So the appraisal was turned into the lender today. Apparently she called the moment it crossed her desk.
Unfortunately, we still don't know what exactly that means. It's strange because this appraiser actually valued the property less than the asking price. Even though it was the seller's appraiser. Um, okay. The first appraisal we had with the first lender, the one that said absolutely don't lend on this unless it's fixed first, said it was easily worth what we offered for it, even in spite of the problems. So the lender's going to find out if the appraiser made a mistake. If he says he didn't, the lender's going to use their own appraiser.
And then we will wait some more. Although she says that her appraiser can turn it around pretty quickly.
Wonder why we didn't get to use that appraiser in the first place.
Hopefully tomorrow we'll find out. Oh, it would be so nice to find out. In spite of all the waiting and worrying and wondering, I would still like to get the little house.
Maybe that's what took so long? Maybe the appraiser found some new issues, or just disagreed with the original appraisal, and had to take the time to talk with the seller and let them know that he was about that appraise their property at a lower value?
ReplyDeleteJust a thought.
-Matthew