Should I Tell Her to Move On???

[mza8]

TCB?

Take Care of Business

Hey Gr8,

I have not been involved with any properties that were sold due to D. However, IMO, I would think the appraisal company's value would be the one used over the realtor's value for the home.

In matters of foreclosure or bank sales, the appraisal company's value is used. Both the appraisal company and realtor will run the comps in the area but the appraisal company's is the more trusted value and therefore is the value that is used.

If you feel that your appraisal company has not taken some things about your home into consideration you can ask them to reconsider those items to calculate a more accurate value for your home. Sometimes they will and sometimes they won't. Doesn't hurt to ask them.

Appraisals are a big problem right now in the real estate market. Since home prices are all over the place right now, it's difficult to get a true value of the home for the lenders.

Let me know if I can answer any other questions for you.

mza8