Agreed upon C.O.D. order can be deceiving

[Michael Tipton]

And wear your pastel sans a belts to Sammy Seltzers' for the 3:00 PM early brid prime rib dinner..

You forgot the dark socks and sandals for the menfolk. :icon_mrgreen::icon_mrgreen:

RSW, you're correct. I missed the FHA sentence at the bottom of the post.

Wonder if 01/01/2009 will address the fee issue.

 

[Mike Boyd]

I do not see any reference to FHA in the OP. FHA appraisal fee issue is addressed by HUD/FHA as follows:


2-13 APPRAISAL AND INSPECTION FEES.

The lender is responsible for collecting fees and promptly paying appraisers and inspectors.
Page 2-9​

That does NOT say COD orders are forbidden....only that the the lender is RESPONSIBLE for collecting and paying the appraiser promptly.

 

[Andy Taylor]

Given all the problems that you have had with this one I would not accept a credit card under any circumstances. Cash or certified check only.

 

[Michael Tipton]

Given all the problems that you have had with this one I would not accept a credit card under any circumstances. Cash or certified check only.

Stop payments can be placed on certified checks.

 

[Greg davenport]

Stop payments can be placed on certified checks.

AND that is a crime in most states.

 

[Pamela Crowley (Florida)]

Yes, stop payments can be placed on certified checks.
Credit cards can be disputed and the appraiser would lose 99.9% of the time.

CASH in this circumstance is the ONLY way I would accept payment. Period.

 

[Caterina Platt]

I agree, no credit card payments. BTW, 500 beaver pelts for a rush order, complex assignment, holiday weekend inspection......that's a bargain in most parts.

 

[RSW]

I never did get an answer from the OP about the foundation inspection.

 

[Smokey Bear]

Geez, don't any of you get the owner to SIGN something when they give you payment? I have them sign an acknowledgement stating they KNOW they cannot get a copy of the appraisal from me (it tells them how to get a copy from the lender), that the fee is not dependent on hitting a certain value, etc. Same for credit cards.

 

[Mike Kennedy]

Question, what actions do I explore now


None, you got beat. Enjoy your golf with lesson learned.