So I am refinancing my condo. i bought it as a foreclosure back in 2008 and have since put about 20k into renovations since due to the previous owner trashing it on the way out. when they asked me what i thought it was worth, i just kind of added up what i had bought it for + what i had put into it knowing that the market has gone down a bit. well i got the appraisal back and it came in about 15% higher that what i had initially thought and now the refi company is going back to the appraisal company asking for more comps and to 'double check' their numbers. has anyone heard of something like this? from the comps they had on the appraisal due to recent sales, they seemed in the ball park but i am not sure why they'd want that number possibly lowered...
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