"Watch this" closing bank refused BUY?
I'll make this short. We put an offer on a house forclosed (California) who are listed for $ 169,000 .. (This feature was included in October 2008 and compositions for the area warrented this award.) Sure the market was more than 3 months of January, we offer FHA Loans $ 165,000, providing Accect. We have 45 days of escrow. February, appreciation FHA was $ 140,000.00 while the world tells us not to worry that the bank accepts the offer, because housing prices have declined since this house was placed on the bench always october.and sell on the market .. Realitor congratulate our two new compositions with the current assessment and sent the Vendor (foreclosure bank) THE BANK REFUSES study commissions $ 140,000.00? Needless to say we lost our home Age Groups and inspection / .. Yesterday, the house is back on the market at $ 159,000.00? Over $ 19,000 in current and apprails compositions ..??? Moral of the story the bank to do what you want .. period
Look how he had a contingency in the evaluated price in his contract. If the appraised value is very important for you (as to qualify for a loan), then you must make the approval contingent on the loan and the appraised value. Back safe, you lose all your money won.
Gordon Corsie On The East Bay Housing Market
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