What must a Buyer do to terminate a contract WITHOUT penalty (i.e. not lose their Earnest money or not be sued for default) if the appraisal comes in low and they are getting a Conventional Loan and they are binding under a Georgia Association of Realtors (GAR) contract with a Conventional Loan Contingency Exhibit? Watch the video to find out! This information varies if 1) Buyer is getting an FHA or VA Insured Loan and 2) Buyer is binding under a different contract form.
Click Here for Video from Last Week: Make Sure to Do This if the Appraisal Comes in Low on a Conventional Loan