Valued Contributor
Jazzzy
Posts: 2,679
Registered: ‎07-29-2009
Re: low appraisal :(

If this is a short sale, then it is the lender that will be deciding what they will accept. I can't believe they'd want to start over for an additional $5,000. My guess is that they close the deal at the appraised price. If you have two or more lenders, however, then it gets a bit more tricky. More people have to agree.