Buying A Home
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FHA Appraisal Appeal - did it work for anyone

We are currently trying to buy a house, however the appraisal came in really low ($45K low).  The house is a flipper where the seller bought it foreclosed and fixed it up.  It is a really nice house.  We found some factual errors in the appraisal as well as all the comps were either bank owned or short sales.  We are appealing it with three good comps and some other information our realtor found.  Has anyone ever had an appeal work out?
TTC Since Aug 2010 Started with RE May 2012 HSG clear Tests normal - PCOS IUI#1 - BFN IUI#2 - 7/7/12 BFP Determined Ectopic at 7 weeks - 2 shots MTX finally hit zero 10/2/12 IUI#3 - 11/6/12 - BFN IUI#4 - scheduled for 12/7/12 - Clomid increased to 150mg IUI #5 - 1/4/13 first injectable cycle- BFP 12dpo EDD 9/28/13 BabyFruit Ticker

Re: FHA Appraisal Appeal - did it work for anyone

  • Ours did not.  The comps ours used were so far off it was hysterical.  Ours was a foreclosure and the selling bank finally just lowered to the appraised price.
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    Cancer sucks.
  • In case anyone is having the same issues we did, I thought I would update you.  We got another appraisal through another bank using a conventional loan instead of an FHA.  The appraisal came in at the offered price and we are closing in one and a half weeks.  If yours does not come in high enough and the seller will not budge, it is definitely worth it to try another bank.
    TTC Since Aug 2010 Started with RE May 2012 HSG clear Tests normal - PCOS IUI#1 - BFN IUI#2 - 7/7/12 BFP Determined Ectopic at 7 weeks - 2 shots MTX finally hit zero 10/2/12 IUI#3 - 11/6/12 - BFN IUI#4 - scheduled for 12/7/12 - Clomid increased to 150mg IUI #5 - 1/4/13 first injectable cycle- BFP 12dpo EDD 9/28/13 BabyFruit Ticker
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