- Air Force cadets ‘revolt’ after officials remove biblical verse from whiteboard
- Rep. Lee: Paul Ryan out of touch with urban Americans
- House votes down resolution to force Issa to apologize
- Kremlin blocks opposition websites; Kasparov fears Putin plans ‘something drastic’
- Saving trees? EPA wastes $1.5 million storing unneeded pamphlets in warehouse
- Scott Brown Senate bid in New Hampshire may launch soon
- Jeffrey Corzine, son of ex-N.J. governor, dead at 31
- Australian surfing magazine sorry for calling indigenous surfer ‘apeish’
- Records: Man in Fla. theater shooting also was texting
- The Putin problem: U.S. needs Russian rockets for spy satellites
By Bob Dole
The industrious island has proved itself worthy of U.S. inclusion
Topic - Marcus Simon
In the midst of the excitement of buying or selling a home, few consumers want to take the time to read a lengthy document filled with legal terms that can be difficult to understand by someone without a law degree. In September 2006, the Realtor associations of the Washington area, including the Northern Virginia Association of Realtors (NVAR) and the Greater Capital Area Association of Realtors (GCAAR) introduced a new regional sales contract that simplifies the language of earlier contracts to make it easier to comprehend.
"Now there is a check box on the contract for waiving the appraisal contingency, which makes it clear to buyers that if the price of the home is greater than the appraised value they will be in default if they cannot come up with the difference in money," Mr. Simon says.
Mr. Simon says that there was no place in the previous contract to waive an appraisal contingency but that during the 2003 to 2005 market, people were willing to waive this contingency by writing an addendum to the contract.