What do we do about a low-ball appraisal?Back in June we tried to refinance. Had an appraisal done - house came in at 457k.Husband lost job. It was right before the bank checked his employment history, and so we couldn't qualify for the mortgage. Fast forward to November 2010. Husband has job, everything is in place with refinance. We're just waiting for the new appraisal. When the appraisal came backit came in at 415k. A huge difference from 5 months ago. The comps that were used were for un-remodeled houses similar to ours. (We just came out of a major remodel - total gut down to studs, new heating, electrical, plumbing, walls, ceilings, marble & granite baths and high-end kitchen. The new appraisal did use one of the comps that were on the first appraisal, but he gave our house a much lower value vs this comp than the previous appraisal. There were also inaccuracies on the report on things like the siding material, floor materials, he didn't mention hardwood floors.The broker has filed a rebuttal/dispute with the appraisal company to have them look over the appraisal for errors. Is there anything else that can be done while we're waiting for the appraisal company to get back to us? The mortgage broker said he doesn't think they are going to change the appraisal. It seems so unfair they can state their opinion, and then it becomes law with no recourse for the person who actually paid for this thing!!November 27 2010 - US00YesReport 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.