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Joshua Putnam
 
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In article
. com,
says...

Well, now, 10 days
before settlement, the bank says that Freddie Mac "doesn't like" the
appraisal because the comparison properties are too far away! The
nearest multi-family that sold is 3.5 miles away... and is well over
the price I agreed to pay for the property I am purchasing. It appears
that the bank is unhappy with the rate they promised and are trying to
kill the deal.


Sounds more like they didn't get adequate documentation for the
loan underwriters.

Loan underwriters really can be that picky, they're in the
business of making sure the loan officer doesn't let you borrow
other people's money for a high-risk loan at a low-risk rate.

--
is Joshua Putnam
http://www.phred.org/~josh/
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