Amendatory Clause

posted Nov 4, 2010, 4:05 PM by Victor Kaminski   [ updated Nov 4, 2010, 4:05 PM ]
Amendatory Clause    
Used in sales contracts when FHA or VA Financing is to be used, it allows the purchaser to back out of the transaction if the Firm Commitment or CRV does not come through for a specified amount.
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