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Appraisal done on wrong property

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jenkjoe Guest	Posted: Mon Aug 02, 2010 4:16 pm    Post subject: Appraisal done on wrong property Like 0 Dislike 0 Recently we refinanced our home mortage. We were told that we need to have $5,000 at closing to get us to the 80/20 ltv, which we complied with to get the refinance completed. We asked for a copy of the appriasal after we closed because we never received one. After reviewing the report, it appeared that they appraised the wrong property. I contacted the appraiser and he said, I remember that appraisal. It was this property and this house.....I said that isn't our house (i had a black and white copy and couldn't see a clear picture of the house but it clearly did't look like our house). He appraised the house next door. He admitted his error and indicated that I would need to contact the back to see what could be done. What is the legal recourse do we or should we take? _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
eric1 Community Expert Joined: 04 Jan 2009 Posts: 1511 226.93 Dollars($)	Posted: Mon Aug 02, 2010 6:12 pm    Post subject: Like 0 Dislike 0 If the loan already closed, then I would keep your mouth shut. Saying something can do more harm than good. You have nothing to gain and only stand to lose. _________________ Eric JFree Rate Quote, Stated Income Loans FHA RATE QUOTE Mortgage Rate Quote

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