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Reply to "Refi Appraisal for home came in shockingly low - 100K under what we expected"
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[quote=Anonymous]Any advice, or referrals to good mortgage brokers, agents, any one who might have insight on a bad appraisal situation? My house is tiny, close in Capitol Hill, but newly renovated and pretty slick for petite place. Two blocks south, similar houses (300 sq ft bigger) have sold recently in the 510k to 625k region, the appraisal came in at 370k. The appraiser (from VA suburbs) used comps on the other side of H street, and waaaay far out Capitol Hill, instead of more recent sales closer by. Arrggg....! Any insight, suggestions on appeal? Can anyone recommend a local mortgage person familiar with CH? Anyone have the same experience? TIA! [/quote]
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