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Appraisal Horror Story – If Appraisers Only Knew the Damage Caused

Appraisal Came In Low We had an appraisal come in at $559,000 yesterday, a mere $2,000 below the purchase price of $561,000. It was the “2nd appraisal” for a transaction requiring two appraisals. We were confident about value, so we drew loan documents based on the first appraisal. In addition, the borrower had signed and […]Read More