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47 Page Purchase & Sales Contract

Discussion in 'General Appraisal Discussion' started by Noreen, Jul 11, 2011.

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  1. Noreen

    Noreen Senior Member

    45
    Feb 5, 2011
    Professional Status:
    Certified Residential Appraiser
    State:
    New Hampshire
    I just received this, It's like War & Peace!!!!!!!!
     
  2. Don Clark

    Don Clark Elite Member

    18
    Jan 17, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Virginia
    Very common in my market. Very few shorter than 20 pages. It's CYA on steroids.
     
  3. VegasWayne

    VegasWayne Senior Member

    12
    Nov 15, 2007
    Professional Status:
    Licensed Appraiser
    State:
    Nevada
    Was it sent through a fax machine multiple times in order to make it very difficult to read? This used to be a common practice in Las Vegas.
     
  4. Noreen

    Noreen Senior Member

    45
    Feb 5, 2011
    Professional Status:
    Certified Residential Appraiser
    State:
    New Hampshire
    Came through clear as a bell, and Don is right, it has every heretofore and there-to-with in the dictionary.
     
  5. fritzvogel

    fritzvogel Senior Member

    1
    Dec 16, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    Yup, and it keeps growing, but our fee to read it and interprete and report is going down....:-(
     
  6. Mile High Trout

    Mile High Trout Elite Member

    48
    Feb 13, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    Local CO Realtors have occasional stories about 3 and 4 page contracts. They tell me everything else which consists of these super long contracts is basically lawyer generated content.

    Minimum contracts here are 10 something pages if you're lucky.

    FannieDirect contracts drive me crazy.
     
  7. Mr Rex

    Mr Rex Elite Member

    211
    Jan 12, 2004
    Professional Status:
    Certified Residential Appraiser
    State:
    North Carolina
    NC RE contracts are 8-9 pages without addenda. If its REO, the lender has their own contract, so add the NC required addenda and the lender contract and their addenda and its 30-40 pages easily.
     
  8. Mile High Trout

    Mile High Trout Elite Member

    48
    Feb 13, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    Appraisal engagement letters outnumber purchase contracts per page!

    (Considering the initial engagement and per order notes.)

    "Houston, we have a problem."
     
  9. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    610
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    I see a lot that are 19 or more pages but we still find the occasional 1 page one. What I really love are handwritten deeds that some gober made up on a Big Chief tablet to save money..99% of them are flawed badly.
     
  10. DonRico

    DonRico Member

    1
    Nov 26, 2002
    Professional Status:
    Certified General Appraiser
    State:
    South Carolina
    Did someone really FAX a 47 page contract to your office ?? FAX ???

    They couldn't scan it in, and email it ??

    Those 47 pages have been FAX'd back & forth to 2 Attorney's Offices and 2 Realtor's Offices......probably a couple of separate times each for all the revisions.
     
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