This form is to be used as an addendum to a purchase agreement (including C.A.R. Form Notice of Default Purchase - NODPA) when the sale is subject to lender approval because there is not enough equity in the property to satisfy all lender liens and other costs of sale. It applies whether the property is residential or commercial, whether a notice of default has been filed or not, whether the seller is an owner occupant or investor, or whether the buyer will be an occupant or an investor.
Revised Apr. 2012