a difference in fmv is not a lie
not all appraisers come up with the same number
“not all appraisers come up with the same number”
Just look at big equities with dozens of analysts forecasting the price. The estimates are all over the map. It’s no different with real estate.
A bank appraiser must use comparables of similar properties without speculating on the value a celebrity’s property would fetch or the likelihood of value increasing projects coming nearby. The borrower considers what is likely a property will be valued at while the lender must value on existing conditions minus a fudge factor.
The government has spoken and you continue to say otherwise. Therefore you must be lying. -John Eastman