June 25th, 2012 12:08 PM by Eric Fang
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 purchaseprice, then he will add $10k to the apprasal value asthe final purchase price. And the seller accepted theoffer, 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?