For use when an investor buyer offers to purchase an owner occupied residential dwelling against which a notice of default has been recorded.
A new paragraph referring to the Fair Appraisal Act Addendum (C.A.R. Form FAAA) is being added to each of the purchase agreements in the appraisal
paragraph (8B(3) in the RPA). The only exception is that since the NCPA does not have an appraisal contingency, the new language referring to the addendum was instead added to paragraph 4U in the grid in that form.
Revised June 2022