Offer Instructions and Documents

by Jim McCormack - Nashville Short Sale Specialist

Nashville Tennessee Short Sale Offer Instructions and Documents

Please use Adobe Reader or Other PDF Software to view and print the documents below – do not print from your web browser as it will leave out some typed text.
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After reviewing the Short Sale Offer Instructions for Cooperating REALTORS please submit your offer here: Offer Submission Form
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Please do not submit contract documents unless and until they are requested.

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Please use my Contact Information below when completing the Contract Documents and Short Sale Forms:

Company Name: Edge Advantage Realty, LLC
Company Address: 2615 Medical Center Pkwy, Suite 1560, Murfreesboro, TN 37129
Company Phone: (615) 796-6898
Company RE License #: 263576

Broker/Agent: James W. McCormack
Broker/Agent Phone: (615) 796-6898
Broker/Agent Fax: 888-681-8253
Broker/Agent Email: jim@jimtherealestateexpert.com
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Short Sale Offer Instructions for Cooperating REALTORS AND Short Sale Compensation Agreement Between Listing and Selling Broker

Forms for FHA Short Sales – Use the form(s) below if the property you are writing an offer on is listed in the MLS as an FHA Short Sale.

HUD PFS Program Guidelines and Documents for FHA Short Sales – If you have any questions about how the FHA Short Sale process works please click this link to go to a page on this website with HUD PFS Program Guidelines and Documents for FHA Short Sales. In particular, you should scroll down that page and find the HUD PFS Allowable and Disallowable Fees Paid From Seller’s Funds at Closing (Revised 10-9-2012) to see what Buyer closing costs the Seller is allowed to pay in an FHA Short Sale.
HUD PFS FHA Pre-Foreclosure Sale Addendum for FHA Short Sales – Use this Addendum if the property you are writing an offer on is listed in the MLS as an FHA Short Sale. I will take care of the Loan Number(s), but please enter everything else including the Seller(s) names and all dates, etc.

Forms for Bank of America Short Sales – Use the form(s) below if the property you are writing an offer on is a Bank of America Short Sale

For Bank of America Short Sales, please download and complete the Bank of America Buyer’s Acknowledgement and Disclosure and Bank of America Short Sale Purchase Contract Addendum and Real Estate Licensee Certification OR Bank of America FHA Preforeclosure Sale Addendum and Real Estate Licensee Certification (I will take care of the Loan Number(s), but please enter everything else including the Seller(s) names and all dates, etc.). There may be other Bank of America forms required. Please contact the Listing Agent to find out. If so, you can download them from the Forms Section of the Bank of America Short Sale Agent Resource Center

Short Sale Types

Conventional Short Sale: This means that the Seller’s loan(s) is/are owned by Fannie Mae, Freddie Mac, a bank, a financial institution, etc. and the loan(s) is/are not FHA insured, VA Guaranteed, THDA, USDA, etc. This has nothing to to do with the Buyer other than it affects the process, speed and allowable closing costs (see the Offer Instructions above) that may be approved by the short sale bank/mortgage lender.
HAFA Short Sale: This means that the Seller’s loan was eligible for HAFA and was approved into the HAFA Short Sale Program. This generally means that the sale price and minimum net proceeds needed for short sale approval should be known. Other than making the price that is likely to be approved known to all, this has nothing to to do with the Buyer other than it affects the process, speed and allowable closing costs (see the Offer Instructions above) that may be approved by the short sale bank/mortgage lender.
FHA, VA, THDA, USDA and Similar Short Sale: This means that the Seller’s loan(s) is/are FHA insured, VA Guaranteed, THDA, USDA, etc. This generally means that the sale price and minimum net proceeds needed for short sale approval should be known. Other than making the price that is likely to be approved known to all, this has nothing to to do with the Buyer other than it affects the process, speed and allowable closing costs (see the Offer Instructions above) that may be approved by the short sale bank/mortgage lender.