All Forum Posts by: Ramon Gutierrez
Ramon Gutierrez has started 1 posts and replied 3 times.
Post: REMOVING PMI PROBLEMS
- Posts 3
- Votes 1
@Wayne Brooks well I live in a neighborhood that was build a few different home layout plans probably a good 6 diff or more layouts but the interesting thing is my exact home just sold for 279,500 I have kitchen cabinets and the one that sold doesn’t even have cabinets around his faucet area it looks tacky but his sold for way more and another just went on the market and is listed at 299,999 so it really throws me off on how it came back less
Post: REMOVING PMI PROBLEMS
- Posts 3
- Votes 1
I called my Lender and mentioned I wanted to appeal the appraisal and they had me sent by email addresses of comps to justify my appeal, which I did right away.
It's just weird that most of the comps range from 102 to 110 per Sq ft or so and based of my appraisal I got a 97.75 Sq ft
I just received a packet after sending the email but I just received the same appraisal with just new dates instead but nothing changed. So that's where I'm thinking of refinancing instead but I'm so upset cause I know if I refinance im sure the new appraisal will be around 260,000 or more
Post: REMOVING PMI PROBLEMS
- Posts 3
- Votes 1
im currently in the process of removing or trying to remove PMI and I'm doing this by requesting a new appraisal on my home with my lender. I just recently thought of this since literally in my neighborhood my exact home floor plan and layout just sold over 279,000 and another comparable sold 270,000.
It seems to me based on the comps in the area that price per Sq ft is going around 102 to 109. Well I just got my appraisal and it came back at 248,000 I'm so confused because my exact home is selling for more than my appraisal. I feel like the appraisal company is almost in favor for the lender. The house that just sold that looks exactly like mine doesn't even have kitchen cabinets instead has shelves and I actually have cabinets and still find I'm getting low balled on the appraisal.
And to top it off there's a new home listing at the moment of another home in my neighborhood with the same layout of my house and is selling for 299,999 so why would mine appraised for way less?? Because the appraisal company knows it's for removing PMI?
Or should I just refinance instead?