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Updated 6 months ago,

User Stats

16
Posts
6
Votes
Carlos Garcia
6
Votes |
16
Posts

Hard Money lender INFLATED APPRAISAL

Carlos Garcia
Posted

I worked with a wholesaler that has a subsidiary lending company. I used them and I paid for a ARV appraisal to determine the amount borrowed. It looks like the appraisal was inflated for more than $40k on 2 properties that I bought to FLIP. I called the lender and ask if they used an AMC and said that they used an individual appraiser. I lost over $40k on one of the properties already. How and who should I go after?

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