housing market: Can underwriters possibly use less common sense???
- 09/03/08 01:10 PM
Okay, I just received a call from the appraiser on a deal that is supposed to close in two days. I am representing the home buyer. The underwriter has added a stipulation to the appraisal due to a couple of pieces of furniture that were still in the home when the appraiser shot the pictures of the home during the appraisal. The underwriter added the stipulation to the appraisal with the following logic: If the home still has furniture in it then it cannot possibly be vacant as the listing suggests so I must stipulate that the home must be vacant (1 comments)