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Get Property Inspection Waiver
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How to fill out the Property Inspection Waiver online
Filling out the Property Inspection Waiver online is a straightforward process that allows users to waive the requirement for a property inspection when applying for a loan. This guide will provide you with a step-by-step approach to ensure that you complete the form accurately and efficiently.
Follow the steps to complete your Property Inspection Waiver online.
- Click ‘Get Form’ button to access the form and open it in your preferred editing tool.
- Enter the property address in the designated field. Ensure that the address is complete and accurately reflects the location of the property related to your loan application.
- Fill in your name(s) as the borrower(s) in the appropriate fields. Use full legal names to avoid any discrepancies.
- Provide your loan number in the specified section. This number is important for tracking your application within the lending institution.
- Read through the statement acknowledging that your loan application was underwritten using an Automated Underwriting System and that a property inspection is not required. Ensure that you understand the implications of this waiver.
- Indicate your agreement to the waiver by providing your signature in the highlighted field. This ensures that you accept the terms set forth in the waiver.
- Enter the date of your signature. Be sure to use the correct date to validate your agreement.
- If there is a co-borrower, repeat steps 6 and 7 for each additional borrower by signing and dating in the respective fields.
- Review all entries for accuracy. Once you are satisfied, proceed to save any changes you made to the form.
- You can now download, print, or share the completed Property Inspection Waiver as needed for your records and communication with the lender.
Complete your Property Inspection Waiver online today!
Waiving an appraisal contingency can be a smart tactic for standing out in an extremely competitive seller's market. Doing so could eliminate a seller's fear that the deal might fall through if the property doesn't appraise for the initial asking price.
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