Oh No Not Him
Member
- Joined
- Jun 21, 2006
- Professional Status
- Certified Residential Appraiser
- State
- Maine
So...you receive the following message which has had info redacted.....whats you reaction?
Oh, forgot to add....this is from another appraiser! Not the lender or the broker!
It should be mentioned that I took this assignment, quoted the lender my "due date" & they agreed & sent it to me...I am going to be within my quoted turn time. I received the request on 9/21 by the way.
I am told that you will be appraising this home on Thursday.The owner is a very good friend of mine and along with her realtor are starting to get very nervous about time constraints involved on back to back contracts. I understand the first appraiser decided not to do this appraisal and now it has been assigned to you by XYZ Bank. Their contract is dated 9-6 which makes them 35 days into a 50 day contract & they have had no underwriting decision on their applicants until the appraisal is in. Upon XYZ Bank’s receipt of your appraisal they still have to be underwritten,& then of course the title & legal work. Upon this sale the owner of "Smith St" has a cash closing on a condo the same day, & it is not certain that the owners of the condo will extend the contract that she is to purchase. And it is also unknown if the buyers of "Smith St" will extend as well.
Oh, forgot to add....this is from another appraiser! Not the lender or the broker!
It should be mentioned that I took this assignment, quoted the lender my "due date" & they agreed & sent it to me...I am going to be within my quoted turn time. I received the request on 9/21 by the way.
I am told that you will be appraising this home on Thursday.The owner is a very good friend of mine and along with her realtor are starting to get very nervous about time constraints involved on back to back contracts. I understand the first appraiser decided not to do this appraisal and now it has been assigned to you by XYZ Bank. Their contract is dated 9-6 which makes them 35 days into a 50 day contract & they have had no underwriting decision on their applicants until the appraisal is in. Upon XYZ Bank’s receipt of your appraisal they still have to be underwritten,& then of course the title & legal work. Upon this sale the owner of "Smith St" has a cash closing on a condo the same day, & it is not certain that the owners of the condo will extend the contract that she is to purchase. And it is also unknown if the buyers of "Smith St" will extend as well.