Mortgage Blog

I have one borrower who got his offer accepted by the
lender. But he added one condition on the contract:
if the appraisal value is lower than the purchase
price, then he will add $10k to the apprasal value as
the final purchase price. And the seller accepted the
offer, and the appraisal value is $30k lower.

And he saved 20k and got the house, beating other
10+ bidders.

We are learning the tricks everyday. Is not it?