EVAUSA
Junior Member
- Joined
- Jan 26, 2008
- Professional Status
- Certified Residential Appraiser
- State
- California
How would you respond? I called US bank, they said they would not provide the review, but that they have based it on sales THEY FOUND (but wont provide) within a 1/2 mile and 90 days. The said I am to provide 2 additional comps by this criteria. What is REALLY frustrating is THERE IS ONLY ONE SALE IN 1/2 MILES & 90 DAYS, I USED IT AS SALE #1. So WHAT THE CRUD are they looking at? How can a rebut a review I haven't' seen?
Hi April,
Regarding the xxxxx property. The lender won't give us anything in writing or copy of their review. We have said to the rep that we feel very strong about the value of 455,000 and they are requesting now in other to revised their value of 400,000 the following: 2 new comps with sales dates within 90 days. They have to be closed sales. About the comps we used they said they didn't used comps 7 & 9 because they were listings. Comps 2,3, and 5 didn't used because they were with in one mile. Comp 6 they see it because is 1/2 mile but didn' t care for it. They only used comps 1 & 4 and in each one the reduced 25K because they felt the upgrades were to high and over the standard, they said the adjustments were to high for the area.
Well, I can't believe this. Can you please prepare as a strong rebuttal. If you need to speak with the rep for US Bank for more information her name is xxxxxx and her number is 866-4xx-xxxx.
Hi April,
Regarding the xxxxx property. The lender won't give us anything in writing or copy of their review. We have said to the rep that we feel very strong about the value of 455,000 and they are requesting now in other to revised their value of 400,000 the following: 2 new comps with sales dates within 90 days. They have to be closed sales. About the comps we used they said they didn't used comps 7 & 9 because they were listings. Comps 2,3, and 5 didn't used because they were with in one mile. Comp 6 they see it because is 1/2 mile but didn' t care for it. They only used comps 1 & 4 and in each one the reduced 25K because they felt the upgrades were to high and over the standard, they said the adjustments were to high for the area.
Well, I can't believe this. Can you please prepare as a strong rebuttal. If you need to speak with the rep for US Bank for more information her name is xxxxxx and her number is 866-4xx-xxxx.