Castle Tioram

Posted on Sep 18, 2012 in Real Estate Info

SISA Waqa
SISA
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Sisa Waqa

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Question by : Can anything be done if my fha appraisal was denied?
I live in NY and recently agreed to terms on an fha home loan. The loan was approved and the inspection passed, this but the loan was then denied based on the appraisal, treat per the underwriter. How does an inspection pass, information pills but not the appraisal?The value of the home is below market value and there are a few issues that must be addressed, but nothing major, according to the inspector. Is there anything that can be done? Should I apply for a different type of mortgage? Any advice would be helpful. Thanks.

Best answer:

Answer by David Z
This is good news because it just saved you from paying too much.

it means the home appraised for less than purchase price you agreed to. Most lenders tell you that because you need to go back to seller.

You need to renogotiate price with seller down the appraisal amount. If seller will not comply you need to move onto next house.

You are out the cost of apprraisal but that is it.

What do you think? Answer below!

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4avg.rating 15 votes.

8 Comments

  1. Dozens and dozens of pictures of this castle but your ones stand out because of capture in the grey weather. Well done.

  2. Great shot!

    Seen in the group "LANDSCAPE DREAMS"

    LANDSCAPE DREAMS
    Congratulations!!

  3. WOW this is VERY dramatic!! you have a super potostream, also…

  4. Thanks for the image – beautiful- I’ve used it here
    white birds

  5. Hello,

    My name is Michelle Whetstone and I currently work at Cameron Dual Language Elementary. We are trying to put together a collage of pictures to showcase our dual language program. We were wondering if we can have permission to use the photograph . We would give you credit of course.. Thanks,

  6. My name is Eveline Hill. I am writing a children’s first geography/ history book for six to nine year olds. I need a picture of a ‘fairy tale’ castle and find your picture of Castle Neuschwanstein to be just what I am looking for. Can I ask your permission for me to use it? I would give you credit in my acknowledgement page. Thank you. http://www.evelinehill.com eveline@evelinehill.com

  7. However, I've read better articles on real estate info.

  8. Hope google lets more people see this site.