mad, sad, angry, upset, disappointed.
It's the house yep just when I thought my life in this hotel was going to be OVER!! The appraisal came back 7,000 lower than our contract amount. UNREAL!! We have NO CLUE as to why it appraised so low. I am HOPING and PRAYING that USAA will have answers for us tomorrow. Houses in this area are going from 10-20K more that our offer was so this was the last thing we expected to happen. I wonder if this appraisal person even knew what he was doing.
I guess, we are going back to square one. My heart was set on that house! I need some prayers!!
Wednesday, November 15, 2006
I am
Posted by Just Another *SINGLE* Mom at 9:17 PM
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6 comments:
I am so sorry that happen to you. We just PCS to Bragg and had a sort of similar situation. We found a house and was one week from closing and the seller backed out. We did have to start all over again and ended up in the hotel for an extra 3 weeks. I will definitly say a couple of prayers for you.
oh i'm so sorry things got messed up :( i know ur going crazy in that hotel.
Oh no what a bummer! =(
I also wanted to ask if you were doing a VA home loan. When we purchased our house there was a clause in there that said if the VA appraisal was less than the agreed-upon price they would lower it to the VA appraisal amount.
It worked out great, I got a house and for a few thousand less than I thought.
Thanks ladies for your kind words.
Keri, We are doing a VA loan. I think that since the seller has the option to back out since it was appraised so low. His agents hasn't contacted our agent yet with what they choose to do. I really don't see them letting it go for that amount, u know. BUT if they are desperate to get this house off their hands...they might. I know that they are a military family so maybe that will be the case.
=) I'll keep my fingers crossed and send positive thoughts your way.
i'm sorry that you are dealing with that I hope that it all works out. I know the hotel is hard, but it's better to find hiccups now than once you are in the house. Maybe it was just a mistake though.
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