Construction Contracts Loan Officers Reconsideration of Value 
Cleveland Appraisal Blog
MARCH 30, 2021
Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. They also had basements.
Birmingham Appraisal
SEPTEMBER 15, 2022
The AMC scenario was put into place several years ago to reduce direct contact between the loan officer and the appraiser, however as I said it can be a slower process. What If The Appraisal Is Less Than The Contract? There is always the possibility that the appraisal value is less than the contract price.
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