Common use of FHA Clause in Contracts

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

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 264 293 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of ▇▇▇▇▇▇▇ 265 294 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA requirements, a 266 295 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 267 296 setting forth the appraised value of the Property of not less than $_N/A $ . The purchaser (Buyer) shall have the privilege 268 297 and option of proceeding with the consummation of this Contract without regard to the amount of the appraised valuation. The 269 298 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will 270 299 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (Buyer) should satisfy 271 300 himself/herself/themselves that the price and condition of the Property are acceptable.

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser 228 (Buyer) 264 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of 229 ▇▇▇▇▇▇▇ 265 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA 230 requirements, a 266 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct 231 Endorsement lender, 267 setting forth the appraised value of the Property of not less than $_N/A $ .$ . 232 The purchaser (Buyer) shall have the privilege 268 and option of proceeding with the consummation of this Contract without regard to 233 the amount of the appraised valuation. The 269 appraised valuation is arrived at to determine the maximum mortgage the Department 234 of Housing and Urban Development will 270 insure. HUD does not warrant the value nor the condition of the Property. The purchaser 235 (Buyer▇▇▇▇▇) should satisfy 271 himself/herself/themselves herself that the price and condition of the Property are acceptable.

FHA. It is expressly agreed that, notwithstanding any other provisions of this Contract, the purchaser (Buyer) 264 288 shall not be obligated to complete the purchase of the Property described herein or to incur any penalty by forfeiture of ▇▇▇▇▇▇▇ 265 289 Money deposits or otherwise unless the purchaser (Buyer) has been given, in accordance with HUD/FHA or VA requirements, a 266 290 written statement issued by the Federal Housing Commissioner, Department of Veterans Affairs, or a Direct Endorsement lender, 267 291 setting forth the appraised value of the Property of not less than $_N/A $ . The purchaser (Buyer) shall have the privilege 268 292 and option of proceeding with the consummation of this Contract without regard to the amount of the appraised valuation. The 269 293 appraised valuation is arrived at to determine the maximum mortgage the Department of Housing and Urban Development will 270 294 insure. HUD does not warrant the value nor the condition of the Property. The purchaser (Buyer) should satisfy 271 295 himself/herself/themselves that the price and condition of the Property are acceptable.