Sentences with phrase «low appraisal of the property»

After a low appraisal of the property some lenders might be gun - shy about the loan, said Merrill.

Not exact matches

For one thing, official appraisals of industrial properties tend to be low, and certainly less than their best alternative use.

A city with a high common level of appraisal has generally over-appraised property, and therefore should pay a lower rate.

You will be required to have a current appraisal on the property as the amount of an FHA reverse mortgage is based on the home's value or the FHA insurance limit, whichever is lower.

If the appraisal of the property comes in lower than the sale price, the lender will probably deny the loan.

An appraisal may be necessary depending on the LTV (loan to value) ratio, and the uniqueness of the property, however we can many times avoid the time and expense of a full blown appraisal, by checking comparables, especially if the LTV is low.

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.

As a result of the incredibly fast market, we're seeing low appraisals, with comparable properties closing for higher prices less than a month later.

Some are real estate agents or real estate brokers who are able to persuade the bank with a handy low - ball appraisal of the property to support their offer.