Amendatory Clause

posted Nov 4, 2010, 4:05 PM by Career Path Academy   [ updated Jul 27, 2020, 11:58 PM ]
Amendatory Clause    
Added to sales contracts when FHA or VA financing is to be used.
The purpose is if the Appraisal or CRV value does not appraise for the purchase price, it says the buyer can get out of the contract without penalty.
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