CONVENTIONAL Loans / FHA, VA & Conventional Related

Appraiser thinks differently, urgh!!!

January 7, 2011 at 4:40 am By

so one of our *CONVENTIONAL* deals, Appraised brought value in $29k below contract purchase price. Of course, agents are freaking out and throwing stones. Condo complex has resales selling below new (builder) sales and Appraiser won’t use those. Fannie Mae reportedly told Agent he should at least use the new sales in his report, but he won’t.
All you Appraisers out there . .. feel free to chime in. . .

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