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what happens if the appraisal is lower than the offer?

Understanding Low Home Appraisals: Reasons and Strategies for Buyers

When finalizing the purchase of a home, the buyer will inevitably have to deal with the results of a home appraisal. Everyone likes to think that everything will be smooth sailing from there once their offer is accepted and the house is under contract. Unfortunately, that’s not how things always go. There is always a

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Things You Should Know About Mortgage Forbearance

Things You Should Know About Mortgage Forbearance

Mortgage forbearance has been requested by a historic number of people due to the coronavirus outbreak. It’s a regular occurrence in New York City, where numerous businesses were either temporarily or permanently shuttered due to the effects of covid-19. An arrangement between the lender and borrower to postpone the foreclosure process is known as forbearance.

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