Updated about 5 years ago on . Most recent reply
Appraiser bailed out
We are in the process of purchasing a duplex on a street full of duplexes. The problem is that no one has sold a duplex on the street in 10+ years. The appraiser could not find any comps in the area. When suggested to go off of the rental income, he bailed....2 days before closing. We had ordered the appraisal 2 weeks ago. Has anyone had this happen before?
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Appraisal should have been done two weeks ago, not ordered two weeks ago. Good luck.