Appraisal Requirements. BUYER and SELLER understand that the appraisal conducted on behalf of the lender, VA, FHA or FMHA may require certain repairs, modifications or improvements in the Property prior to the Closing Date in order for it to meet minimum standards of eligibility for financing. SELLER agrees to pay up to the amount specified in Paragraph 4(k) to satisfy any such requirements. If the cost of satisfying the requirements exceeds the amount specified in this paragraph, SELLER, BUYER or both may pay any portion of the excess amount. If SELLER and BUYER cannot agree upon payment of the excess amount, this Contract shall be canceled ad the Xxxxxxx Money returned to BUYER.
Appraisal Requirements. In addition to any sums to be paid by SELLER pursuant to this Contract, SELLER agrees to pay an amount not to exceed $ (ZERO IF LEFT BLANK) for requirements of the lender necessitated by the appraisal.
Appraisal Requirements. Each Appraisal of a Qualified Property shall be based upon the “as is” appraised value of such Qualified Property. All Appraisals must comply with the appraisal policies and procedures of Administrative Agent, regulatory directives or orders imposed on Administrative Agent, and with all applicable Laws, including, without limitation, the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended.
Appraisal Requirements. The appraisals under this agreement shall be based on nationally recognized appraisal standards and techniques to the extent that such principals are consistent with the concepts of value and the rules on the admissibility of evidence of value under the eminent domain law of the State. Factors relating to race, color, religion, sex or national origin, or to racial, religious and ethnic identification of neighborhoods are not relevant to the estimation of value and shall not be considered in connection with appraisals of residential real property.
Appraisal Requirements. SELLER agrees to pay up to $ for requirements of the FHA, VA, FMHA or other lender pursuant to Standard Terms, Paragraph C-3. l. Other
Appraisal Requirements. Appraisals, when required, will be conducted in ac- cordance with § 761.7 of this chapter. §§ 765.354–765.400 [Reserved] Subpart I—Transfer of Security and Assumption of Debt § 765.401 Conditions for transfer of real estate and chattel security.
Appraisal Requirements. In cases when the borrower has a first mortgage with CIC, an independent appraisal of value performed by a qualified, licensed appraiser will be required for all OIF applications as outlined in the CIC Multifamily Loan Policy. In cases when the borrower has a first mortgage from an outside lender or a lender that has an intercreditor agreement with CIC, CIC will defer to the appraisal requirements of the first mortgage lender. With the assistance of the borrower, CIC will request a copy of all appraisal documents provided to the first mortgage lender.
Appraisal Requirements. The form and substance of each Appraisal must be satisfactory to Lender in Lender’s sole discretion, provided that in reviewing Appraisals, Lender shall apply the policies and procedures generally used by Lender in its real estate lending activities. Each Appraisal of Lots shall be based upon the “bulk finished appraised value” of such Lots. Each Unit Appraisal will be at least a “FNMA plan type appraisal”. Each Appraisal must include, without limitation, the following information: (i) a narrative economic and demographic feasibility analysis of the market, including a supply and demand comparison; (ii) a narrative comparison of each subject Subdivision to competing subdivisions in the same metropolitan area; (iii) a base plan type value for each type of Unit in each Approved Subdivision; and (iv) if requested by Lender, a market and absorption study for each Approved Subdivision. All Appraisals must comply with the appraisal policies and procedures of Lender and with all applicable laws, rules, and regulations, including, without limitation, the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, as amended.
Appraisal Requirements. The form and substance of each Appraisal must be reasonably satisfactory to the Lender.
Appraisal Requirements. In the event of a failure, refusal or inability of any appraiser to act, his successor shall be appointed by the party who originally appointed him, but in the case of the third appraiser, his successor shall be appointed in the same manner as provided for appointment of the third appraiser. The appraisers shall render their appraisals in writing with counterpart copies to Landlord and Tenant. The appraisers shall have no power to modify the provisions of this Lease.
