tag:blogger.com,1999:blog-2552393319002558590.post7940240046408103646..comments2022-12-03T02:53:44.496-05:00Comments on Michigan Mortgage Buzz: The Appraisal Complaint ProcessKen Masciahttp://www.blogger.com/profile/14990479581337632823noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-2552393319002558590.post-83229139245023897252013-03-09T20:03:27.269-05:002013-03-09T20:03:27.269-05:00I agree. My appraisal on my 3500 square foot bric...I agree. My appraisal on my 3500 square foot brick waterfront house used a 1600 square foot wood frame comp. He ignored comps on the water three miles away, made a 26,000 adjustment for the additional1900 square feet, and called it good. He undervalued my home by 25 percent. I will be reporting it to the licensing board. They need to know that Fannie Mae is not their only concern; that there will be repercussions for undervaluations.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2552393319002558590.post-605513838625818002012-01-27T10:19:03.743-05:002012-01-27T10:19:03.743-05:00Rich, seems like you might have a basis for a comp...Rich, seems like you might have a basis for a complaint. If you are in Michigan then this is link you need:<br /><br />http://www.michigan.gov/lara/0,4601,7-154-35299_35395_35396---,00.htmlKen Masciahttps://www.blogger.com/profile/14990479581337632823noreply@blogger.comtag:blogger.com,1999:blog-2552393319002558590.post-88176210744773611562012-01-26T15:52:43.830-05:002012-01-26T15:52:43.830-05:00Hi,
We had our house appraised in Nov. 2011 and th...Hi,<br />We had our house appraised in Nov. 2011 and the appraiser was off over 300sqft and listed 3 bdrm instead of 4. He listed the house worth $53 a sqft. We had him correct and he added the footage and 4th bedroom, but it took until this month to get back out here. So, whats he do? He values the huse at $48 a sqft. Also, his "comparables" were ALL above in price per square foot. Does all this seem ethical? If not who to report it to? <br /> Thanks RichAnonymousnoreply@blogger.com