jay trotta
Elite Member
- Joined
- Feb 8, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Connecticut
As has been consistent within the Lending practice (IMO-over the past 30+ years) NOBODY actually reads the report. IF they did, they would NOT have misunderstood what you wrote in plain language, that even a 12-year-old would understand.YOU THINK THAT IS UNREASONABLE? HOW ABOUT THIS CONDITION JUST RECEIVED:
"appraisal needs to be revised for consistency....the appraiser lists rents as $4500 in one section and $4200 in another. Please ensure that the rental amount is consistent."
Hmmm....well now I understand the condition: My reviewe revealed that the "inconsistency" is because the current subject rent is reported as $4,200, although the Opinion of Market Rent is reported as $4,550!!!!!
Is it possible that the lender representative doesn't understand the difference??????? And No, I didn't address the basis for the variance because if so I would have said, "The market rents are higher than the subject's actual rents because the market rents are higher, or to be more concise, the variance exists because the subject rents are lesss than the Market Rent."
Wondering if peers ever get fed up and respond in a signed response using verbiage that isn't very cordial.....which is simply a "business decision" that one must make at certain times, whether it defines one's career success or not.....
But be patient, AI will solve all the problems, humans can't................LMFAO