Compare Mortgage Quotes

Refinance Rates for Today

Please enable JavaScript for the best experience.

In the mean time, check out our refinance rates!

Company Loan Type APR Est. Pmt.

Appraisal done on wrong property

Posted on: 02nd Aug, 2010 04:16 pm
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?
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.
Posted on: 02nd Aug, 2010 06:12 pm
Page loaded in 0.203 seconds.