- Joined
- Jan 13, 2002
- Professional Status
- Retired Appraiser
- State
- Florida
This is an order from the same lender as the one who's son 'threatened' me.
Order says: Estimated Market Value: $129,000.00
That's the high end for that neighborhood.
House is smaller and badly needs a new roof. The screened porch roof is literally falling apart with wood rot - the garage ceiling drywall is falling in from leaks.
About $5,000 in repairs.
Appraised it at $105,000.
Best part: Owner bought it VA in 6/95 for $74,900 with a mortgage for $76,350.
02/96 he gets a second for $25,000. This means 8 months after his purchase for $74,900 he owes over $100,000.
This guy has practically no equity right now. Guess who's going to be blamed.
Think I'll have a quick chat with that LO tomorrow morning.
Morons everywhere!!!!
Order says: Estimated Market Value: $129,000.00
That's the high end for that neighborhood.
House is smaller and badly needs a new roof. The screened porch roof is literally falling apart with wood rot - the garage ceiling drywall is falling in from leaks.
About $5,000 in repairs.
Appraised it at $105,000.
Best part: Owner bought it VA in 6/95 for $74,900 with a mortgage for $76,350.
02/96 he gets a second for $25,000. This means 8 months after his purchase for $74,900 he owes over $100,000.
This guy has practically no equity right now. Guess who's going to be blamed.
Think I'll have a quick chat with that LO tomorrow morning.
Morons everywhere!!!!