Contract Price

[ZZGAMAZZ]

Both.

If the appraiser 'MUST' (as you'll be forced to agree), then the directive is for the appraiser. I'm cool with your assertion that the underwriter has to verify that the appraiser did, but the fact remains that it's the appraiser who MUST, not the underwriter. In which case, the guidance is written for the appraiser.

To carry your logic to its conclusion: the Selling Guide isn't written for the appraiser, thus the appraiser does not need to follow it, because it's written for the underwriter. That is ludicrous.

Sir, Point-of-Order: Ms. G is never "forced to agree"about anything !!!!!!!!!!!!!!!!!!!!!! LOL

 

[Dublin ohio]

Possible out of context, but....would that require the report being conditioned "subect to" te price being provided????

But the second you sign the report, that condition has been fulfilled

 

[Dublin ohio]

Please clarify your comment that ".... the contract price will be the appraised value." It sounds like you are implying an inherent correlaation between the two values although that's obviously not true, although the two might coincidentally be identical. Thanks,

Read the op

 

[ZZGAMAZZ]

But the second you sign the report, that condition has been fulfilled

So..... if the contract describes the appraisal contingency--that the offer/contract will be based upon the appraised OV--the contract price can be reported in the 1004 as being identical to the OV. Can't orgue with that, although that does't seem to reflect the original post (which i can't find). But if so, the theassignment would be completed!!!!

 

[djd09]

there is no contract if it is not fully executed...send it back to the lender and put it on hold...squeal piggy squeal

 

[Dublin ohio]

So..... if the contract describes the appraisal contingency--that the offer/contract will be based upon the appraised OV--the contract price can be reported in the 1004 as being identical to the OV. Can't orgue with that, although that does't seem to reflect the original post (which i can't find). But if so, the theassignment would be completed!!!!

Sorry for partially duplicate post. I need to clarify. I have a 1004 conventional purchase. The contract states the buyer agrees to purchase based on appraised value and does not provide a contract price. Can I do this? Fannie Mae states I must enter a contract price?

 

[Dublin ohio]

squeal piggy squeal

As opposed to your braying

 

[ZZGAMAZZ]

As opposed to your braying

.... flashback above to you guys arguing.... to my grandmother and grandfather arguing non-stop. She would say "Merle." He would say "Bertha." That's it. Over n over. Back n forth. All day. Every Day. For Years. I was a little kid with absolutely no idea of who Merle ad Bertha were.

 

[sputnam]

• 10

• Possible out of context, but....would that require the report being conditioned "subect to" te price being provided????

  Not necessary. Just review and analyze the contract that you are given and report the results of your contract analysis.

 

[J Grant]

Possible out of context, but....would that require the report being conditioned "subect to" te price being provided????

No.