appraisal: Credit Denial...Because your Appraisal was too HIGH!!
- 01/16/10 03:41 AM
Yes, you read that right. I was turned down on a recent refi because the appraisal came back too high. I never imagined that I'd see the day when that happened, but maybe it's an effect of a mortgage industry running scared amidst accusations of fraud. Personally, I'm more than a little bit upset over the whole deal. You see, last year I ran across a property that had some great potential. It was a foreclosure 2BR/1BA raised ranch with a full concrete basement and a 1 car garage, situated on 1/3 of an acre. It was a small house, smaller (64 comments)
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