Protecting yourself from an overvalued appraisal is easy
Be wary of mortgage broker
solicitations.
When you buy or refinance
your home, ask your friends and family for referrals to mortgage services
they have used.
When considering a broker or
appraiser, even one to whom you have been referred, check for proper
licenses and with the Better Business Association and other trade groups
for complaints about the broker or appraiser.
Ask for written documentation
of the appraisal and recent comparable sales information of homes in the
neighborhood.
Don’t be pressured into using
an appraiser suggested by any other party to the process.