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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]Whoa, $100k sounds like a huge percentage in your case. Appraisers are far from perfect or even knowledgeable, and many got their appraisal certificates via online programs. Furthermore, banks are under the gun and telling appraisers to be uber-conservative. They're frankly making it difficult for values to go up, given they're pegging values to low comps from last year and the last 9 months. Our appraiser literally threw out some comps saying "those buyers overpaid". WTF. What bank are you using?, if they keep up that policy of lame appraisers no one will go to them. [/quote]
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