Tuesday, December 2, 2014

Appraisal came back higher than selling price. Can the lender approve for lower of the two?

Sales price of 120, offered 130.
The lender's appraisal came back at 132 and only want to approve loan for the lower of the two which is the 120. Can they do that? How can I get them to lend based on the amount I had already offered?

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