Posted by E.Eka on October 20, 2003 at 15:34:24:
the Realtor is an idiot. If he/she knows that the appraisal is less than the asking price, how could he/she expect you to still want to buy the house? In essence, you’ll end up with the same problem if you buy that house. Tell the bank to type you a letter stating what they said or at least show the amount that they will loan you. Every bank/mortgage lender must provide that. There is no need to pay any money. Tell them to type you a letter.