short sale offer: My Gainesville Short Sale Appraisal Came in Low, Now What? - 05/07/12 04:43 PM
My Gainesville Short Sale Appraisal Came in Low, Now What?
We know for a fact that mortgage lenders fund only up to but not more than the appraised value of the property.
To close the transaction, the buyer may have to increase the down payment or the seller may have to reduce the price. Any one of these or both should happen to close the deal.
Low appraisals can sure be a deal killer, but it is not the end, there are things you can do yet. Should the appraisal be lower than the sale price in the contract, here … (1 comments)