Legal question about reappraisal – appraise use home seller just closed on

I recently closed on a home. During the process I knew the home I made the offer on wasn’t going to appraise for asking, based on comps in the area at the time. My realtor disagreed. Well, I was right and the house initially appraised $20k lower. My mortgage lender allowed the seller 48-72hrs to contend the appraisal or find more comps. Well, to my surprise the seller was able to find 1 additional comp that was able to justify the asking price. Well good. Fast forward and I find out at closing, the house that was added to the report was the house the seller had just closed on. Is this a nothing burger, or is this something worth investigating further?

submitted by /u/ChooJimmy13
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I recently closed on a home. During the process I knew the home I made the offer on wasn’t going to appraise for asking, based on comps in the area at the time. My realtor disagreed. Well, I was right and the house initially appraised $20k lower. My mortgage lender allowed the seller 48-72hrs to contend the appraisal or find more comps. Well, to my surprise the seller was able to find 1 additional comp that was able to justify the asking price. Well good. Fast forward and I find out at closing, the house that was added to the report was the house the seller had just closed on. Is this a nothing burger, or is this something worth investigating further? submitted by /u/ChooJimmy13 [link] [comments]

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