How do you challenge an FHA Appraisal? - 10/13/10 03:52 PM
I was asked today by a friend and local Realtor, how she could go about challenging a recent appraisal which was flawed.
This was an FHA appraisal which was valued about $14,000 less than sale price.  
Now I have no problem telling someone that the value just isn't there.  But there are other things to consider as well.   Was the appraisal properly developed?  Did the appraiser have "geographic competence" for that market area?  Did the appraisal truly reflect comparable sales and listings - or just the most recent ones?
The last one is a common issue.  I have performed many appraisal … (4 comments)

 
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Richard D Ferris Florida State Certified (FHA) Appraiser

Clermont, FL

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AmcAppraisalsinc.com

Address: 10535 Summit Lakes Ln, Clermont, FL, 34711

Office Phone: (877) 789-5249 x 1

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