Finance
A South Carolina lender's 'appraisal contingency' protects the buyer when:
AThe property fails a pest inspection
BThe appraised value comes in below the purchase price✓ Correct
CThe seller refuses to make repairs
DThe buyer's credit score is too low
Explanation
An appraisal contingency allows the buyer to renegotiate or withdraw from the contract (and recover earnest money) if the property appraises for less than the purchase price.
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