Legal and Tax Advice. Buyer and Seller acknowledge there may be risks involved and they are advised to seek legal advice, credit counseling and income tax advice in connection with a Short Sale. Seller further understands and acknowledges a Short Sale may result in income tax liability and may negatively impact Seller's credit.
Appears in 3 contracts
Samples: Short Sale Addendum, Short Sale Addendum, Short Sale Addendum
Legal and Tax Advice. Buyer Xxxxx and Seller Xxxxxx acknowledge there may be risks involved and they are advised to seek legal advice, credit counseling and income tax advice in connection with a Short Sale. Seller further understands and acknowledges a Short Sale may result in income tax liability and may negatively impact Seller's credit.
Appears in 1 contract
Samples: Short Sale Addendum
