low appraisal :(
07-31-2012 07:18 PM
So after a long 5 months waiting for short sale approval I finally got the written approvals from both liens. Had my home inspection this Sunday as well as my appraisal. Received the appraisal Monday and it appraised for 165000 , that's 5k less then our offer of 170k. I am hoping the sellers come down on thelist price if not I don't know whats going to happen. My realtor had me sign a new purchase agreement ans I guess we are waiting to hear back. I didn't receive any updates today. Will this drag it even longer? Has this happened to anyone? Help!