Quote:
Originally Posted by Deegee
I don't know who you're working with, but as a manager of a Credit Union I can tell you I have asked Genworth what kind of appraisal they have done - drive and view or a full appraisal this year because they told me the appraisal did not support the values in our application to them. It turned out a full appraisal wasn't done. I pushed for a full appraisal to be done as I felt Genworth was wrong and the value came back acceptable with a full appraisal report and we were able to do the deal as originally presented.
I would suggest speaking with your lender to see if it was a full appraisal or not.
EDIT: This might not address your situation, but thought it might be good value to have added to the conversation.
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Yup, I've had a few appraisals to write where they first order a drive by, and the value is impossible to meet the estimate because there simply isn't evidence for features or an effective age that would support that value. Then after being sent for a full appraisal to the same property it becomes possible to justify a higher value using the new data available.