Challenging a mortgage appraisal
Annarbor Appraisal
SEPTEMBER 6, 2020
Lenders offer a formal “Reconsideration of Value” (ROV) process. The appraisal does not choose sales based on price, but on similarity to the subject property (with being proximate and recent important as well). Reading the appraisal report will disclose why the sales that were used were chosen, and how they compare.
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