staceymazor1
Freshman Member
- Joined
- Dec 21, 2007
- Professional Status
- Licensed Appraiser
- State
- North Carolina
I performed an FHA Appraisal in Virginia for LandAmerica. The subject was waterfront and on 2.5 acres with a limited supply of comps available. My adjusted comps had a $60k range, which I had already tightened as best as I could. The reviewer sent the report back to me 4 times, each time telling me to tighten up the comps some more because HUD wouldn't accept such a wide range of values.
Finally I called the FHA guidance center and they assured me that there is nothing on the books about adjusted value range requirements. I had a conversation with the reviewer and he wanted me to find one more comp and said that he would let the range issue go once I had told him what the Guidance Center said.
Then yesterday morning I get an email from my contact telling me that the order had been cancelled with me and that I would not get paid for anything that I have done even though I did everything that this jerk in Florida, who knew nothing about my market area, had requested. The report was a good report. I suspect that the value was an issue because I know that the appraisal came in lower than what they needed for the reverse mortgage.
At any rate, I have never had a collection issue before, but I need to get paid for all the time and effort that I put into this report. I would like to file a lien, but I don't know what form to use. Can anybody point me in the right direction? I've asked the Courthouse, but they refuse to tell me which form would apply in my situation.
Thanks in advance,
Stacey
Finally I called the FHA guidance center and they assured me that there is nothing on the books about adjusted value range requirements. I had a conversation with the reviewer and he wanted me to find one more comp and said that he would let the range issue go once I had told him what the Guidance Center said.
Then yesterday morning I get an email from my contact telling me that the order had been cancelled with me and that I would not get paid for anything that I have done even though I did everything that this jerk in Florida, who knew nothing about my market area, had requested. The report was a good report. I suspect that the value was an issue because I know that the appraisal came in lower than what they needed for the reverse mortgage.
At any rate, I have never had a collection issue before, but I need to get paid for all the time and effort that I put into this report. I would like to file a lien, but I don't know what form to use. Can anybody point me in the right direction? I've asked the Courthouse, but they refuse to tell me which form would apply in my situation.
Thanks in advance,
Stacey
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