Asked by Future Home, San Jose, CA • Tue Sep 8, 2009
I am in the process of buying a new condo in Milpitas. The appraisal report is totally erroneous - contains wrong data on the home, wrong pictures but made the value of the home equal to the sale price. The builder/lender said that the report is getting corrected. When I contacted the appraiser, he said he did not get any request to make any corrections. Now the loan processors are trying to force me into signing a appraisal report delivery waiver form.
The whole thing looks shady. The lender never responds to my questions - does not give me any details.
So how/where can I report appraisal fraud?
Thanks in advance!
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