Has anyone been able to secure a 2nd ATP under FHA's PFS ;program?  Our original ATP expired, and a Wells Fargo agent advised me to have the borrower apply for a new ATP.  If this can be done, it would actually be great because the previous appraisal was dramatically over-valued, making it impossible to sell the property and yield the required net to the lender.  A new appraisal will ideally yield a more realistic value and allow us to complete the process.  Any insights or experiences?

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By the way, we have a new offer.
Yes, the next appraisal will probably be lower:)
I've only had one.  If you submit the new offer, they can simultaneously process the new ATP.

Will a new ATP necessitate a new appraisal, or will they just use the old one?  Sounds like Donna needs a new appraisal...  Thanks.

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