Great article about appraisal’s coming in lower than the agreed upon contract price. This situation just happened to my buyers but luckily another appraisal was ordered for good reason and it came back at the right amount… We are on our way to a smoooooth closing! Good thing because there lease is up March 1st! Phew…
http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3&id=271463
I would also like to add a compliment to a good friend of mine who is the loan officer in this transaction…
Patrick Anderson, Senior Loan Officer
Residential Finance Corporation
4010 Boyscout Blvd. Ste. 600
Tampa, FL 33607
800-930-7334 ext. 1323
Article Courtesy of: Source: “Real Estate: A Buy or Bust This Spring Selling Season?” Investor’s Business Daily (Feb. 2, 2012) and Realtor Magazine Daily News