I feel that the appraisal on my home may have been fraudulent and improper because the “comps” used to get an estimated value of my home were highly over-inflated homes that were different than my home on several very key points. What is a fair way to appraise a home? Should not a home that lacks a permanent foundation be compared to other homes that also lack this? Or what about appraisals where each “comp” has a 100% increase in sales prices from just two years earlier. We aren’t talking suburbia here, but the rural midwest in an area with very minimal population growth?
If I find the appraisal is in such error, what is my recourse?
Thank you,
Racer X