I bought an older house in a poor neighborhood for about 75 K. Since then, the real estate market has ballooned (New Orleans area), and the neighborhood has improved a great deal.
I recently asked a lender to see how much I could get a home equity loan, and they said not much, as they appraised the house at about 80K.
Funny thing is, the house behind mine, which is a carbon copy of the house I live in, sold a year after mine for 150K!
Can I argue this point to the lender, or do I need to do another kind of appraisal?
Posts Tagged ‘matthew yglesias’
Can appraisal values be disputed in regard to second mortgages?
Friday, October 23rd, 2009Related ‘matthew yglesias’ sites :
| Matthew Yglesias " Home Page Matt Yglesias. Today at 5:28 pm. Government Efficiency Matters a Lot ... Contact Matthew Yglesias. Use this form to contact blog author Matthew Yglesias. Name: ... yglesias.thinkprogress.org | |
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 | MATTHEW YGLESIAS MATTHEW YGLESIAS. Rants and raves about art, politics, the cinema, etc. ... posted by Matthew at 7/17/2002 02:30:00 PM. JONAH GOLDBERG DOES SOME NICE lightly-humorous ... yglesias.blogspot.com |
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| YouTube - Matthew Yglesias April 25, 2008. Matthew Yglesias speaks at the Center for American Progress on his new book www.youtube.com/watch? | |