Quote:
Originally Posted by hcv123
2) When I bought my 1st house, I pursued financing through 2 different lenders (my nature). They each brought in their own "professional" appraiser. 1 appraisal came in at 420K. The other at 520K. Sorry, but based on my experience - PLENTY of pick and choose!
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I can believe you prior to a certain date but as someone who worked for the largest mortgage lender in the country and now works for the largest government sponsored mortgage investor in the country, I can assure you that if there is now the slightest proven impropriety the appraiser and appraisal is gone forever. The Wild West of appraisal is long gone. Now, you more than likely would forced to use the first appraisal in even if the second comes in a million higher unless you can prove error in the first by negligence. Trust me, it’s not easy.
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- Justin D.
Player collecting - Lance Parrish, Jim Davenport, John Norlander.
Successful B/S/T with - Highstep74, Northviewcats, pencil1974, T2069bk, tjenkins, wilkiebaby11, baez578, Bocabirdman, maddux31, Leon, Just-Collect, bigfish, quinnsryche...and a whole bunch more, I stopped keeping track, lol.
Last edited by JustinD; 01-04-2023 at 07:17 PM.
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