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  Karen & Ron Goodwin September 7, 2012 at 7:58am

  My FINDINGS ON THEESE HIGH APPRAISALS IS THE COMPANIES DOING APPRAISAL IS ALSO THE ONE WHO GET TO LIST THEM WHEN THEY GO INTO FORECLOSURE!!!!!!!!!!!!  SO WIN WIN DEAL FRO THEM GET PAID TO DO BPO AND GET TO LIST AS FORECLOSURE. THERE HAS TO BE SOMETHING THAT CAN BE DONE TO THEESE CROOKS YOU TALK ABOUT DEFRAUD!!!!!!!!!!!!!!!
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  SAM OTHMAN April 5, 2010 at 11:51am

  B of A has their appraisal and gave you a price, then that is what you should price it at. If they are going to reduce the price by $5,000, then that's good, yes the property needs work, but does it really, if it needs that much then the appraisal have to notice and have to take that into consideration, however it seems he or she did not notice $45K worth of work. If I was you I will have the buyer come up to that price and be happy they got the property, and or they can walk away and have the property on the MLS for the new price as approved short sale, get the offer accepted, go to escrow and give yourself a raise in commission due to higher price. I would not fight it too much since it is a third party appraisal. Next time before listing property talk to an appraisal in your local area that you know throughout the years ask them over the phone about the value, then have it listed at that, or you can do the valuation yourself. Just be true to the value. And if all failed, then you have done all you can do and you should feel good about that
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  Bryant Tutas March 31, 2010 at 11:34am

  Sima. If they are truly off that much in value then the buyer or seller could pay for a full blown appraisal and submit that to the bank. Other than that you may just have to place the home back on the market and look for another buyer at a higher price. It happens. The next time may be a charm.