Interesting news...part 3

[GK99]

Hey bambam...when I was working at the bank we could only use certain appraisers when determining the "market value" of the house for mortgages. I know that the appraisers we used would always come in a bit low so that the bank was protected. I had several instances where the person looking for a mortgage would bring in an appraisal they had obtained from a reputable appraiser that was much higher and we wouldn't use it.

I emailed W and told her that I would prefer to use a mutually agreed upon appraiser once I return home. We'll see how that goes...