HELOC appraisals - why so low?
Hi everyone - is it common for HELOC appraisals to come in lower than conventional mortgage appraisals? Last spring my property appraised for $135k and this past fall it appraised again for $85k. No drastic changes to the community in Chicago that in. What's up with that?
Has anyone had luck with the HUDA method (Hang Up, Dial Again)?
Thanks,
Jonny