If the appraiser genuinely thought it was worth more (or, less), the Report should reflect that.Unless the sale is a foreclosure or short sale (or there could be other circumstances), where an arms length transaction IS required LEGALLY based on the Lender's stipulation, then why worry?

Stipulate an inspection period in your offer.

Joe Burns Because I purchased a coop they have a sublease policy that stipulates you may not rent out your apartment for longer then a set period of time (our building has a two-year max for the entire time you own your place).

Yes, you can get a loan, but there are lots of stipulations to that.  

The management's contract with the association likely stipulates how much notice you would need to give their office that you'll be coming to inspect those records.

Does anyone know of a good, inexpensive R.E. attorney or title company in the NYC area & At what point is the title search done when you come across a property you're interested in; is it before or after the contract is signed but w/ title stipulations/clauses?

I'm just trying to make sure there are no stipulations that we actually have to reside there until the loan is paid off.

FHA, VA, HUD, etc.) might have certain stipulations applied.

Our leases forbid subletting and even stipulate what qualifies as a house guest versus tenant.  

To be clear, I have no experience with this loan type, so maybe I am totally misunderstanding the process.Can the bank actually control the work I do, meaning can the bank say that the homeowner can't do the work, or is the stipulation actually that the homeowner can't do the work and then take a draw from the renovation budget.