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Getting Personal

Getting Personal

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Bob Moon is Marketplace’s senior business correspondent, based in Los Angeles.
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Mr. Retsinas' obviously doesn't know that an FHA appraisal stays with the property for 6 months. So when a seller accepts an FHA buyer and the FHA property appraisal comes in low - that seller is stuck with the low appraisal for 6 months. It is for this reason sellers do not want to take an FHA loan if they can sell to a buyer with conventional non-FHA financing.

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