Short Sale; approval of the owner(s) of record's lender(s) may be conditioned on the gross commission being reduced.All non-cash offers must be submitted on FAR/BAR AS-IS contract with 3% escrow deposit (payable to Leading Edge Title). Mortgage pre-approval letter from local lender and execution of all attached addenda is required before an offer will be sent to the Seller for signatures. All CASH offers must be submitted on FAR/BAR AS-IS contract with 10% escrow deposit (payable to Leading Edge Title). Proof of funds to close and execution of all attached addenda is required before an offer will be negotiated. The owner(s) of record's authorized Title Company will close the transaction. Once fully executed by the Buyer and Seller, the listing status shall go pending in MLS and only one contract will be sent to the owner(s) of record's lender(s) for approval.
