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Old 06-28-2011, 12:17 PM
 
133 posts, read 432,703 times
Reputation: 45

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This is a new one for me. The lender is asking for an addendum to extend COE due to the underwriter holding out, essentially, for a better deal. The appraisal came in just above the contract price, but with slightly lower than average seller contributions. I'm still awaiting word back on whether they thought the appraisal showed bad methodology (which I thought it did) or a bad number.... Anyone else having this kind of problem? What does one do?
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Old 06-29-2011, 08:07 AM
 
3,020 posts, read 8,593,104 times
Reputation: 3282
Underwriter "holding out for a better deal"? Did he tell you that? I don't understand your question or your problem.
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Old 06-29-2011, 08:27 AM
Status: "Made the Retirement Run in under 12 parsecs!!!" (set 21 days ago)
 
Location: Cary, NC
43,176 posts, read 76,815,786 times
Reputation: 45533
This is a short sale, isn't it?
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