Common use of FHA Clause in Contracts

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA requirements, a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (Xxxxx) should satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 5 contracts

Samples: cdn.fs.teachablecdn.com, www.acreschool.com, esign.com

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FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser 219 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 220 Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, in accordance with HUD/FHA or VA 221 requirements, a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 222 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser (Buyer) 223 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 224 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 225 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should 226 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 4 contracts

Samples: boulderrealestatenews.com, protrain.hs.llnwd.net, www.hrwco.org

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser 220 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 221 Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, 222 requirements a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 223 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser (Buyer) 224 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 225 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 226 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should 227 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 3 contracts

Samples: demo.bullformscolorado.com, protrain.hs.llnwd.net, www.businesslawyer.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser 220 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 221 Xxxxxxx 219 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA 222 requirements, a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 223 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ $_ . The purchaser (Buyer) 224 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 225 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 226 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (XxxxxBuyer) should 227 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 3 contracts

Samples: static-cdn.edit.site, www.hiredschools.com, www.jmdenverhomes.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser 216 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 217 Xxxxxxx 219 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA 218 requirements, a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 219 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ $_ . The purchaser (Buyer) 220 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 221 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 222 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (XxxxxBuyer) should 223 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 2 contracts

Samples: corefinancegroup.com, asapcashhomebuyers.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser 222 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 223 Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, in accordance with HUD/FHA or VA 224 requirements, a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 225 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser (Buyer) 226 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 227 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 228 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should 229 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 2 contracts

Samples: demo.bullformscolorado.com, www.businesslawyer.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser 215 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 216 Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, 217 requirements a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 218 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser (Buyer) 219 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 220 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 221 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should 222 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 2 contracts

Samples: www2.topproducerwebsite.com, protrain.hs.llnwd.net

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser 215 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 216 Xxxxxxx 219 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA 217 requirements, a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 218 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ $_ . The purchaser (Buyer) 219 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 220 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 221 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (XxxxxBuyer) should 222 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 2 contracts

Samples: demo.bullformscolorado.com, s3.amazonaws.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser (Buyer) 218 shall not be 195 obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money deposits or otherwise 196 unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, requirements a 220 written statement issued by the Federal Housing 197 Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 setting forth the appraised value of the Property of not less than 198 $ . The purchaser Purchaser (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this the Contract without regard 199 to the amount of the appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 200 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should satisfy 201 himself/herself that 225 the price and condition of the Property are acceptable.. 🞏

Appears in 2 contracts

Samples: www.legalwiz.com, www.ncts.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser 216 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 217 Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, 218 requirements a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 219 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser (Buyer) 220 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 221 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 222 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should 223 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 2 contracts

Samples: protrain.hs.llnwd.net, www.vaned.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser (Buyer) 218 shall not be 170 obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money deposits or otherwise 171 unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, requirements a 220 written statement issued by the Federal Housing 172 Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ 173 $___ __ __ . The purchaser Purchaser (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this the Contract without regard 174 to the amount of the appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 175 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should satisfy 176 himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: www.vaned.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser 250 Purchaser (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty 251 by forfeiture of Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, given in accordance with 252 HUD/FHA or VA requirements, requirements a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans 253 Affairs, or a Direct Endorsement lender, 221 setting forth the appraised value of the Property of not less than 254 $ . The purchaser Purchaser (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this 255 the Contract without regard to the amount of the appraised valuation. The 223 appraised valuation is arrived at to determine the 256 maximum mortgage the Department of Housing and Urban Development will 224 insure. HUD does not warrant the value nor 257 the condition of the Property. The purchaser Purchaser (Xxxxx) should satisfy himself/herself that 225 the price and condition of the 258 Property are acceptable.

