Having a bid accepted on a new home right now is a big challenge. But even once the bid is accepted, your transferees may be seeing issues cropping up during the appraisal process. Appraisal gaps resulting from rapidly increasing home prices and bids over the asking price are causing headaches for many mortgage borrowers.
U.S. Bank presents a white paper that offers background on appraisal gaps and steps you and your transferees can take to overcome the challenges they present.
Click here to read Managing the impacts of appraisal gaps in a hot housing market.