huge dillema apperisal came in low

[Idan L.]

i am into a purchase agreement in the normandy isles gated golf community 33141 zip code

apperisal came in with a 140k difference which means i will be starting in negative equity i assume,,

the demand for the area seems to be on the raise  and the sellers would not reduce the price by mutch

meaning i need to put that 140k in cash to fill the gap is this ia really bad idea ?

[Nick Travali]

Yes thats a very bad idea to throw 140k cause it didn’t appraise.  You should be able to walk away or renegotiate the purchase price.  Even if you put 20k down, IMO, it’ll still be better to walk away than to chase it with another 140k.