Legal Question in Real Estate Law in Florida

What does it mean, ''Appraisal of the home by the Buyer's lender is insufficient to meet terms of the Loan Commitment''

Asked on 8/06/13, 7:58 am

1 Answer from Attorneys

Barry Stein De Cardenas, Freixas, Stein & Zachary

It means the appraisal shows the house is of a lower value then the lender would require to provide commitment.

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Answered on 8/06/13, 8:00 am

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