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Updated over 3 years ago on . Most recent reply
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Appraisal nightmare could lose deal in Montana
I have a deal that may be in jeopardy in Polson MT. We have been through 2 months of appraisals with 2 different appraisers both of which have refused to appraise our property because they claim that there is a lack of comparable properties in the area. The closing is 2 weeks away and I'm wondering if anyone has dealt something similar to this before and what they did to solve the problem? I also wonder if anyone here might be able to suggest a lending option in that area that would not require an appraisal?
Most Popular Reply
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I got a screaming deal on a property a while back because appraisers couldn't comp it for conventional financing. We used commercial financing and they appraised it based on NOI.