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Updated almost 3 years ago,

User Stats

32
Posts
12
Votes
Ian Loonce
12
Votes |
32
Posts

Can I sue for an error on an appraisal that ended up costing us?

Ian Loonce
Posted

I was refinancing a property. The appraisal noted that we didn't have proper egress and that it was a safety issue. She noted this for a reduced price in her appraisal and also for selling. I checked with the city and fire department and we did have proper egress. Because she noted this safety issue, the lender would not give us a loan until it was fixed. We missed the deadline for our locked in rate and it was raised 1.5%. Which totals about 32 grand over 30 years. Can we sue the appraiser/appraisal company for this.

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