Sunday, September 23, 2012

Appraiser refuses to finish appraisal, says land is ... - Zillow Real ...

Your lender is refusing to switch to a conventional loan? You may need another lender to take a look to see if there is another option. If the house will not go FHA due to the crawl space issue, that will limit your pool of buyers in some areas when you go to sell, but if you like the house it should not be a deal killer alone

Personally, I would not rent the place instead of exploring your options to buy. If you cannot get the financing issue handled, then you may need to find another house, but I would not give up quite yet. Many of the Zillow lenders post most Mon-Fri business hours. I would repost this question in the mortgage section Monday morn with a heading like "What do I do now? FHA refused house, can I switch to conventional?" They are smart and helpful and may be able to get you on the right track.

Source: http://www.zillow.com/advice-thread/Appraiser-refuses-to-finish-appraisal-says-land-is-worth-more-than-home-What-do-we-do-now/461011/

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