Each person signing this Affidavit understands that any misrepresentation made by him or her in the Affidavit may subject him or her to civil and criminal liability.In light of this language, my client has decided to comply completely so that they don't face any kind of liabilities.

Did you comply with the law as far as timelines and information provided about the deposit?

As time goes by and as offers are made, they can justify reducing an asking price and comply with their internal requirements.What a bank may be asking on a property may not have anything at all to do with a market value, initially.

So doing any ARM will need to be disclosed within this tolorence and frankly, most seller won't be able to comply with the math required!

We comply, and also add that our appraisal must meet this also, which after all it turned out it did).

The contract I have used in the past specifically state that in cause of failure to comply with the contract then it will be considered a lease and eviction proceedings will be used.

I have read Trendmls and NAR guidelines and would fully comply.

No one likes the paperwork the lenders make us comply with, but if we want to stay in this business we need to get it done.

DEFAULT: If Buyer fails to comply with this contract, Buyer will be in default, and Seller may, as Seller’s sole remedy, terminate this contract and receive the earnest money as liquidated damages, thereby releasing both parties from this contract.That's part of the standard TREC (Texas) contract here; your state may be different, so always check with your attorney.

This includes those transactions complying with the additional conditions set forth in the Waiver.1The property seller’s acquisition cost is defined as what the seller paid to acquire the subject property.