Help!!! Bad Appraisal...
I just had an appraisal come back for 50K and the sales price is 55k?
Is there anything we can do? or is the deal dead???
Most Popular Reply
Taking a second may not be an option. The lender likely will want to have this disclosed at the point in time when the buyer's application for the loan is made. And the borrower will then have a bigger monthly payment on the combined loans - thus possibly not qualifying for the loan.