I owned a property in South Carolina that foreclosed this year. It is a Ginn property and many believe there was fraud. I have an attorney looking at the case as we speak which is a possible class action. When I received a copy of the appraisal, the lot was comped to other lots that were under contract but did not yet sell. It also stated that the value of the property is increased because of a $20,000 golf membership and 2 years of HOA fees ($12,000). The lots in this area were purchased for $235,000 and are foreclosing 2 years later at $50,000. I bought a lot in a golf course area (which shows on our opening info packet map). The golf course was never extended into our area, yet it is appraised as a lot in a golf course area. Does anyone have any idea on how I should pursue this inflated appraisal? There is nothing in the area that the value could have comped to.