Bad Appraisal On A Foreclosure

Attorney Matt Catchick explains to a caller that a lawyer can help with any aspect of a foreclosure process.

Michigan Foreclosure Information

Male Speaker 1: Grace, you’re on the Law Show, what can we do for you?

Male Speaker 2: Hi, guys, I was just calling to see if your law firm dealt with foreclosures dealing with what’s going on in Michigan. I’m a recent listener to the show.

Male Speaker 1: You’ve got a question about whether or not someone can assist you because you’re being subject to a foreclosure, is that right?

Male Speaker 2: Right, what about if you had a bad appraisal where you were overcharged due to your appraisal purchasing a property and you wanted to challenge it, how do you take the mortgage company to task on that legally. I think it would be somewhere like [inaudible] [0:00:42] a violation.

Male Speaker 1: Yeah, we definitely have an attorney in house that can help you with that. His name is Justin Grove. So give us a call Monday at the number that I’ve been giving out the 1866-66 lawyer. Call us at the number and I can refer you to Justin Grove who can likely answer the question. It sounds to me I think this is a very common situation and this is in this current economy where what’s happening there is a lot of under appraisals coming right now because houses that were worth a certain amount just 2 years ago have just plummeted in value. So I think your problem is a very common one and Justin I’m sure can help you with that. He is one of the attorneys in our office.

Male Speaker 2: Can I ask you a quick question? The appraisal was like we were charged for four bedroom and we are living in a three bedroom that’s how bad the appraisal was?

Male Speaker 1: Well, clearly I mean number of bedrooms is like one of the single most important factors when you’re establishing the fair market value of residential real estate, that’s a huge glaring error and you definitely want to have that reviewed by an attorney to see what your options are. So again, call our office tomorrow, even though it’s President’s Day, we’re in the office the whole day. Call us at the 1866-66 lawyer number and ask to speak with Justin, he should be able to help you, okay.

Your Name (required)

Your Email (required)

Subject

Your Message