cryptology and real estate forms

[ngr]

washington dc

other than having access to the enignma machine, can someone de-cypher this.

>If the lender's appraisal is not equal to or greater than the Sales Price,
the Purchaser will have the privilege and option of proceeding with
consummation of this Contract without regard to the amount of the appraised
valuation. the Purchaser's election to proceed with consummation of this
Contract without regard to the amount of the appraised valuation will be made
within 3 days after the notification to the purchaser of the appraised value.
If the Purchaser does not make this election, it will be the Seller's option
to lower the Sales Price to the appraised value and this Contract will remain
in full force and effect at the lower Sales Price. If the Seller does not
make this election, the parties may agree to mutually acceptable terms. Each
election must be made by notice within 3 days after the notice from other
party. The parties will immediately sign any appropriate amendments. If the
parties fail to agree, this contract will become void. (end)

this was given to me buy the seller. thanks in advance.

 

[HomeGuru]

If the appraised value is lower than the sales price, the buyer can still buy or the seller has option to reduce the sales price, or negotiate the price.

The attorney that wrote that should be shot. Maybe they charged legal fees by how confusing they could be.