MY HUSBAND AND I WERE TRYING TO REFINANCE OUR HOUSE. THE APPRAISAL WAS SO LOW I ASKED WHY. THE APPRAISALS ARE BASED ON THE PRICE OF OTHER HOMES IN OUR AREA. THOSE HOUSES ARE/WERE FORECLOSURES AND SHORT SALES. OUR HOUSES SHOULD BE BASED ON THEIR OWN MERIT, NOT ON THE PRICE THE HOUSE UP THE STREET SOLD FOR. OUR HOUSE HAVE BEEN DEVALUED BY $400,000. SINCE 2009,
BECAUSE OF FORE CLOSURES. IT IS NOT FAIR TO THOSE OF US WHO WERE ABLE TO KEEP OUR MORTGAGE PAID



