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  • Reo Addendum to the contract

    Read Carefully the REO addendum to the contract for a new clause. Some banks insert a clause that the buyer is responsible for the difference between the contract price and the appraised value. In some instances the buyer can not use the mortgage contingency and the buyer's deposit may be lost. Do...
    Posted to Realtors / Real Estate Agents (Forum) by Moshe Cohen PhD on Thu, Sep 24 2009
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