RobertConn replied to the topic Funding a Deposit through a high Valuation in the forum Finance 11 years, 9 months ago
Banks will always go off the contract price for the lending. This is because it deemed to be a fair market price.
This is of course if its done via a real estate sale. It the transaction is between you and me they will look harder on the valuation.
I have purchased homes for far less then the value but when the bank does it valuation its always…[Read more]