Bank Appraisals

Something we keep running into is the fact that bank appraisals are coming in lower than they are for us. All we can conclude is that banks are so conservative now that they are only using appraisers that are ultra conservative. They all have to be ordered through the stupid HVCC process. But we, none the less, continue to see it. Case in point, we just closed on a client who had a Bank of America appraisal that came in $82,000 lower that it did for us. Again, it is being ordered through the same system. But the banks are doing something because they continue to come in low. Just another reason not to work with a bank.