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Fha Amendatory Clause Form

Fha Amendatory Clause Form

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[Music] hello my name is Melanie Leonard from the law office of Melanie C Leonard where we focus on residential real estate and help our clients close with confidence I'm also a member of Main Street organization of Realtors broker lawyer committee one of the documents often overlooked at the time a contract is signed is the FHA or VA amendatory clause in real estate certification this form is only required when the buyer is applying for an FHA or VA mortgage and while the paperwork can often prove tedious there are benefits to FHA and VA mortgages the federal housing Administration or FHA was created in 1934 in response to the Great Depression in an effort to stimulate the economy FHA began ensuring mortgages that buyers got from their Bank the Veterans Administration or VA does the same as a benefit to Veterans this insurance continues to make Banks more likely to loan money since they are able to recover much of their money from FHA or the VA if the buyer stops paying their

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