Sentences with phrase «if appraisals»

If an appraisal is required, the cost will be paid by the member, who is responsible for the fee whether or not the loan closes.
If the appraisal comes in lower than the amount you've agreed to pay, there's a problem.
If the appraisal satisfies both parties and the remodeling isn't too expensive, the cost of buying and renovating the library will be included in the November referendum along with the cost of building a recreation center, Park Board President Robert McKenna said.
If the appraisal process in your school is unfair or over-burdensome then collectively you should seek to secure change.
It's simply common sense and worth reminding ourselves, that by setting whole school priority informed objectives that are mutually agreed, should be a fundamental element if the appraisal process is going to support teachers professional development, student outcomes and of course inform and justify pay progression.
If an appraisal is required, we will order this for you.
This process is particularly important for mortgage applicants, as lenders only approve home loans if the appraisal value of the home matches or exceeds the sale price.
However, if your appraisal value is significantly different than expected, you may want to communicate with your loan officer and your real estate agent regarding the discrepancy.
If your appraisal is too high, you might be assuming a mortgage from which there is no escape, and you may not be able to sell...
However, if the appraisal reflects that the property can be rebuilt as - is with a variance, then the property is not considered ineligible
** If an appraisal is needed, a fee will be assessed.
If the appraisal comes in lower than the amount you've agreed to pay, there's a problem.
So if an appraisal comes back as a Q5 or Q6 (something few of us will know in advance), the loan likely will be denied by your lender.
To put it another way, you qualify for lien stripping in chapter 13 bankruptcy if an appraisal shows you owe more on your first mortgage than your home is worth.
For example, FHA requirements are so strict that if an appraisal does not meet standards in regards to noxious odors, environmental contaminants or any other health or safety violation, the loan will be turned down by the lender.
If the appraisal is credible, it is unlikely that the mortgage company will object and you'll be left with a reduced housing payment.
If the appraisal meets or exceeds the price you have offered for the home, that piece of your loan application is complete; but if the appraisal comes in too low, you will only be allowed to borrow up to the maximum of the appraised value — minus your down payment.
If the appraisal value falls below the purchase price, buyers have some thinking (and some delays) ahead.
For instance, if an appraisal of the property is required, the appraisal may not have been completed yet.
A: Louisiana home sales normally take 2 - 3 weeks, depending on if an appraisal is required.
A: West Virginia home sales normally take 2 - 3 weeks, depending on if an appraisal is required.
If the appraisal comes in lower than the purchase price, your lender will approve a loan only up to the lower amount — leaving you to decide whether you want to cover the remaining costs out of pocket or walk away from the deal.
Now, this gets a bit trickier if no appraisal was done on the property, as it would require you to call and pay for an appraisal that would give you this value, at time of purchase.
If an appraisal comes in lower than the purchase price, the lender will require the buyer to make up the difference in cash, reduce the contract price or walk away from the deal.
If the appraisal is less than the desired value and there is logical evidence to support it, an appraisal can be appealed.
If an appraisal / inspection will be required, always make the offer contingent on a favorable outcome of either an appraisal or inspection of the mobile home.
Now, if the appraisal is accurate and we base the purchase on that figure, why doesn't it match the tax office's «assessment»?
This gives you a way to back out of the deal if the appraisal comes in too low.
If an appraisal is ordered, this is another bargaining chip.
An appraisal contingency gives you the right to back out of the deal, if the appraisal comes in low (and the seller refused to reduce the price).
If the appraisal is much lower than the purchase price, you could wind up in a negative - equity situation right from the start.
A: Mobile home sales normally take 2 - 3 weeks, depending on if an appraisal is required.
If the appraisal of the property comes in lower than the sale price, the lender will probably deny the loan.
You can request removal of the PMI if your LTV ratio reaches 80 % earlier than the scheduled date because you have made extra payments etc. but the lender is not required to grant this request without further ado; the lender is allowed to ask you to pay for an appraisal to make sure that the house has not declined in value in the mean time and so you actually are at 80 % LTV, and can decline the request if you refuse to pay for the appraisal or if the appraisal shows that the value of the has decreased and so you are not actually at 80 % LTV as per the new appraised value.
If the appraisal shows the home is worth less than the agent thinks it should be then the agent can request another appraisal.
The VA program can finance up to $ 6,000 in improvements (or more if an appraisal shows the improvements will increase the property value by at least as much as they cost).
But if the appraisal comes in lower than you'd agreed to pay for the home, that could cause trouble.
If an appraisal / inspection will be required, always make the offer contingent on a favorable outcome of either an appraisal or inspection of the manufactured home.
A: Manufactured home sales normally take 2 - 3 weeks, depending on if an appraisal is required.
Then when you pick up the diamond later (if the appraisal can not be done in front of you), match up the diamond to the diagram so you know you got the same one back.
We'll provide an 800 fax number to make it as easy as possible for you to return the papers and we'll order a final credit report and determine if an appraisal is required.
A: Illinois home sales normally take 2 - 3 weeks, depending on if an appraisal is required.
But if the appraisal comes in lower than the price you agreed to pay, you'll have some decisions to make — mainly how to make up the difference in the home price and the loan amount.
A: Oregon home sales normally take 2 - 3 weeks, depending on if an appraisal is required.
The loan - to - value ratio usually can not exceed 50 percent; if the appraisal indicates that the value of the art has declined, then the borrower may have to repay a portion of the loan, reduce the size of a revolving credit facility, or pledge additional collateral to the lender.
What happens if the appraisal comes back lower than your offer?
Find out what recourse you have if the appraisal falls just short of what you need.
«If your appraisal was conducted by an out - of - town appraiser unfamiliar with your market, you have every right to demand a new appraisal,» the RISMedia article notes.
The lender will give the loan based on the appraised value of the property, and if the appraisal comes in low, you may decide to cancel the loan.
You can always leave a little cash in the property if your appraisal doesn't get you to at least 75 %.
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