todd c asked:


Hi we thought we would be living here for ever, so last year we were approached by someone telling us our home was valued at 300k. we decided to refinance with this assumption they even had a apprasier come out and evaluate the property. At that time we owed 240k on the home and used the excess to pay medical bills. We bought the home for 250k two years ago. Now we have to move, we want to get closer to my wifes parents, and a appraised value is now at 250k. so we are short of 50k…………, someone told me it was illegal of them to appraise my property at 300k last year is that true, i told me realitor that situation he told me the property should have never been valued that high.

Alex