Appraiser Marked Private Septic And Well As Public

[NJAPRAZE]

There are no well and septic statements because the appraiser marked both as public.

which YOU KNEW to be incorrect... and wasn't an issue until the system failed and/or you were quoted $60K to remedy? Correct??

Today's lesson: "caveat-emptor-buyer-beware"

Caveat Emptor (Buyer Beware)

Caveat emptor is a Latin phrase that is translated as let the buyer beware. The phrase describes the concept in contract law that places the burden of due diligence

corporatefinanceinstitute.com

 

[Huds_Harm]

How much has the value of your property gone up since you purchased it? Depending on what you bought it might well have appreciated that amount so investing another 60 grand would not be just a total loss.

Can you recommend a competent appraiser in Texas to help me determine that?

No, I do have equity but it doesn't feel right using that for someone's blatant screw up.

 

[Huds_Harm]

which YOU KNEW to be incorrect... and wasn't an issue until the system failed and/or you were quoted $60K to remedy? Correct??

Today's lesson: "caveat-emptor-buyer-beware"

Caveat Emptor (Buyer Beware)

Caveat emptor is a Latin phrase that is translated as let the buyer beware. The phrase describes the concept in contract law that places the burden of due diligence

corporatefinanceinstitute.com

Wrong. I didn't KNOW the appraiser didn't do their job until recently.

 

[glenn walker]

The appraiser is only to make a Visual Observation of what he can see with his eyes. I cannot see a Septic Tank but If I see puddling of water-tall green grass near it -gray water puddling or mushy soil or leach lines then I know we may have a problem and I will call for a Septic Certification.where a Licensed Contractor comes out digs it up and verifies it can either be repaired or it may need replaced. On a Water Well I do not test the water-or drink it and all I do is turn on a few faucets and water spigots to see if there is adequate water pressure. Normally as long as toilets flush-and water comes out of faucets normally we have no issues.
I do not even try to measure distances because often on older properties a Septic has been capped and another is now in a different location, So I make buyers like you jump through all the hoops because I know if something-goes wrong you are going to be a problem.

So therefore your case I would have made appraisal Subject to a Well Certification and water tested for potability and the Septic Tank to be inspected by a Licensed Contractor who will measure distance from property and water well and certify its in fully operational condition.

THEN two days later You and your Lender-Realtors would all be calling telling me I am holding up your transaction and can I please remove those conditions. Then I say NO these are all potential Health & Safety Issues. Now the ball is out of your Hands-the Realtors-and Sellers and you either comply or your deal is probably going to die.

Glenn you have yet to answer this

But still that doesn't answer how this

or this,

was done if it was not visibly looked at

 

[glenn walker]

Can you recommend a competent appraiser in Texas to help me determine that?

No, I do have equity but it doesn't feel right using that for someone's blatant screw up.

You need legal advice not another appraisal : ) LMAO

 

[Huds_Harm]

The appraiser is only to make a Visual Observation of what he can see with his eyes. I cannot see a Septic Tank but If I see puddling of water-tall green grass near it -gray water puddling or mushy soil or leach lines then I know we may have a problem and I will call for a Septic Certification.where a Licensed Contractor comes out digs it up and verifies it can either be repaired or it may need replaced. On a Water Well I do not test the water-or drink it and all I do is turn on a few faucets and water spigots to see if there is adequate water pressure. Normally as long as toilets flush-and water comes out of faucets normally we have no issues.
I do not even try to measure distances because often on older properties a Septic has been capped and another is now in a different location, So I make buyers like you jump through all the hoops because I know if something-goes wrong you are going to be a problem.

So therefore your case I would have made appraisal Subject to a Well Certification and water tested for potability and the Septic Tank to be inspected by a Licensed Contractor who will measure distance from property and water well and certify its in fully operational condition.

THEN two days later You and your Lender-Realtors would all be calling telling me I am holding up your transaction and can I please remove those conditions. Then I say NO these are all potential Health & Safety Issues. Now the ball is out of your Hands-the Realtors-and Sellers and you either comply or your deal is probably going to die.

Glenn my appraiser did not attempt to do this,

The appraiser is only to make a Visual Observation of what he can see with his eyes but If I see puddling of water-tall green grass near it -gray water puddling or mushy soil or leach lines then I know we may have a problem and I will call for a Septic Certification

So therefore your case I would have made appraisal Subject to a Well Certification and water tested for potability and the Septic Tank to be inspected by a Licensed Contractor who will measure distance from property and water well and certify its in fully operational condition.

 

[Mike Ault]

Can you recommend a competent appraiser in Texas to help me determine that?

No, I do have equity but it doesn't feel right using that for someone's blatant screw up.

I don't give legal advice however I don't believe that your FHA case has been made. There is no doubt that somebody should have ordered a bacteriological test on your water well, whether a judge would decide the ultimate responsibility lies with you or with agents acting on your behalf would be interesting. When deals go sour like this typically the involved parties will get together in some form of informal arbitration attempt before things actually go to court. I would definitely hire an attorney to get that process started and get some competent legal advice. I am truly sorry for your troubles. I'm glad you posted your dilemma here though, everybody who read this thread should receive CE credit for "Liability".

 

[Huds_Harm]

I don't give legal advice however I don't believe that your FHA case has been made. There is no doubt that somebody should have ordered a bacteriological test on your water well, whether a judge would decide the ultimate responsibility lies with you or with agents acting on your behalf would be interesting. When deals go sour like this typically the involved parties will get together in some form of informal arbitration attempt before things actually go to court. I would definitely hire an attorney to get that process started and get some competent legal advice. I am truly sorry for your troubles. I'm glad you posted your dilemma here though, everybody who read this thread should receive CE credit for "Liability".

And with that the liability course will be continued once I post the outcome. Thank you everyone for your input even you Glenn.

 

[Sadie]

Glenn my appraiser did not attempt to do this,

The appraiser is only to make a Visual Observation of what he can see with his eyes but If I see puddling of water-tall green grass near it -gray water puddling or mushy soil or leach lines then I know we may have a problem and I will call for a Septic Certification

So therefore your case I would have made appraisal Subject to a Well Certification and water tested for potability and the Septic Tank to be inspected by a Licensed Contractor who will measure distance from property and water well and certify its in fully operational condition.

Wait wait. Didn't you say the inspector was unable to locate? If it was in fact failing prior to purchase, then the inspector should have had no problem locating.

 

[Tiffany Gibbons]

This thread reminds me of a sign one of my mentors had in his office that said "Arguing with an appraiser is like mud wrestling with a pig, sooner or later, you realize the pig is enjoying it".