Time Frames to Negotiate a Low Appraisal – Conv Loan – RE Forms Contract
|Time Frames to Negotiate a Low Appraisal – Conv Loan – RE Forms Contract How to negotiate a low appraisal on a Conventional Loan in the RE Forms (“FMLS Contract”) contract. What is the process? What are the time frames? May a Buyer simply terminate the contract? What happens to the Earnest Money? In Georgia, what’s the difference between the processes in Georgia Association of REALTORS (GAR) vs. RE Forms? Watch the video to find out! |
Low Appraisal – Conv Loan – GAR Contract: https://youtu.be/RdFNzqLGlbQ
Do Exhibits Need to Be Attached? – https://youtu.be/lBIZvz8LlLI
00:42 The Situation
01:13 RE Forms RE100 – Contract for Purchase of Real Property in Georgia Paragraph 6.2
02:03 RE Forms RE1 – Standard Terms for Purchase of Real Property in GA Paragraph 6.2
03:18 What Happens if Appraisal is lower than Sale Price
04:16 Similarities on this issue between GAR Forms & RE Forms
04:55 Differences on this issue between GAR Forms & RE Forms
05:55 Biggest Difference Between GAR Forms & RE Forms regarding Low Appraisal Conventional Loan 06:15 Bottom Line for Low Appraisal Conv Loan RE Forms
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