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Updated about 4 years ago,
Appraiser bailed out
We are in the process of purchasing a duplex on a street full of duplexes. The problem is that no one has sold a duplex on the street in 10+ years. The appraiser could not find any comps in the area. When suggested to go off of the rental income, he bailed....2 days before closing. We had ordered the appraisal 2 weeks ago. Has anyone had this happen before?