I applied for a home equity loan and went through the entire process.
The paperwork showed that the appraisal would be $250 however, when it came time to do the appraisal we were told that ours would cost $400 with no explanation why.
We decided to go ahead with it and the appraiser came out.
The appraisal came in way low and the appraiser documented totally false information on the appraisal.
Also, he gave comps that were not appropriate.
When I pointed this out I was told that I could do an appeal of the appraisal.
I did the appeal and the appraiser corrected the false statements and also said that if I could find better comps he would use those.
I complained about this botched appraisal and asked for a refund of the fee since we paid such a high price for it.
We were refused the refund. This would have been the only appropriate resolution to this problem.