SSA or the Short Sale Addendum
Used properly, in conjunction with successful closing, you can protect your assets from the bank.
There is just one hitch, the banks do not always provide short sale approval. Your Realtor will be asking you to turn over a roadmap to your assets and future income prior to getting a short sale approval. You need to know what happens if the lender says no, or the buyer backs out.
Click below to see a pdf of the SSA:
short sale addendum
SSIA or Short Sale Listing Addendum
Since 75% of Realtor negotiated short sales fail, the California Association of Realtors insist that Realtors provide you with this addendum.
This is the info every Realtor should (must) provide a seller, it is vital you understand this info before you begin your short sale.
Click below to see the SSIA pdf
California short sale listing addendum
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