Is over appraising a home by 30k against the law?
Ok i live in MN and we refinanced our home about 2 years ago, we were approached by a company with this deal telling us that we have 50k in equity in our townhome, we decided to refinance to pay off medical bills, and our car loan. into a 1 mortgage. Well my company gave me a offer to move to denver next year so we are looking at selling or home talked to a realitor and now find that we are 40k. We told him about our refinance and what they found the appraisal is at, he researched that and found that to be false, looking more into this mess they charged a bunch of bogus fees that made that closing fees around 12k. Any one have head of this .