So I’m selling off one of my investment properties. I’m actually selling all of them because I moved out of state and am getting rid of them and replacing them with houses closer to where I live. But basically the house is supposed to close tomorrow

Well tonight I get a call from my agent which let’s be honest is usually not a good sign before a closing. Of course he says there’s and issue and closing may not happen tomorrow. He then goes on to say it’s nothing in regards to the buyers or inspection and ect but because of the lender

Basically it centers around the appraisal. The appraisal was fine, house appraised for the selling price, however the appraiser marked on his appraisal that the area the house was in is a declining market. Because of this the bank is now asking them to put more money down for the loan. I’ve been doing this for ten years and my realtor probably 30 and neither one of us have ever heard of this.

Apparently it’s a bank policy not a legal thing

Has this ever happened to y’all?…