Can a house be sold by the builder for more than the VA appraisal amount?

Randsjames
Randsjames
Home Buyer
San Antonio, TX

Sun May 24 2009, 11:24 - Home Buying in 17112 - 2 answers
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Terrence Charest
Terrence Charest
Agent
Willow Grove, PA

Yes, a house can be sold for more than any mortgage appraisal providing that the buyer make up the difference so that the loan amount still falls below the appraisal.

Terrence Charest, e-Pro

Sun May 24 2009, 16:47
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Dana Schuster
Dana Schuster
Agent
70461
FIRST ANSWER

No lender is going to lend more than the appraised value,so the buyer would have to make up the diffference.

Sun May 24 2009, 12:26
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