Appraisal came in 27k under purchase price, will I be forced to cancel?I put in an offer price of 210k on a property that was listed at $199,000 with an appraisal contingency and a clause that I'd pay up to $7,500 if appraisal came in low up to purchase price. So say for some miracle, if appraisal came at 203k, I'd still be willing to purchase property for 210k.The problem we are coming across is this is FHA loan and had to get TWO appraisals because the property was 90 day flip, first appraisal came in at 200k and second one at 183k . I think their list price at $199k was over market value when my realtor and I first looked at comps, we had expected appraisal to come in ball park of 185k-190k. I can't afford to pay more than 7500$ in cash difference. we sent an extension request for appraisal and loan contingency yesterday because they requested an appraisal rebuttal and also sent an addendum to purchase price for them to lower it to $190,500. My realtor says they will mostly likely send us a notice to buyer to perform and cancel transaction within 48 hours and I can lose my earnest deposit.What can I do from here? The seller agreed to accept my offer knowing if appraisal came lower, I'd only pay difference of $7500. They're the ones that want to dispute the appraisal and they are the ones making me not perform to contract. I am doing everything on my part.any help/advice would be much appreciated. I am truly in love with the house. It has taken me 8 months to find it and I live 2 hrs away and already in plan of moving my life into 'my new home' and I'm scared I have to start over :(June 15 2013 - Parkway00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.