Infalted Appraisal, can I take action against the mortgagae broker or appraiser?
Posted November 1st, 2009 by admin 3 Comments »
Recently we are attemptin to refiance our home with a company I have financed through before. They have seriously inflated my appraisal not one but two times. I did not refiance with these people because I have been warned that they are going out of business for doing this to other people. A new mortgage broker we are working with says we should take action against them and report them. I am just wondering what else can be done. This needs to be stopped if I wasn’t smart enough to realize what was happening I would have ended up owing 60k more then my house is worth!! This needs to be stopped. I see so many people with these false appraisals and its getting out of hand. What can be done??

