We were told by the Sr. negotiator that another apprasial has been be ordered and found out that the same person is doing it again. Our first deal was shot down by the investors due to the first appraisal valued being under than the purchase price ( 50K less). With this new appraisal ordered a second time around in about three weeks, what are the chances investors will budge if the appraisal comes back the same (the appraiser is going out tomorrow)?

In a three week span, I would imagine most of the comps will be the same. I would hope with the appraisal coming in the same as the last can reinforce the adjusted price to show investors since it's been ordered by the same bank ( BOA twice) OR this can go sour whereas the investors will continue not to budge. Thoughts?

I found out that the loan is a Fannie Mae investor with no MI.