re: #212 NJDhockeyfan

Ok lizards, i need some advise.

I just hit a major hurdle on the sale of my house. We are selling the house including a small plot of land owned by my sis in law. Since that land is in her name the bank says they will not close that loan. I’m sure the buyers are pissed right now. I’m fucking worried. I am in the process of buying a house in Tennessee. The appraiser added that property in the appraisal. I would think if this was going to be a huge problem that my RE agent would have seen this at the beginning. Also the appraiser should have known this.

The only option I can think of is to have the appraisal redone without that extra property and sell the house for whatever it goes down to. Am I right?

The appraiser should have seen the different names on the deeds (and read the metes and bounds on each). So, s/he should re-do it and not charge anything. If you don’t have a closing lawyer, get one. S/he can advise you best on what to do. The buyer can’t get title insurance anyway as it stands. And the buyer now has an excuse to bow out of the contract if s/he wants. Both the RE agent and appraiser should have known better.