Asked by Lory, 93950 • Fri Oct 9, 2009
bidding war question..If the property appraisal comes back lower than the bid price, is the bank forced to sell for appraised value? I have been told by 2 realtors that potential buyers make large bids to intimidate other buyers, then the appraisal comes back lower than the offer and that becomes the selling price.Right or wrong? Thanks, Frustrated buyer
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