But the independent appraiser licensed to do the job is the one in charge, not the. There are options if the appraisal comes in low; Ask for an appraisal review.. For FHA loans, there is a 120-day validity period for appraisals, which can be.
Then when sale does not complete due to the low appraisal the seller accepts a conventional loan offer and property appraised for sellingprice or higher. fha appraisers are to timid due to being scared they will lose their license to do FHA appraisals. 90% of foreclosures are FHA and VA loans due to the low credit score standard and low down.