Battle of the Forms: ACA vs. LTV

Often, the loan-to-value ratio and the Appraisal Contingency Addendum are seen as being the same thing and at their basic level, they do the same thing. However, they are not the same and more importantly, as they are built into the PAR forms, they function very differently.

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Agreement of Sale to be Updated July 1

Beginning July 1, all of the agreements should have the following elements to them, where applicable: fixtures and personal property, inspection limitations and reports and the Internet of Things and recordings.

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Inspection Contingency Review

The inspection contingency in the Standard Agreement for the Sale of Real Estate (PAR Form ASR) is one of the most frequent topics for the PAR legal hotline. The election, performance and ensuing negotiations make up a procedure that – it seems – has become so commonplace that many licensees don’t know what to do […]

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Clean Slate Law helps secure housing

Pennsylvania recently began automatically sealing certain criminal records from public view. Act 56 of 2018, called the Clean Slate Law, seeks to alleviate hardships that can come as a result of having a criminal record; a criminal record is often an impediment to finding housing and employment, which makes rehabilitation difficult.

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