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Updated almost 4 years ago,
Is there anything I can do?
So an investment property is listed for 150k. This property was appraised at 150k, the bank issued out a second appraisal. This appraisal came in at 130k , this is not beneficial to the deal. The bank threw out the 150k appraisal and stuck with the 130k appraisal. So of course we challenged this but the bank stuck firmly with the 130k appraisal. I’m not sure how that works , why it works like that and what can be done about this if anything?