Colli Real Estate

The score at home is banked higher than the selling price of purchase.?

My husband and I have put the price of an offer of of $ 105K for a house. He leans over and the property appraiser came out and assessed for $ 138 K. We know we have a good case to begin with, but one wonders what will happen next, because evaluation is higher than the purchase price. We wondered if the bank (our lender) wants us to not even approve the loan, as the price of valuation is higher than what we buy the house. Also that the bank does not take into account that if somehow the house fell into foreclosure and became bent into a home through them is to pay the difference ($ 138K-$ 105K) increase since the house is worth the sale price was. We intend to make all our payments, but I just wanted to know, because we are afraid that it will not be able to get the loan for this reason. Any advice or comments would be helpful.

The only way to be a problem for you is if the Bank decides that actually could sell the house closest to the appraised value. It could then decide reject the offer. But the bank has already agreed the sale price? If yes, then I do not see that this would be a problem. He also believes that most of the best home for the bank. If you have not lost their homes to foreclosure, the bank would have less risk of loss in value of the house. If you lose the house and 105K, so the bank has could sell the house for 138K then they could actually make money.

BANK REPO – buy it 43% below last appraisal

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