Buyers changing financing AFTER contract signed and Inspection & Appraisal done

[ezybrezy]

I have a question. We got an offer on our home with conventional buyers stating that they were putting 20% down. (It's stated in the offer contract) We were supposed to close escrow this week and when I called escrow, they said that there was an error that the lender made and the buyers have to re-sign the loan docs and re-submit them. I was frustrated but was going with it. Then today my escrow officer just sent me 2 forms and said, please sign these 2 forms and fax them back to me by monday morning so you could get funded. One was an addendum to HUD-1 statement and one was a amendatory clause/real estate certification. When I looked this up, it said that this was for FHA buyers. The escrow officer didn't explain anything to me and it's the weekend.
There was an appraisal on the property and it appraised at the offer price. Is there anything I should be concerned about? Should I sign the papers?

[farmermac]

Would you rather them just cancel the contract? Wait until something bad actually happens before freaking out

[manderly6]

Do you know what you are being asked to sign and what the ramifications are for signing them?

[Silverfall]

The Amendatory clause is a required document for FHA and VA loans. Sounds like your buyers switched loans on you.

[2bindenver]

Does the net to you change? If not then sign.