Contracts to purchase homes often come with appraisal contingencies. These protect would-be buyers in the event the VA appraisal determines the home is worth less than what they agreed to pay. VA loans feature their own unique appraisal contingency known as the VA Amendment to Contract. This key document must be signed by both buyer and seller.
0:20 – Purpose of Amendment to Contract
0:32 – Earnest Money
0:56 – Real World Example
1:56 – Purchasing Distressed Property
Learn more about the VA Amendment to Contract: https://www.veteransunited.com/education/library/va-amendment-to-contract/
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