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July GCAAR Form Updates

July GCAAR Form Updates

GCAAR has made several form updates effective July 2022. Some of the pertinent updates are: The Financial Information Form has been removed from the library. The Post Settlement Occupancy Addendum has been updated to clarify costs, walk thru time/day, and who holds the security deposit. Appraisal language has been clarified…

What is an Appraisal Waiver?

What is an Appraisal Waiver?

Normally during the home loan process, the lender will require an appraisal of the home. The bank needs to know that the home is worth at least as much as the requested loan. The purchaser wants to know this too! The bank wants to protect themselves in the unfortunate event…