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Updated over 1 year ago on . Most recent reply
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Appraisal to low on flip
Is there any way to get the contract amount if the appraisal comes back to low. Appraiser is mostly going by the fact that I got a great deal when I purchased and claims he cannot justify my sale price even when there are other comps in area.
They won’t allow me to hold a second mortgage but what about an option?
Anyone familiar with this strategy?
Most Popular Reply
Quote from @Matt Stoltzfus:
Is there any way to get the contract amount if the appraisal comes back to low. Appraiser is mostly going by the fact that I got a great deal when I purchased and claims he cannot justify my sale price even when there are other comps in area.
They won’t allow me to hold a second mortgage but what about an option?
Anyone familiar with this strategy?