Asked by Mommy of 3 boys, Folsom, CA • Fri May 1, 2009
We are currently trying to sell our home, not as a REO or short sale, but in order to find something a little bit bigger for our family to grow into. We have an accepted offer and have an additional back up offer at $1,000K less. An incompetent appraiser came in and low balled our home, for $60K less than our selling price, using almost completely bank repos and short sales (which most homes in our area have been within the past 3 months). Our home is only 3 years old, in excellent condition, well upgraded and on a larger than average lot. Even though the lender is still financing the new homes built by the same builder for over $100K more in the same development, they have refused to fund the loan. How can we remedy this??
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