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I bought a home back in 05 in Florida. 2 years later I tried to sell it to no avail!! I became very annoyed that everyone else in my subdivison was selling and not me. I did some of my own investigating and got a copy of my original appraisal from the bank and found that the appraiser appraised my home gross sq ft (which he lessed) to the other homes living sq ft. The homes he used are also in the better part of my subdivison and are also are bigger lots and have lots more extras than I. Also, he did not include any photo, so I took it upon myself to go to these homes and take pictures, not one of these homes look no where near what my home looks like, also one is about 4 miles away and is in a brand new community that was just built at the time. He also said I had 10 rooms when I only have 8!! Is there anything I can do to sue him and anyone else involved? Also, what type of lawyer do I look for? I have tried Real Estate attorneys and they tell me they just handle closing and such? Help please I do not know what to do.

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi lori,

I can understand that the appraiser has not appraised your property correctly and as a result of this, you are unable to sell off the property. You can ask the appraiser to appraise the property correctly for you once again. As far as I can understand, you can be able to sue him. You can contact an appraisal fraud attorneys and check if they are ready to help you in this case.

Thanks

Like | Dislike | Share | Posted: Wed, 01/21/2009 - 21:32 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

i refinanced 2 years ago and everything went through fine, but later i found out that the appraisal is totally the wrong house, no where near my home and know i can not sell or do any equity loans, he put the house thousands of dollars above the value

Like | Dislike | Share | Posted: Wed, 02/18/2009 - 11:11 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Carol,

I think it's the fault of your appraiser. It would be better if you can contact an attorney regarding this and he will be the best person to tell you what you need to do in this case. If possible, you will be able to sue the appraiser.

Thanks

Like | Dislike | Share | Posted: Wed, 02/18/2009 - 21:41 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

When we bought the house it has 2 connected lots withing the property, the appraiser only wrote down the dimensions of one of them. Our property would have been worth more, and we would be 80 % ltv. What can we do. Can we make him redo the appraisal?

Like | Dislike | Share | Posted: Fri, 03/20/2009 - 06:53 | Post subject:

jameshogg's picture
jameshogg | Joined: December 20, 2005 02:58 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi Oshea,

If you are not satisfied with the appraisal, you can ask him to redo it. You can even contact a new appraiser and ask him/her to do the appraisal for you.

Thanks

Like | Dislike | Share | Posted: Sun, 03/22/2009 - 21:31 | Post subject:

apexoffice's picture
apexoffice | Joined: July 9, 2008 08:04 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Oshea,

You have a very common scenario. The appraisal can be done using both lots, BUT it does come with strings attached. Because they are currently parceled seperately, in order to include a seperately parceled lot, the appraisal would have to be subject to a hypothetical condition that the lots are combined in an assemblage.

It has been my experience that most lenders do not like hypothetical conditions but it would be up to the lender if they are willing to accept it like that. Most lenders require that the appraisal only include the parcel where the dwelling sits. I would start with the lender and see what can be done.

Like | Dislike | Share | Posted: Mon, 03/23/2009 - 20:06 | Post subject:

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