Getting Sued

[Michigan CG]

Mr Grutter,

I may have been the very first on the forum to actually use sir names. I did so as it just seemed professional and polite! ... All hell broke loose because I was supposedly insulting the people when I used sir names. It made them feel old, no matter how often I posted I was doing so because I considered it a sign of respect. ... so dude or lady sounding unprofessional? ... what about... "the Duck?" ...

Sometimes forum members are not happy regardless of what they get called. Just don't call them late for dinner..

Webbed.

I regularly use Sir or Ms. when replying if i do not know someone....and someone PMed me and didn't like it. I thought I was being polite...

I have heard to beware of that Duck quite often.....

 

[Louis Pompeo]

Woops!My Bad!

I'm not saying anyone is right or wrong, not my place. I am, like, everyone else, just expressing an opinion. An educated opinion, but an opinion, none the less.

BTW....you are WRONG on one point....HE's a SHE!!

Sorry!

If it's any consolation, I get the same in reverse with a name like Pat....

 

[Financially Feasible]

Members here get chastised quite a bit when a new forum poster "Posts N' Runs" with claims we scare these individuals off because we are so harsh on them. My view is these posters have a duty to US to stay and participate in a thread they started, and to take responsibility for their own poor communication skills with the written word. Holy cow! .. Look what they do for a living! ... If they can't communicate in writing better than the majority of them do here on the forum, they are in deep doo doo professionally. And in our industry, when we do a crappy job the first time, we correct our work. We don't cut and run! ... If some forum members cop an attitude from assuming these people's reports are as bad as their posts, or only as good as their posts, who is to blame for that?

Swish! Three points for the Duck. Good post, Webbed.

 

[Brad Ellis]

webbed,

That would be surnames.

Sir Brad

 

[DH Wilson]

Again in the words of Richard Riddick -

You made three mistakes. First, you took the job......

 

[rescom]

I did an Appraisal back in march in Rancho Cucamonga, San Bernardino County where most houses are going foreclosed. At the time there were still some comps that have sold for the real market value which I used in My report. a month and half later the Loan Officer contact me that the value is cut becuase by then all of the comps are only the foreclosure ones and he wanted me to change the report with some newer comps and more comment which I did. By the time he submit the report to another Lender the San Bernardino Market has gotten even worse. So they didn't fund the loan. he asked me to give the client their money back which I collected for my Appraisal. I didn't think it is fair to me since I provided the service he asked me to. Now he is telling me the client is suing him and his company for the Appraisal Fee and wants me to send them a check. Am I at fault here and should I give them the money back? Please help. This is Urgent.

They won't sue for a residential appraisal fee. It will cost them more than what they would get in return. IMO.

 

[Webbed Feet]

Mr. Ellis,

Thank you! ... I do need to clarify my usage. My referencing "sir names" might be confusing as "surnames" is often thought to be the common usage. However, "surnames" are not the honorific titles such as Mr., Ms, Mrs., or Miss I was referring to. Surnames are family names. For example, yours is "Ellis." I would not consider calling you only just "Ellis" to be the sign of respect carried by the honorific title of "Mister." I hope this clears up any perceived error on my part and please forgive my uncommon usage of "sir names." By the way, I had no idea you'd been knighted.



Webbed.

P.S. If your interested.... Ellis probably came from Elias ...

 

[EVAUSA]

a month and half later the Loan Officer contact me that the value is cut becuase by then all of the comps are only the foreclosure ones

When you say the "foreclosed ones", do you mean they are REO Re-Sales or do you mean the sales are transfers to the banks, which are not comps at all?

Did your first report analyze the listing activity? Were all the listings bank owned and listed BELOW your recent sales? If so, did you factor that in to your value?

What I'm getting at is if your first report is well analyzed and supported, reflective of the market conditions as of the effective date, I'd wade it out. I like Property Economics suggestion to get a certified letter from the client, find out how much of this is hot air.

 

[Matthew Schwartz]

? a month and half later the Loan Officer contact me that the value is cut becuase by then all of the comps are only the foreclosure ones ?

-Are you saying that the loan officer a month and a half later had a problem because your comparables were now foreclosures?

-Your posting is unclear as to what exactly the loan officer had a problem about.

 

[Carol Ames]

Quite frankly to me if you agree to give back the fee you are saying you were wrong and this may not be the case at all. Due to the time frame between the original appraisal and the communication from the loan officer I am thinking it was not the appraisal but the lender not getting his stuff in order then shopping for a place to sell this loan on a borrower that was marginal.

When threatened just stand up straight, look them in the eye and say go for it. Amazing how effective this is.