This addendum is used when the sale is a short sale: the seller's net proceeds at closing will not pay off the seller's mortgage loan, so the seller needs each lienholder to consent to the sale, accept the net proceeds in full satisfaction of the loan, and release its lien. The contract is binding when signed and the earnest money and option fee are paid as usual, but it is contingent on obtaining that Lienholder's Consent and Agreement by the stated date; otherwise the contract terminates and the earnest money is refunded. The date Seller notifies Buyer of the consent becomes the Amended Effective Date for performance.
Residential Sales, Farm & Ranch, Vacant Land
The TREC 45-2 form is organized into the following sections:
TREC 45-2 has a verified fill map in EZDocs: answer a guided form — with the parties, property, price and closing date already filled in from your deal — and RaiderX fills the official current revision of the PDF, places every signature, initial and date line, and sends it for e-signature. Once every side has signed, the executed copy files itself into the deal.
No downloaded blank, no separate e-signature account, no re-uploading the signed copy. EZDocs is in beta and included with every RaiderX plan at no per-signature cost, on the web and in the mobile app.
Every signed form also feeds Deal Manager: it reads the form's key dates and terms and builds out your deadlines, contingencies, and tasks — so nothing slips through the cracks between contract and closing.
Join Texas agents who fill, e-sign and track forms like this one inside RaiderX — EZDocs and Deal Manager are included with every plan.