Greg,
I told them I would do nothing without a case #. So they send over the case number. Here I am thinking they are on the level. Then the calls and emails start. These guys have some brass ones. They put it in writing on the order " please pull comps - Do not proceed if the value estimate is below the estimated value - contact the loan officer immediately". Then in an email" please make sure we are in the ball park prior to doing the appraisal, I do not want to waste the borrowers money. I call them on it and they are insisting that they are doing nothing wrong.
To All,
Ok people! Something needs to be done about this.... It is time that real estate appraisers storm the bastions of FHA, report all this crap, and demand action.
For local home buying, FHA mortgage insurance information, or technical support for industry professionals, please visit [FONT=Verdana, Geneva, Arial, Helvetica, sans-serif]
the [/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif]
[FONT=Verdana, Geneva, Arial, Helvetica, sans-serif]FHA Resource Center[/FONT][/FONT][FONT=Verdana, Geneva, Arial, Helvetica, sans-serif]
or email your question to: HUD@custhelp.com[/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif]
or telephone the FHA Resource Center at: (800) [FONT=Verdana, Geneva, Arial, Helvetica, sans-serif]CALLFHA (800-225-5342). [/FONT][/FONT][FONT=Verdana, Geneva, Arial, Helvetica, sans-serif]
[/FONT][FONT=Verdana,Geneva,Arial,Helvetica,sans-serif] [/FONT]
To contact your local FHA Homeownership Center, please click on your state below.
http://www.HUD.gov/offices/hsg/sfh/hoc/hsghocs.cfm
Everyone should start screaming over all of FHA' s phone lines and email addresses over this crap.
Webbed.