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I’m very sorry you’re having these issues. To be honest, it’s probable that the mortgage lender moved on to other loan applications where the value did NOT come in lower. In my experience, most appraisals are going to come in within a few thousand dollars of each other, so unfortunately, you might have a bad apple in the mortgage lending bunch. At least they should have given you the courtesy of a call. You don’t say whether you are FHA or conventional. Did the value come in less than you owe? Did you check into the HARP loan option?
Currently have all paper work in for a refi but it hit a snag as the appraisal came in low. Offered to pay for second appraisal but after 3 weeks I get no response from my mortgage consultant to phone calls or emails. How long is too long to wait and what options would you recommend? Thanks for your time.
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