Fha Disclosures Amendatory Clause Form Details

The Disclosure Amendatory Clause is an important addition to any contract. By adding this clause, you are ensuring that both parties are aware of any potential risks and have a chance to negotiate them before signing the contract. This clause can help to avoid disputes down the road by making everyone aware of any possible issues. Including a Disclosure Amendatory Clause in your next contract will help to ensure a smooth process for all involved.

We've compiled some technical details about the disclosure amendatory clause. Before you fill out the form, it is worth examining more details on it.

QuestionAnswer
Form NameDisclosure Amendatory Clause
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesfha amendatory clause and real estate cert, what is fha amendatory clause, clause amendatory, fha amendatory clause

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FHA Amendatory Clause & Real Estate Certification

Borrower Name(s):

Borrower Address:

Property Address:

FHA Case Number:

FHA AMENDATORY CLAUSE

It is expressly agreed that notwithstanding any other provisions of this contract, the purchaser shall not be obligated to complete the purchase of the property described herein or to incur any penalty by forfeiture of earnest money deposits or otherwise unless the purchaser has been given in accordance with HUD/FHA or VA requirements a written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement

Lender, setting forth the appraised value of the property of not less than $. The purchaser shall have the privilege and option of proceeding with consummation of the contract without regard to the amount of the appraised valuation. The appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will insure. HUD does not warrant the value or the condition of the property. The purchaser should satisfy himself/herself that the price and condition of the property are acceptable.

Borrower

Date

Seller

Date

Co-BorrowerDate

Seller

Date

REAL ESTATE CERTIFICATION

The borrower, seller, and the selling real estate agent or broker involved in the sales transaction certify that the terms and conditions of the sales contract are true to the best of their knowledge and belief and that any other agreement entered into by any of the parties in connection with the real estate transaction is part of, or attached to, the sales agreement.

Borrower

Date

Co-Borrower

Date

Seller

Date

Seller

Date

Listing Agent (Seller’s Agent)

Date

Selling Agent (Buyer’s Agent)

Date

FHA Amendatory Clause 10/05 ~ EncompassTM from Ellie Mae ~ www.elliemae.com