OK, so I wanted to refinance my mortgage. Everything was going fine, even for having a lower credit score. The closing was set, all we were waiting for was the appraisal. Well, when it came in, it was over $30,000 less than comps near by. It seems that the appraiser decided that the Family Room, which was enclosed from a carport in the mid 1980's, should not be included as living space. "The garage was converted by sealing the opening with T-111 siding, carpet on floor, it is under central a/c, this area is calculated seperate from the living sf for comparative purposes of this appraisal, and is typical and not adverse as it may be readily converted back to car storage purposes at minimal cost." The problem with this is that it never was a garage. There was actually a block foundation attached to the concrete slab, that would not be easy to tear up! He used 936 sq. ft. as the living space, when all the other appaisals stated it was 1183 sq. ft. What do I do to fix this?? Or am I stuck?
2007-01-25
09:50:49
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10 answers
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asked by
Katslookup - a Fostering Fool!
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Renting & Real Estate