Asked by A.M, Chicago, IL • Fri Mar 8, 2013
The house i am trying to purchase in a short sale has come in with a 120k BPO I am buying on FHA 3.5% down, but my appraisal just came back at 91k what will most likely happen in this market? I do not have the money to cover the difference. Does Chase normally give into the appraisal value? or should I expect to have to walk away from a deal that i have been trying to close since 07/2012. Thanks! BTW Chase was originally looking for 95 and I came in at 85 which then caused them to request a BPO that brought them back at 120K
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