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 Fha Addendum to Contract Sc 2011-2025

Fha Amendatory Clause 2011-2025 Form

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hey everybody Matt Martin here with this week's broker minute or two we're all familiar with the FHA via VA addendum and the verbage in there that essentially protects the FHA borrower uh against a transaction where the appraisal comes in low and most of us are aware of the amendatory Clause but a lot of us don't pay attention to the difference between the two and today's minute is going to be on that so let me share my screen on screen I have the FHA VA addendum section three is what we are talking about here notwithstanding the financing on appraisal deadline so we don't care about the deadline um buyers shall not be obligated to complete the purchase the property or incur any penalty forfeiture of earnest money deposit or other down payment which could include construction deposits or otherwise be obligated to purchase the property if so if is a big word in contracts it's a small word but it's a very big word it's a big

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