From: dim@soda.csua.berkeley.edu (D. Gerasimatos)
Newsgroups: misc.consumers.house
Subject: Re: Bank did a drive by appraisal - could this hurt me down the road?
Date: Fri, 4 Aug 2006 10:20:55 -0700 (PDT)

In article <1154704024.051320.121560@p79g2000cwp.googlegroups.com>,
Dwayne  Hoover  wrote:
>
>I'm buying a house and the bank I'm getting my mortgage from only did a
>drive by appraisal, should I insist they do a full appraisal? What if I
>find out when I go to refinance down the road that the house did not
>appraise anywhere near the value I bought it for?


What if the full appraisal comes in less than the drive by appraisal?
This appraisal is for the bank anyway. If they're happy, don't worry
about it. If *you* want to know what your house is worth then get your
own appraisal. It's a little late for that now, though, since you are
already buying the thing.


Dimitri