I have two properties listed in the Cedarbrook/Brookway West area and there is no indication that it is noy a very safe and nice place to live.
I believe my sellers would let me know if I needed to be aware of these kind of problems.... more
While it's true that a basement might add $10-15k to the value it does seem odd that you are not getting credit for the above grade sq ft difference. Unfortunately, without seeing your home and the comps used it is impossible to really give any guidance on where the appraiser might be wrong. Your best bet is to make your case with the lender in question as well as seek a 2nd or 3rd refinance option with a local bank and/or credit union and maybe an independent mortgage company like Fairway Mortgage. Then you can choose from the best offer.... more