OT: Got my appraisal back for a refi…Kinda surprised.

[sdrealtor]

With such a low LTV the appraiser has a very low risk/liability and my guess is they do less than their best work under those circumstances because it doesnt much matter.

[(former)FormerSanDiegan]

[quote=flu][quote=FormerSanDiegan]It may or may not have any real merit.
Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector[/quote]

If your equity is above 30 or 40% it probably doesn;t matter. However, I was one week away from closing a couple years ago on a refi, when the underwriter discounted the appraised value by almost 15%, killing the re-fi.

[(former)FormerSanDiegan]

[quote=flu][quote=FormerSanDiegan]It may or may not have any real merit.
Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector[/quote]

If your equity is above 30 or 40% it probably doesn;t matter. However, I was one week away from closing a couple years ago on a refi, when the underwriter discounted the appraised value by almost 15%, killing the re-fi.

[(former)FormerSanDiegan]

[quote=flu][quote=FormerSanDiegan]It may or may not have any real merit.
Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector[/quote]

If your equity is above 30 or 40% it probably doesn;t matter. However, I was one week away from closing a couple years ago on a refi, when the underwriter discounted the appraised value by almost 15%, killing the re-fi.

[(former)FormerSanDiegan]

[quote=flu][quote=FormerSanDiegan]It may or may not have any real merit.
Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector[/quote]

If your equity is above 30 or 40% it probably doesn;t matter. However, I was one week away from closing a couple years ago on a refi, when the underwriter discounted the appraised value by almost 15%, killing the re-fi.

[(former)FormerSanDiegan]

[quote=flu][quote=FormerSanDiegan]It may or may not have any real merit.
Report back when the underwriter allows the appraisal value to stand (or not).[/quote]

I’ll see. I close next week, so I pretty sure it’s going to stand. There’ currently a $100k difference between this appraised value and the reassessment I just got from the SD tax collector[/quote]

If your equity is above 30 or 40% it probably doesn;t matter. However, I was one week away from closing a couple years ago on a refi, when the underwriter discounted the appraised value by almost 15%, killing the re-fi.

[Coronita]

Folks, I have dumb question. If the appraisal came back much lower, I would have used this appraisal for ammunition to request lowering my prop taxes… There is absolutely no way my home could ever sell at this appraised price, and I was going to go through and re-challenge the recently assessed value to have it lower even further…

Now what? Go back the the underwriter and challenge the appraisal? (yeah, I know. stupid right?) Should not have cleaned up the home and left it a like a pig’s den before he came. 🙂

[Coronita]

Folks, I have dumb question. If the appraisal came back much lower, I would have used this appraisal for ammunition to request lowering my prop taxes… There is absolutely no way my home could ever sell at this appraised price, and I was going to go through and re-challenge the recently assessed value to have it lower even further…

Now what? Go back the the underwriter and challenge the appraisal? (yeah, I know. stupid right?) Should not have cleaned up the home and left it a like a pig’s den before he came. 🙂

[Coronita]

Folks, I have dumb question. If the appraisal came back much lower, I would have used this appraisal for ammunition to request lowering my prop taxes… There is absolutely no way my home could ever sell at this appraised price, and I was going to go through and re-challenge the recently assessed value to have it lower even further…

Now what? Go back the the underwriter and challenge the appraisal? (yeah, I know. stupid right?) Should not have cleaned up the home and left it a like a pig’s den before he came. 🙂

[Coronita]

Folks, I have dumb question. If the appraisal came back much lower, I would have used this appraisal for ammunition to request lowering my prop taxes… There is absolutely no way my home could ever sell at this appraised price, and I was going to go through and re-challenge the recently assessed value to have it lower even further…

Now what? Go back the the underwriter and challenge the appraisal? (yeah, I know. stupid right?) Should not have cleaned up the home and left it a like a pig’s den before he came. 🙂

[Coronita]

Folks, I have dumb question. If the appraisal came back much lower, I would have used this appraisal for ammunition to request lowering my prop taxes… There is absolutely no way my home could ever sell at this appraised price, and I was going to go through and re-challenge the recently assessed value to have it lower even further…

Now what? Go back the the underwriter and challenge the appraisal? (yeah, I know. stupid right?) Should not have cleaned up the home and left it a like a pig’s den before he came. 🙂

[UCGal]

You can still challenge the taxes the old fashioned way- find recent sold comps that support your lower assessed value.

[UCGal]

You can still challenge the taxes the old fashioned way- find recent sold comps that support your lower assessed value.

[UCGal]

You can still challenge the taxes the old fashioned way- find recent sold comps that support your lower assessed value.

[UCGal]

You can still challenge the taxes the old fashioned way- find recent sold comps that support your lower assessed value.

[Author]

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