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Appraisal Addendum PDF Form

Appraisal Addendum PDF Form

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Instructions and help about gap addendum real estate

so what does addendum does is it addresses this part of the third-party financing into them which is property approval which talks about which this is the out for your buyers if their property does not appraise so it basically says that you know if the lender determines that the property does not satisfy the underwriters requirements one of those things being the appraisals and the buyers can terminate or obviously have the option to renegotiate which we're all should be very familiar with this paragraph so box one checking this box completely waived property approval meaning that no matter what property appraised for your buyers have no grounds for termination or renegotiation of the contract so you know if you're a listing agent obviously that's what you will want that's you want to get this back with box one it's probably rarely gonna happen and I I don't foresee you guys using box when a whole lot but it's pretty straightforward when you check that box you're saying that we're gonn

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