Tag Archive for: correlate

Lenders ALWAYS Correlate to Lower of Contract Price or Appraisal

One of our borrowers has been in contract to purchase new construction in Oakland for almost 9 months. His plan was to put down 10%. Now that the property is ready, however, the property could easily be appraised for $100,000 over the contract price. The buyer and his agent were ecstatic b/c he now has […]Read More