“Appraiser and Loan Officer Screwed Up”

“Appraiser and Loan Officer Screwed Up”

 

 

 

I’m delighted that our next door neighbor referred you. As we shared with you, we attempted to refinance in May, but the appraisal came in below what we owe. We explained to the mortgage guy that the appraisal was wrong, but we didn’t get anywhere.

 

How can the appraiser report our house as being a 2 bedroom which the town has it being a 3 bedroom and we know that it is in fact three bedrooms? We have attached the photos, so you can see what we are talking about.

 

We are putting together all that you have requested and will set up the appointment once we have everything. We look forward to meeting in person.

 

This kind of crap gives all of us in the mortgage business a bad name. I had an appraiser do a comp check for me to make sure the story was correct. The value will come in about $40,000 higher than the appraisal that was done. These folks will not file complaints but they should, at least to go after the appraisal fee that they paid.

 

Image courtesy of Sumetho/freedigitalphotos.net

Subscribe to my blog via Email:

 

Enter your email address:

Delivered by FeedBurner

 

Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com

www.righttracfg.com

www.joepetrowsky.com

Like me on facebookfollow me on twitterConnect with me on linkedin

Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.

Comment balloon 20 commentsJoe Petrowsky • January 08 2016 06:08AM
“Appraiser and Loan Officer Screwed Up”
share
“Appraiser and Loan Officer Screwed Up” I ’m delighted that our next door neighbor referred you. As we shared with you, we attempted to refinance in May, but the appraisal came in below what we owe. We explained to the mortgage guy that the… more
“One Million Boomerang Home Buyers Coming into the Market in 2016”
share
“One Million Boomerang Home Buyers Coming into the Market in 2016” These are individuals that may have had a foreclosure, done a deed in lieu of foreclosure, had a short sale and or had a bankruptcy. There is good news and bad news for these… more
“A Referral from Someone I Evicted 7 Years Ago”
share
“A Referral from Someone I Evicted 7 Years Ago” I sent you a referral her name is Rosemary I told her to call you. I was really shocked to get this referral so I followed up with an email asking why he sent me the referral. He answered back… more
“Does Your Blogging Efforts Get Your Message Out? ”
share
“Does Your Blogging Efforts Get Your Message Out? ” I have been reading your blogs for the past couple of months on your Right Trac Facebook page. My girlfriend Peggy XXXXX told me about you, you did a mortgage for her and her husband about a… more
I have been “Stripped Off” before
share
I have been “Stripped Off” before The Supreme Court got this one right and it is about damn time. I hate to think about how much money I have been screwed out of over the years. Here is one example: In 1987 I personally did a second mortgage… more
“Unless You Want Straight Answers, Don’t Ask the Questions”
share
“Unless You Want Straight Answers, Don’t Ask the Questions” Joe, Thank you again for your help this afternoon and the direct answers. It is obvious you know a lot more than the attorney who gave me some bad advice. I listened to his… more
“Referrals to Insurance Agents”
share
“Referrals to Insurance Agents” I have not hit my 2015 goal for the amount of referrals I give insurance agents or even the number of referrals I gave out in 2014. In 2014 I gave out 123 referrals and so far this year 116, four short of my goal… more
“Sorry, I Can’t Do a FHA Mortgage on a 6 Unit Apartment Building”
share
“Sorry, I Can’t Do a FHA Mortgage on a 6 Unit Apartment Building” Hey Joe, hope you’re having a happy holiday. Really appreciate the reassurance of your positivity towards mortgages, thought there was no hope, but know better at this point. I'm… more
“In What Price Range can we Afford a Home? ”
share
“In What Price Range can we Afford a Home? ” I never like answering this question. The question I want to answer is, what mortgage payment are you comfortable with? So often I speak to someone who tells me that they have been approved for X… more
“After Canceling Three Appointments”
share
“After Canceling Three Appointments” I have all the information I would need to meet with you so whenever you are available to meet would be great. I know we are right in the middle of the holidays so just let me know when you can be free and… more