Answers to Your Questions About the Third Party and Appraisal Addenda

The hot seller’s market in Texas has created confusing situations involving financing and appraisals. To answer your questions about these issues, Texas REALTORS® hosted a webinar with Ron Walker, co-chair of the Texas Real Estate Commission Broker-Lawyer Committee and former general counsel for Texas REALTORS®. He explained how to use the Third Party Financing Addendum and the Addendum Concerning Right to Terminate Due to Lender’s Appraisal. 

Read a recap of the webinar, and see his answers to member questions about the real-world scenarios you are facing. 

Note: The print version of this article in the July issue of Texas REALTOR® contained an incorrect example regarding use of Paragraph 2(ii)  of the Addendum Concerning Right to Terminate Due to Lender’s Appraisal. This online version has been corrected.

#addendum #appraisal #webinar