The appraisal on this property came in high. Although this property faces an 8 lane road right in the middle of commercial properties and sits adjacent to a major freeway, the appraiser still comped it the same as the cute cottagey properties that sit behind this one. We have sent pictures, our own comps and market statistics, but they won't budge. And they say their appraisal is good for 6 months. Now, they won't take anything less than 100% of value. We have a cash offer that comes in at 90% value. They won't budge. They say to let it go to foreclosure then....
Anyone have ideas, thoughts, contacts? HSBC is such a huge bank, I can't seem to find the correct contact to escalate to. HELP!
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