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Updated almost 4 years ago,

User Stats

6
Posts
4
Votes
Greg Maddox
  • Cleveland, OH
4
Votes |
6
Posts

Is there anything I can do?

Greg Maddox
  • Cleveland, OH
Posted

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?

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