A month ago the sale of my house busted due to buyer unable to secure his loan. House was appraised at asking price - 250k. Got in contract with a second buyer and the 2nd FHA appraisal was 9k less than the first one. Based on my research and what my realtor says is that the new lender will have to go with the first appraisal? Is that correct? We are reaching out to the first lender to obtain the FHA case number and provide it to the new lender.
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/1shmyb3/fha_2nd_appraisal_came_lower_than_1st_one/
Comments
Post a Comment