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FHA required provision

1,061 Views | 2 Replies | Last: 4 yr ago by plowboy1065
howdydamnit04
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AG
Selling an investment property and their realtor sent us an FHA Required Provision to sign off on. I'm reading this as they can get their Escrow money back if it doesn't appraise for the sales price, but they also sent us the appraisal showing it at the sales price.

Am I good or am I giving them an escape route where they keep the earnest money?
Bill Robbins
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AG
This type of stipulation is already written into the Third Party Financing addendum which you should have received with the contract. If the appraisal is good, you should be ok.
howdydamnit04
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AG
Thanks. Set to close on Tuesday but the change had us concerned.
plowboy1065
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S
Sounds like an FHA Amendatory Clause, very normal
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