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Private Lending & Conventional Mortgage Advice
Account Closed
  • Real Estate Agent
  • Arlington
100
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162
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HELOC appraisals - why so low?

Account Closed
  • Real Estate Agent
  • Arlington
Posted Feb 20 2019, 08:30

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

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