Asked by Kenneth, Chicago, IL • Tue Dec 28, 2010
I've been attempting to secure a purchase rehab loan through Wells Fargo for the past year. For various reasons, after the third aprasial with a carefully written addendum explaining all the factors that came to bear on his decsion. The apraisors evaluation was over written by the senior underwriter in what seems to be the last minute.The underwriter reduced his appraisal by 100k Can this be done? Is it legal? Does it follow FHA guidelines?
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