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SALE AGREEMENT # ___ RESIDENTIAL VA/FHA AMENDATORY CLAUSE AND REAL ESTATE CERTIFICATION Buyer(s) ___ Seller(s) ___ Property Address or Tax ID # ___ ___ (the Property)5Buyer and Seller agree that this

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How to fill out fha amendatory clause amp

01

Obtain a copy of the FHA amendatory clause form (Form HUD-92800.5B).

02

Fill in the property address and date of the agreement.

03

Include the names of the buyer and seller as they appear on the sales contract.

04

Make sure the purchase price matches the agreed upon price in the sales contract.

05

Sign and date the form, along with the buyer and seller.

Who needs fha amendatory clause amp?

01

Anyone involved in a real estate transaction using FHA financing needs to fill out the FHA amendatory clause form.

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What is fha amendatory clause amp?

The FHA amendatory clause amp is a clause included in FHA-insured loan contracts that protects the buyer against being obligated to complete the purchase if the home's appraised value is lower than the agreed-upon sales price.

Who is required to file fha amendatory clause amp?

The FHA amendatory clause amp is typically required to be signed by both the buyer and the seller in a real estate transaction involving an FHA-insured loan.

How to fill out fha amendatory clause amp?

To fill out the FHA amendatory clause amp, both the buyer and the seller must acknowledge and sign the clause, indicating their agreement to the terms regarding the home's appraised value and the buyer's obligation to complete the purchase.

What is the purpose of fha amendatory clause amp?

The purpose of the FHA amendatory clause amp is to protect the buyer by ensuring that they are not forced to follow through with the purchase of a home if the appraised value is lower than the agreed-upon sales price.

What information must be reported on fha amendatory clause amp?

The FHA amendatory clause amp typically requires information such as the agreed-upon sales price, the appraised value of the home, and the signatures of both the buyer and the seller.

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