Danman1111R
Junior Member
What is the name of your state?Florida
I have a condo under contract for $270,000; it has appraised for $250,000. The Realtor that represented me in this transaction was a dual agent and also represented the seller. I have deposited $10,000 as earnest money. The lender will not approve a loan for the full purchase price because of the lower appraisal.
I am in a bind; what is the best course of action for me to take?
I have a condo under contract for $270,000; it has appraised for $250,000. The Realtor that represented me in this transaction was a dual agent and also represented the seller. I have deposited $10,000 as earnest money. The lender will not approve a loan for the full purchase price because of the lower appraisal.
I am in a bind; what is the best course of action for me to take?