Countrywide low balled us on our home appraisal for our refinance!? Help? - countrywide appraisal
We are refinancing our house. 2 years ago, we have estimated our house at 207,000. We are currently trying to refinance through Countrywide Home Loans. We paid $ 450 in his pocket to have our house know-how. The woman came and was perhaps in the 20s years. She was very friendly. We were close in agreement when we learn that our new appriasal to 200,000. It makes no sense for us, as we recently our whole house with new carpet Burb recarpeted and install a new roof / shingles. Like our downgrade in 2 years when our house is perfectly in excellent condition? We have a large house of 2800 square meters, that is our home value of only 72.00 square meters. This has really screwed as we needed to get some money to get pay some bills. What do we do now? We have some calls and are still waiting for that call someone at home. Can anyone offer some advice? Thank you!
Saturday, January 23, 2010
Countrywide Appraisal Countrywide Low Balled Us On Our Home Appraisal For Our Refinance!? Help?
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3 comments:
Unfortunately, this happens for everyone, because there was a wave of foreclosures and new homes provided by developers who do not sell built. Have in my area, home prices dropped 30% since 2007, and many owners are upside down. All you can do is hire another appraiser, have extensive internal and external evaluators and the hope for a different number to reach. I give the evaluators a list of improvements (especially those who can not see) that are permanently in the value of the house, always gives me a greater appreciation of the neighbors who had only one unit of assessment. Carpet is not much value, but the roof is new. In addition, an update (not the base constructor) equipment, accessories, countertops, windows, insulation, air conditioning, sprinklers, water heaters, whole house filtration / system d "softening, treatment of the wall (eg wood, moldings with the size of the database), (stone, wood), patio or terrace, location, duration and upgrades at home, that add value. With all the improvementss that we have our home, the economy, foreclosures, and new residential construction done in our region, still only 30% were successful, because everyone is starting from a higher value than it did.
You have not read the newspaper or the news a lot lately right? Do you know this financial crisis, which has said in the past 7-9 months? It is mainly due to falling property prices. On the proportion of 20%, 30% and 40%. And you complain that your house is only 3.5% declined in value? I suggest you start reading the news in order to understand this situation better.
In fact, paid by the equity in your home accounts, is a road to perdition. You have to pay another law, and more debt. In addition to learning about current events, it seems that you have to learn to live within their means. Good luck.
His assessment was reduced because the total value of real estate has become across the country. Unfortunately, the bank is in what you think the house is worth interest - they want to know what they could sell if you do not pay their loans.
I sat down with a local broker and ask them to have an estimated price, so that if the fight is still worthwhile, may determine.
Moreover, it is a good idea to use your house as a piggy bank. Directly in front of this option if you do not go find another way to pay bills. Please note credit cards in circulation, you can pay your credit score and a car loan without having to ruin is to take the bus, but a mortgage is, without charge, they are homeless.
If you can not get an estimate for the amount you need and other ways to reduce their budget and increase revenue to repay the loan.
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