Zillow Advice: Refinance - Dear Zillow,

Looking at homes in Coral ...

Sat, 09 May 2009 11:49:00 GMT

Looking at homes in Coral Gables on Zillow, I am seeing multiple properties, non-waterfront, at $250-$270 per sq foot, which would give you aprx $775K value. Are you in a subdivision that has multiple sales at a much less $$ per sq ft than that? Something does not add up. What is your address?

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Fri, 08 May 2009 21:17:00 GMT

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Zillow is not a licensed ...

Fri, 08 May 2009 19:25:00 GMT

Zillow is not a licensed Florida appraiser. Next time you apply for a mortgage, deal with licensed professionals.

Dear fsiYour loan cannot ...

Fri, 08 May 2009 19:21:00 GMT

Dear fsi
Your loan cannot be denied on the basis of your Zestimate value. If you truly believe that this is what's happened, please contact me with the details of the professionals involved and I will contact their supervisors and kick their butts.

Thanks!

Any appraiser who is using ...

Fri, 08 May 2009 19:17:00 GMT

Any appraiser who is using Zillow as part of their assessment is incompetent, you need to get a different appraiser.

At a minimum, if the appraisal has already been done, ask to see a copy of the appraisal report. You likely paid for it, so it is yours. When you get it, see what the appraiser used for comparisons - this will tell you more about why the appraisal is lower than you believe it should be.

fsi.segall, your original ...

Fri, 08 May 2009 19:12:00 GMT

fsi.segall, your original post says you put 300K into the home, now with 5 BR and 3.5Baths, over 3100 sq feet.
I have some questions for you:
How many BR and Baths did you add?
Are they below grade or above grade?
What is the additional heat and cooled square footage over the original #?

AA-you love to push my alphabet! ...

Fri, 08 May 2009 18:45:00 GMT

AA-you love to push my alphabet! LOL..

Tammie,I was bashing HVCC ...

Fri, 08 May 2009 18:36:00 GMT

Tammie,

I was bashing HVCC and some of the crap appraisers that are out there and we no longer can avoid them but need to deal with them!

If any of this is fact, and ...

Fri, 08 May 2009 18:30:00 GMT

If any of this is fact, and not pure fiction. Don't pay this appraiser. Report him to his licensing board, immediately. Then sue him. He's an idiot.

I think the borrower is in ...

Fri, 08 May 2009 18:23:00 GMT

I think the borrower is in denial, as many are, about the true value of their property and looking for a scapegoat.

$.02