strategically cancel the short sale leaving the seller closer to foreclosure because the buyer is advised against the realities of short sale.
Remember, the most common reason short sales do NOT close is because of the buyer. Nearly all short sales are approved or countered or explained as to why they do not qualify (typically due to large income and assets without a negating hardship), it is the buyer then, typically on bad advice of their attorney and realtor inexperienced in short sales, that causes the files not to close. Using this rider, discloses everything upfront, if they are using an attorney or realtor experienced with short sales, they will agree, you will close on your short sale and not have to pay any fees.
Please include this document or a link to this document on the MLS. Any accepted offers must have this rider signed.