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.
Well, I can understand a bank's need to protect themselves, especially in today's fraudulant market. I've never had a bank ask me to keep it low. BUT, I also live in a small rural community and I'm sure things are a bit different.
I still think it is a good idea for you to have a say in which appraiser. If she doesn't agree, I would hire my own.
Hope your day is going well!
Me-BS 38 X-WS 36 Separated 11/15/2006 Filed for D 8/1/2007 Divorce Final 12/21/2007 S13, S13 (twins), D9 Married 13 Yrs Together 20 Yrs
