Updated almost 7 years ago on . Most recent reply
mortgage loans and credit lines
Hi BP's Community, we need help on figuring appraisal value of primary residence.Ive contacted several RE Agents for comps and they haven't returned calls. Were looking to refi for funds to move closer to elderly parents and rent both houses and don't wanna do upgrades if wont matter since we live in a 1997 double wide mobile home with 1/2 acre and another 1974 mobile in rough shape but habitable (grandkids live in) and its the only mobiles on the street and in the area. We refied in 2013 appraised @ 90k and owe 65k and comps were pulled from across the lake,since they weren't able to find comps close by. we are the only homes on the street that don't have lake access and the houses on our street run from 250k - 600k,The appraisal district has us at 35k mkt. value and other home @ 12k, were in an unincorporated area in F/W,Tx.Hope I explained the situation adequately and any help/recommendations would be greatly appreciated. OH, one more question, should we let the bank know were looking to rent homes or ???