Archives for June 2012

How I Successfully Appealed My Home Appraisal

A few weeks ago I wrote about how my home appraisal was wrong, and how I had to appeal it.  Let's just say that sounds a whole lot easier than it actually was.  In fact, I was reading this article on Sunday, which pretty much sums up my story: Appraisers Failing to Appreciate Rise in Home Values.  The story mentioned how the National Association of Realtors found that 33% of appraisals in May had problems.  I was one of them! So here is what I did to get my home appraisal fixed.   Starting With My Lender As I mentioned when I first told my story, my lender had very strict rules it follows for appraisals.  Part of their bank's policy is to only allow one appraisal.  The only option if the buyer feels that it is wrong is to appeal it … [Read more...]