Thoughts of R Scott Pierce Real Estate Appraiser

I recently spoke to Homeownership Center to get a clarification on how they want cases handled when there are addendums to sales contracts after the appraisal has been completed.  Specifically when lenders ask to change the sales price to the appraised value. Which occurs when the home does not appraise at its sales price.  

FHA's stance is that it should be handled in underwriting and no changes made to the appraisal. It is their belief and arguable so that it would constitute a new appraisal if facts are changed and the only time they allow for the original appraisal to have any changes is for corrections of errors or omissions and cannot take into consideration any new information that was not known and available at the time of the appraisal.

I asked if that could be put in writing or sent out as a memo and they said if there were any questions  the underwriter can call there known HUD Rep., as it is an underwriting issue not an appraisal issue.

I have been handling this situation in an addendum.  Stating the parties have changed the sales price to ?    due to the appraisal.  And, per the underwriter I have included this change in this addendum, but have not changed the original appraisal or the original sales price.