Appears in 1 contract

Samples: Entire Agreement

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 218 264 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 265 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA requirements, a 220 266 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 267 setting forth the appraised value of the Property of not less than $ . The purchaser (Buyer) shall have the privilege 222 268 and option of proceeding with the consummation of this Contract without regard to the amount of the appraised valuation. The 223 269 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will 224 270 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (XxxxxBuyer) should satisfy 271 himself/herself herself/themselves that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: eforms.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA requirements, a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (XxxxxBuyer) should satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: pdfliner.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 218 270 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 271 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA requirements, a 220 272 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 273 setting forth the appraised value of the Property of not less than $ . The purchaser (Buyer) shall have the privilege 222 274 and option of proceeding with the consummation of this Contract without regard to the amount of the appraised valuation. The 223 275 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will 224 276 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (XxxxxBuyer) should satisfy 277 himself/herself herself/themselves that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: cox-education.com

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FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser (Buyer) 218 shall not be obligated to 244 complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser 245 (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, requirements a 220 written statement issued by the Federal Housing Commissioner, Department of 246 Veterans Affairs, or a Direct Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser 247 (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this the Contract without regard to the amount of the appraised valuation. The 223 248 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will 224 insure. HUD does not warrant 249 the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: www.topproducerwebsite.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser 214 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 215 Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, 216 requirements a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 217 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser (Buyer) 218 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 219 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 220 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should 221 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: frascona.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser 217 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 218 Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, 219 requirements a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 220 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser (Buyer) 221 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 222 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 223 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should 224 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: demo.bullformscolorado.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser (Buyer) 218 shall not be 195 obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money deposits or otherwise 196 unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, requirements a 220 written statement issued by the Federal Housing 197 Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 setting forth the appraised value of the Property of not less than 198 $ . The purchaser Purchaser (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this the Contract without regard 199 to the amount of the appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 200 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should satisfy 201 himself/herself that 225 the price and condition of the Property are acceptable.. 

Appears in 1 contract

Samples: reiwealthprofit.com

FHA. It is expressly agreed that, that notwithstanding any other provisions of this Contract198 contract, the purchaser Purchaser (Buyer) 218 shall not be obligated to complete the purchase of the Property described 199 herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser 200 (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, requirements a 220 written statement issued by the Federal 201 Housing Commissioner, Department of Veterans AffairsAdministration, or a Direct Endorsement lender, 221 lender setting forth the appraised 202 value of the Property of not less than $ . The purchaser Purchaser (Buyer) shall have the privilege 222 and 203 option of proceeding with the consummation of this Contract the contract without regard to the amount of the appraised 204 valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of 205 Housing and Urban Development will 224 insure. HUD does not warrant the value nor the condition of the 206 Property. The purchaser Purchaser (XxxxxBuyer) should satisfy himself/herself that 225 the price and condition of the Property 207 are acceptable.

Appears in 1 contract

Samples: www.legalwiz.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser 222 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 223 Xxxxxxx 219 Money deposits or otherwise unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, 224 requirements a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 225 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ . The purchaser Purchaser (Buyer) 226 shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to the amount of the 227 appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 228 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should 229 satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: protrain.hs.llnwd.net

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser Purchaser (Buyer) 218 shall not be 195 obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money deposits or otherwise 196 unless the purchaser Purchaser (Buyer) has been given, given in accordance with HUD/FHA or VA requirements, requirements a 220 written statement issued by the Federal Housing 197 Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 setting forth the appraised value of the Property of not less than 198 $ . The purchaser Purchaser (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this the Contract without regard 199 to the amount of the appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and 200 Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser Purchaser (XxxxxBuyer) should satisfy 201 himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: byownercolorado.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 218 shall 217 not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of Xxxxxxx 219 Money 218 deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA requirements, a 220 written 219 statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 221 setting 220 forth the appraised value of the Property of not less than $ . The purchaser (Buyer) shall have the privilege 222 and 221 option of proceeding with the consummation of this Contract without regard to the amount of the appraised valuation. The 223 appraised 222 valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will 224 insure. HUD 223 does not warrant the value nor the condition of the Property. The purchaser (Xxxxx) should satisfy himself/herself that 225 the price and 224 condition of the Property are acceptable.

Appears in 1 contract

Samples: formfiles.justia.com

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser 228 (Buyer) 218 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 229 Xxxxxxx 219 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA 230 requirements, a 220 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 231 Endorsement lender, 221 setting forth the appraised value of the Property of not less than $ .$ . 232 The purchaser (Buyer) shall have the privilege 222 and option of proceeding with the consummation of this Contract without regard to 233 the amount of the appraised valuation. The 223 appraised valuation is arrived at to determine the maximum mortgage the Department 234 of Housing and Urban Development will 224 insure. HUD does not warrant the value nor the condition of the Property. The purchaser 235 (Xxxxx) should satisfy himself/herself that 225 the price and condition of the Property are acceptable.

Appears in 1 contract

Samples: www.ltac.org

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