Work with your Real Estate Agent to see about getting the Appraisal portion of the due diligence extended. In many parts of the country, appraisals are backed up pretty significantly. But neither your lender, nor the appraiser would be responsible for any funds you lose if your earnest money deposit is lost because you did not act to cancel and the appraisal comes in low after that fact. Your agent should be on top of this for you so you don't risk losing your money. ~ Bert Carpenter, The LoansA2z Team of NEXA Mortgage ~ NMLS 40586 ~ Licensed in Arizona, California, Georgia, Oregon, and Washington. Need help in other states? We've got you covered. NEXA Mortgage is licensed in 46 states ~ www.ApplyYes.com 480-889-9000.
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