Can't get loan because appraiser screwed up

[Mike S.]

I wasn't sure where to post this. I don't know if it's better suited for the buyer or seller forum. I'm asking this to hopefully help an elderly friend who is trying to sell their house.

They recently got their house appraised and the appraisers screwed up and even though they corrected their mistake, the bank will not give a loan to the buyers because of the mistake. The appraiser mistakenly stated that there was a problem with the foundation. I think something was mentioned about the floors and walls needing repainting and reflooring. The bank says the floors and walls need work before they will give a loan.

As of right now, the buyer is trying to get some sort of special loan where I think they have to fix up the house before buying it. I don't understand it but the end result is that my friend will not be able to buy a house for 2-3 months (the time it will take for the buyers to get the loan) and instead will have to rent which is an incredibly huge problem. It would be better all around if the bank would just give the loan right now. Is there a way to get around the mistake the appraisers made? Even though they fixed it, the bank is acting like they didn't. Is that even legal? What if the buyers just used another bank? Can they do that? I'm sorry I don't have more information, a lot of this stuff goes right over my head. I'm just trying to help my friend who is on the verge of a nervous breakdown.