Bank Of America Mortgages
Bank of America Bank of America / LandSafe Conspire to Fix Low Appraisal Despite other Appraisal Evidence
- 05-20-2010
- 43
LandSafe, Bank of America's wholly owned appraisal service, under-appraised a condominium unit that I intend to buy andincredibly would notconsider the most recent documented sale of an identical unit that sold for $33,000 higher than the Landsafe appraisal. They pretend to allow a reconsideration using "recent sales from the subjectimmediate competitive neighborhood", "similarityof lot size/value; similarity in construction age / quality and livingarea size, but declared that the new information could not have been known by their original appraiser, so the original appraisal is valid. How convenient is that for the Bank of America?
Company: Bank Of America Mortgages
Country: USA
Site: bankofamerica.com