FHA Amendment Clause: Buyer Protection or Deal Breaker?
Thinking about buying a home with an FHA loan? Understanding the FHA amendatory clause is crucial for a smooth transaction. This guide explains what it is, how it impacts buyers and sellers, and provides actionable strategies for navigating this often-complex process. For more information on FHA loans during Chapter 13 bankruptcy, see this helpful resource: FHA Loan Chapter 13. What is the FHA Amendatory Clause? The FHA amendatory clause protects FHA loan borrowers if a home appraisal comes in lower than the agreed-upon sale price....