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

[Ian Loonce]

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.

[Jay Hinrichs]

Quote from @Ian Loonce:

Quote from @Jay Hinrichs:

Quote from @Ian Loonce:

It's a 30 year loan. I don't get your point. 

 ;point is you have not lost 32k unless you stay there the entire 30 years and if you pay more each month in a mortgage payment like many of us do you lower your interest expense as well.  So your going to have a hard time saying you lost 32k.  I know its an unfortunate situation for you I get that .. But I suspect there is not much your going to do that would not cost you thousands in legal fee's with a slim chance of winning.. etc etc.  you could sue and hope the E and O insurance just cuts you a small check. 

It's a rental property so we do plan on keeping it for 30 years.  So we did lose 32k. Also our lawyer works for much cheaper than this. 

 there ya go sue them then.