The Comprehensive Rider to the Residential Contract for Sale and Purchase FHA is an additional document that supplements the main contract in the process of buying and selling a residential property. This rider is specifically designed for properties that are being financed through the Federal Housing Administration (FHA).

The purpose of the Comprehensive Rider is to provide additional terms and conditions that will govern the transaction, which are not included in the main contract. These terms are included in the rider to ensure that the transaction complies with the requirements and standards of the FHA.

One of the key provisions of the Comprehensive Rider is the requirement for the seller to provide a clear and marketable title to the property. This means that there should be no liens, judgments, or other encumbrances on the property, which would prevent the buyer from taking clear ownership of it. The seller is also required to provide a title insurance policy that guarantees a clear title.

Another important provision is the requirement for the seller to make certain repairs to the property before the sale is completed. These repairs are usually related to safety and health issues, such as plumbing, electrical, and structural issues. The repairs must be completed before the buyer can take possession of the property.

The Comprehensive Rider also includes provisions related to the appraisal of the property. The FHA requires that the property be appraised by an FHA-approved appraiser to ensure that it meets certain standards. The rider also requires the seller to allow the appraiser access to the property for the purpose of conducting the appraisal.

Finally, the Comprehensive Rider includes provisions related to the financing of the property. The rider requires the buyer to obtain FHA financing for the purchase of the property and provides details on the financing process. Additionally, the rider requires the buyer to pay certain fees associated with the FHA financing process.

In conclusion, the Comprehensive Rider to the Residential Contract for Sale and Purchase FHA is an important document that supplements the main contract in the process of buying and selling a residential property. This rider includes additional terms and conditions that are specific to properties being financed through the Federal Housing Administration to ensure that the transaction complies with FHA requirements and standards. It is important for both the buyer and the seller to understand the provisions of this rider before entering into a transaction.