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Updated over 4 years ago on . Most recent reply

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David Monzon
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Lender doesnt find appraiser

David Monzon
Posted

Today 03-17-21.

I am purchasing a fourplex. I am closing on April 19, however the appraisal is pending. Lender is saying that doesn't find a certified appraiser. Lender says something like this ***We have been declined 12 times due to high demand of appraiser services. Being this property a multifamily is more difficult find someone for the appraisal***

 Lender does not promise anything. Just that if they find someone they will let me know. 

My credit is great and I am putting the 25 percent down they are requesting.

Have anyone have had a similar situation. Something like this. Or might be that lender is lying. 

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