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Fha Addendum to Sales Contract PDF Form

Fha Addendum to Sales Contract PDF Form

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Instructions and help about Fha Addendum To Sales Contract Pdf

hi there again colin brown licensing instructor and licensed broker here in north carolina i wanted to take a few minutes to explain a certain document that people have been a little bit confused about if someone is making an offer and they are using a loan that is either an fha loan or a va loan there is an addendum that is required that should be included in the offer to purchase it is the fha va financing addendum the one you see here on the screen now one of the things that is confusing to people is a lot of people are thinking that if the property does not appraise then this addendum gives the buyer the ability to get their earnest money and their due diligence fee back if the seller refuses to lower the price to match the appraisal amount or to otherwise negotiate on terms that are agreeable to both then the buyer gets the earnest money and due diligence feedback and that is not correct now i'm not an attorney if you have real questions about these forms please i advise y

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