Quote:
Originally Posted by Hal Jalikeakick
could you provide some more info on why you say the appraisal co can't be trusted? I currently have a commitment from American Fed, so far I've been pretty happy with them. My contact person John B. has been responsive.
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i'd be interested in hearing this as well. my appraisal came back VERY VERY low, but 1) no comparibles sold in my area in the timeframe so she had to go to use much older homes, and go to other, less expensive, towns. I have a ton of equity in my home so it didn't matter.
the days of a $200K house appraising for $650K are long gone and I think appraisal companies are very conservative now.