Wasn’t sure where to ask this question.
we have been hit 3 times by low appraisals. This last one, same property different kind of house. Appraiser hit us at $100,000 off. Last year, same property, different house, only $20,000. Loan amount is not much different.
This will be new construction, MODULAR, home, on land in Texas.
The comps, I am told she used were mobile homes, older, and on smaller acreage. When our lender sent in more comparable properties, as modular homes are not to be appraised the same as mobile and manufactured homes, she refused to budge. There is clear and defined error in the information used.
How, do they expect anyone to buy using our VA benefits if they keep low balling us. My husband and I are both vets. This is very disheartening.