Lien Strip Appraisal Advice?

[pcn]

[justbroke]

When you call the appraiser, tell them it's for a Bankruptcy and that you need a comparative market price and a cost to rebuild. Don't play the games some of them like to play.

I actually didn't tell my appraiser anything about what price it "needed" to be, although he asked if it was for a "bank". I said no. The only thing I told him was that other homes int he neighborhood were going for $XXX,XXX, and pointed to 3 down the street that were "comparable", and 2 that were recently sold.

I knew what it should come in as... it came in just ever so slightly higher, but still within the acceptable range. If he had been way out of range, I would have ordered another appraisal.

[pcn]

Thanks for the advice. (I hope we can get it right the first time at $375 a pop...)

[BigJohn]

I made sure our appraisor knew the appraisal was for a bankruptcy.

[mbutterfly]

When I got our appraisal to stripped our 2nd mortgage, I told the appraisal that it was b/c we were filling bk. Every single house around my area was foreclosed or shortsale.. I mean every single house