Bank accepted our offer on a home, now wants a second appraisal. Why?My husband and I put an offer on a foreclosure. It was sold in 2006 for $335,000. It was foreclosed on and has been vacant for the last year. The bank listed it at $285,000 and after much negotiation, we finally agreed on $265,000. So now 2 weeks later and no contract in hand, they say they want a second appraisal to make sure they aren't selling it too low. They were the ones who had the first appraisal done so why are they questioning it now? We don't have time to wait two more weeks for another appraisal. We have a toddler and are living in temporary housing that we will be getting kicked out of in a couple weeks! Is this house worth fighting for or should we just throw in the towel and move on?November 26 2012 - Valdosta00YesReport 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.