We're in the process of buying a house. We paid for an appraisal and it came in MUCH lower than the asking price. We sort of figured it would. The seller's listing agent told us she told the sellers to come down in their asking price, but they didn't. We're trying to purchase the house using a grant program so there's no wiggle room for "paying extra" towards the price the seller originally wanted ($17,000 more). The sellers decided they want to do a second appraisal. Which appraisal will my mortgage company use in order to provide me with a loan?
Thank you
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