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My crappy day

Discussion in 'Arkansas' started by Greg davenport, Jun 17, 2009.

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  1. Greg davenport

    Greg davenport Member

    Mar 30, 2004
    Professional Status:
    Certified Residential Appraiser
    I wish I had a restart button or a do over button for today.

    I start by “Killing” a FHA purchase by having the nerve to bring it nt only 17% ($40,000) short of the contracted price.

    Then I get a call from a local (Arkansas based) bank to convert a USDA appraisal to a FHA, should be no big deal, BUT…

    They want me to do it on only 2 of the 10 acres the properties is on. I said fine, get me a survey, they said NO, just do it and make us happy.
    I said no can do the property does not meet the FHA criteria for Excess land, and I was told they would just find someone who was more willing to work for them. m2:
    I know they will find someone to do it.

    At least I called the Denver HOC to give them the address so they can watch for it.

    If I could go back in time, I would still put the nails in the coffin of the deal, but I would not bother answering the phone.

    I understand why I have no business now, I try too hard to play by the rules.
  2. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    May 2, 2002
    Professional Status:
    Certified General Appraiser
    - Ken Lewis after buying Merrill Lynch and finding out he was the one lynched as Paulson threatened to break B of America if they didn't go thru with the deal.

    It is the price we pay for being honest.
  3. Ariba

    Ariba Senior Member

    Feb 8, 2004
    Professional Status:
    Certified Residential Appraiser
    Always makes me wonder who the buyer real estate agents represent? What is their fiduciary responsibility to the buyer. You don't have to answer, I know the answer.

    Also, gives a new meaning to fair sale, buyer and seller acting prudently, knowledgeably, and are well advised.

    Real estate agent like this should be turned into the state IMHO
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