Annies Mailbag: A Form 35R for the File & an Addendum for Buyer's Lender? ...Fraud? скачать в хорошем качестве

Annies Mailbag: A Form 35R for the File & an Addendum for Buyer's Lender? ...Fraud?

#WRLegalHotline Lawyer Annie Fitzsimmons clears up whether this practice below is fraud or not in our Friday Video Update. "We have several REALTORS in town that are following advice from a lender, who asks them to negotiate the terms on the Form 35R, but then after the parties have agreed on the Form 35R to rewrite the agreement on a blank addendum, leaving out all reference to the inspection or repairs so that the lender's underwriter never sees the form 35R. We have been told that the correct practice is to have one 35R for the office file and a different addendum that the buyer turns in to their lender. We feel like this is fraud and refuse to participate in this practice. What is the right approach?" For more information on Washington REALTORS®, visit www.warealtor.org -------------------------- Legal Hotline Video featuring Annie Fitzsimmons, Washington REALTORS® Legal Hotline Lawyer - The Legal Hotline is a Washington REALTOR® Member only benefit. These videos are intended for Washington REALTOR® members. If you have questions and are a primary member in good standing with Washington REALTORS®, visit www.warealtor.org to contact the Legal Hotline Lawyer. You will need your NRDS ID and password to inquire with the Legal Hotline or search the database. Copyright © 2021 Washington REALTORS®. Please contact Washington REALTORS® (1-800-562-6024 ) before using this video outside of YouTube.