Question Details

Molly, Home Seller in Minneapolis, MN

Appraisal came in low on bank owned property.

Asked by Molly, Minneapolis, MN Wed Apr 30, 2008

We have a purchase agreement that is $ 10K over where the appraisal came in at. What are the chances that the bank will come down on the price? So far the bank has been slow to respond to everything, but we need an answer ASAP as we close on our current house in 2 weeks and need a place to move to. Any tips to get the to respond quickly? We are working with an agent who is handling the back and forth with the bank but he says these are the most difficult to reach people he has ever dealt with.

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