Thanks for the perspective regarding appraisal options. I think my case was a clear example of the appraiser taking the path of least resistance. The value would have been more than enough at that time (from my perspective)to make it subject to repair, but it was easier for them to suggest that they come back in a week to complete the appraisal. But perhaps the broker/lender needed to get it to 70% LTV in order to pocket a larger spread premium or something. Cleaner for all the parties, but a hassle for me worrying whether or not I would lose my lock (didn’t). In addition to the sink, there were a couple of contractors in the house at the time doing some clean-up work and the furniture was not all in place.
The main point on this Jonestown property is that the pool of buyers is further limited by limitations of available funds and extra hoops for a partially completed wreck.
