Very common in Calif. to have multiplt appraisals and if there are multiple lenders in a rising
market with low inventory, then 4-5 months out, the 2nd lender and first lender do ask
for new appraisals.
We loose 2-3 transactions a year in silicon valley on short sales that take time, and values rise.
Sure, our buyer says s/he cant afford it and walks away.
Bank forecloses and ohhh lallalla !!
BOA will not order another appraisal. If you are financing, is your lender the one will be ordering a new appraisal in order to give you the loan. If is a cash deal, they will accepted at that price.