Our Appraiser did not count more then half of our house, what can we do?My wife and I purchased a beautiful home last year and we are currently trying to re finance the home to get cash out and to get a new rate. We have been approved of the loan and our estimate and the lender was this house is worth up to 200,000. Our home is a 3 bed, 2.5 bath house built in 2006. The lender had an appraiser come over yesterday and we were told some pretty shocking news. He said that the downstairs is below grade and will not be counted on the home. So he appraised the house at 1 bed, 1.5 bath , and only 900sf. The appraised value was 98,000 which is less then we owe on the house. We were denied the loan and don't want to pay another 300 on a appraiser if we don't have to. When we bought this house it was advertised on Zillow and all other sites as a 3 bed, 2.5 bath , AND 2100 SF. Even the county tax record has it at 2100 sf . I have been informed by someone that if this is true and it will not be counted that i can go after the lender who sold it to me. Please help us with any information you can, my wife and i our first time homeowners and were in a really tough spot. ThanksJuly 15 2014 - Nashville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.