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 ppalmen
Joined: 18 Jun 2009
Posts: 2
2.03 Dollars($)
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 Posted: Thu Jun 18, 2009 1:00 pm Post subject: Frustrated with mortgage company and not happy with appraisa |
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Went to refinance and everything was good so I was told to get the appraisal done, the mortgage company sent an appraiser out and I paid 375.00. The comps that the mortgage company received prior to the appraisal was 224,000 - 225,000 which is where I needed it to be. The mortgage company was confident there would be no issue.
Monday I received a call from the mortgage company that the appraisal was only for 210,000 and at this time there is nothing they can do for me unless I can bring about 5,000 to settlement which I can't.
I don't have a question I just need to vent because I really wanted to go from a 7.5% to a 4.75%, not only did that not happen I ended up spending 375.00 and nothing to show for it. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 7448
Location: bloomfield, ct
70.12 Dollars($)
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| Posted: Fri Jun 19, 2009 10:10 am Post subject: |
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it's a story that repeats itself all around the country these days. values have dropped, and that affects everyone who attempts to refinance, and of course it's a favorable effect for those who desire to purchase. there's not much anyone can do about it - just wait for the upward correction, i suppose.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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manoj_gopale
Joined: 16 Feb 2009
Posts: 481
0.49 Dollars($)
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| Posted: Mon Jun 22, 2009 3:13 am Post subject: |
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ppalmen,
everywhere person rely on the single word' hope for better'. when one gets disappointed person just moves with another type of hope.Lets hope for better upward correction.
keep in touch............ |
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