Thank you for any help you can give me on this. I am trying to refi my adjustable mortgage that has gone through the roof and causing a snowball effect on my finances so that I now have a very high debit ratio. I had a FHA refi already to go except the appraiser must have been drunk the day he did it because he messed it up. From small things not marked right and missing to even being off over 300 ft of the sq footage of my house. He not only came in 20% lower than my tax rate but 10% lower than what I owe on the house. Of course this ruined that loan. Since then more terrible luck of my new lender getting in distress with FHA and my file restarted for a 3rd time in as many months. Now my credit score has dropped 150 points from May and I most likely am not getting the refi. This is going to cost me my home not to mention my marriage due to the stress. All this due to a terrible appraiser. Do I have any legal recourse on the guy that can not even measure a wall? I live in Illinois.
Bad appraisal legal advice?
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