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Lucien Vaillancourt

""Call Lucien For Your Real Estate Solution""
  • 16 Helpful Answers
  • 43 Answers
  • 4 Listings
Agent at Realty Executives
Experience:
REALTOR/Broker Associate for Realty Executives October 1998—present
Serving Jacksonville home sellers and buyers since 1998. Member of the National Association…
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Specialties:
My specialty is residential single family homes in the southside and intracoastal areas of Jacksonville. As of late I have also enjoyed a 100% success ... show more
Certifications
& Awards:
GRI
E_PRO
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Interests:
Offshore fishing.
About:
When you are buying or selling property in the Jacksonville Florida Real Estate market, it´s important to have confidence in your real estate professional. ... show more
Testimonials:
""Lucien, we want to thank you for helping us get through the process of relocating to Tampa. We relied on you heavily during our absence throughout this ... show more
Lucien Vaillancourt answered:
I am curious why the lender would ask for another appraisal. Usually if the lender questions the appraisal they will ask for additional comps to support the stated value. The purchase and sale agreement used by local realtors covers FHA financing and states that the purchaser is not obligated to complete the purchase if the appraised value comes in below a specified dollar amount (usually the agreed upon price) but has the privalege and option of proceeding. The FHA loan gurantee amount will be based on the appraised value so if the purchaser decides to proceed with the purchase as written they will have to have the means to pay you the difference in cash. I don't believe the FHA will allow a second lien but I suggest you consult with a mortgage lender to be certain. - Mon Dec 7 2009, 06:30

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