Do you need help buying or selling a
short sale. Paul Teasdale has sold hundreds of short sales
in Utah County and many in Payson Utah. Call Paul if you
have questions about buying or selling a Payson Utah Short
Sale. See a list of
Payson UT Short Sale Home
Buyer agrees that at any time prior to
Third Party Approval as defined in Section 2 above, Seller
may: (a) continue to market the Property to other interested
buyers; (b) continue to advertise the Property through the
MLS showing any MLS status category (the MLS will allow)
deemed necessary and appropriate by the Seller and/or the
Third Parties; (c) accept additional backup offers for the
purchase of the Property (“Backup Contracts”) subject to the
rights of Buyer under this contract; and (d) Seller may or
may not submit any such Backup Contracts to the Third
Parties for review.
Beware! Payson Utah Short Sales Can be
Tricky!
Seller and Buyer acknowledge that there
will be significant time delays in obtaining any response
from the Third Parties to the terms of this proposed Short
Sale; and because this is a Short Sale, Seller will need to
obtain the highest and best terms for the sale of the
Property. During this significant time delay, circumstances
may change for both Seller and Buyer. The changes in
circumstances may include, but are not limited to: (a)
adjustments in available mortgage financing rates and terms;
(b) modifications in the financial circumstances of Seller
or Buyer; (c) the timing of the transaction may no longer
meet Buyer or Seller’s needs; (d) Buyer may find another
property that better suits Buyer’s needs; and (e) Seller may
receive additional offers for the purchase of the Property
that better address Seller’s legal and financial needs.
Based on the above, if at any time prior
to Third Party Approval, or the Third Party Approval
Deadline, whichever occurs first, the Buyer or Seller
determines that their circumstances have changed and it is
no longer in their best interest to pursue the sale/purchase
of the Property, either Buyer or Seller may cancel the REPC
by providing written notice to the other party. In such
instance, the Earnest Money Deposit, if any, shall be
returned to the Buyer without the requirement of further
written authorization from Seller. Buyer and Seller
acknowledge and agree that this mutual right of cancellation
is fair and reasonable to both parties.
