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Meldreth t1_jbpjg9q wrote

Reply to comment by El_Grande_Bonero in Black couple settles lawsuit claiming their home appraisal was lowballed due to bias by eastbayted

Ranged, but generally 200-400k. Percentage wise it was significant. This week I had one come back 30k less, but that was on a 615k sales price.

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El_Grande_Bonero t1_jbpkhep wrote

I have to be honest that seems remarkable. I work in a relatively hot market and say 20-30% appreciation in some areas and even then didn’t see appraisals that far off. You must have some uniquely bad appraisers in your area. But it doesn’t change the fact that this appraiser failed to use standard practices and I would bet that in the discovery phase the plaintiffs found evidence that this was not a one time occurrence.

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