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Annoying Borrower

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Terrel L. Shields

Thread Starter
Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Boy, I have a good loan officer to work for! She took an assignment away from me, much to my delight.

Borrower called next day after told who the appraiser was so I told this squirrel I would get to it in a couple of weeks. Calls back in a few days and starts in on me...We spent $800 for a new rear door. Do I need to get it painted? Lemme see, that's roughly 1% of the value of the whole home, why? I really really need it to appraise for $100,000 because I am borrowing $80,000 and I had a co-signer who guarenteed my note for 5 years because my husband and I bought the place of contract and my hubby ran around on me and left me pregnant, and now I am married to the most wonderful man in the world [I am not making this up] The seller guaranteed the note so I could pay for it and now I want to get his name off the note, and we are building a new home [yes, I know, we already appraised the P & S] and we are selling the house for $80,000 on contract to a couple who have bad credit...... OK, why are you selling it for $80,000 when you think it is worth $100,000?.....Because I want to help somebody like Mr. X helped me....[If you are rich as Bill Gates, then why are you borrowing money on your new home? You just like poverty?] By this time (5 plus minutes) I simply could not help but show my annoyance, and referred her to the client. Client calls back and said she told me you told her the house was worth only $80K and was rude to her...She told her that did not sound like the appraiser she knew. I said, I told her I would appraise it for what is was worth, but had to report this contract of sale to the client. But maybe she would be happier with another appraiser. Lender said I will get you out of this, she is not going to be happy with anyone anyway. I said, I owe you one.
 

Bill_FL

Senior Member
Joined
Aug 23, 2002
Professional Status
Certified General Appraiser
State
Florida
Ter,

Sounds to me like you are just being one of those unaccomodating annoying appraisers. :lol:
 

Richard Carlsen

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Michigan
Terrel----

Where's your sense of adventure?

It sounds like the seller was just doing a little "Appraiser Prep Work" by providing you with some essential background info.

Also they were also trying to make sure that you got the idea that the house was to come in at $100,000.

Nice side step!!
 
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