Incurable Obsolescence?

[DARREN GODFREY]

That's a business decision. If it was a client I did not care about, I'd charge them./ If it was a long time/good client, I would not charge them.

There is no law against crappy properties with issues being marketed going to contract. Since this is a crappy property as well as a flip deal (per your comments), might be a good decision to withdraw. Flip sales if the flip is within a certain # of months after prior purchase typically FHA will order 2 appraisals. Which in case of a property with possible drainage or construction issues....if one appraiser handles it very differently than the other.

Exactly, well the lender wanted me to go ahead with the appraisal...go figure. I put it on hold and got in contact with HOC. The person from the AMC told me since I was not comfortable writing this she was gonna have to assign an FHA appraisal to another appraiser. She obviously had no clue.

 

[Carlos Danger]

She obviously had no clue.

There's a lot of that going around.

 

[DARREN GODFREY]

That's a business decision. If it was a client I did not care about, I'd charge them./ If it was a long time/good client, I would not charge them.

There is no law against crappy properties with issues being marketed going to contract. Since this is a crappy property as well as a flip deal (per your comments), might be a good decision to withdraw. Flip sales if the flip is within a certain # of months after prior purchase typically FHA will order 2 appraisals. Which in case of a property with possible drainage or construction issues....if one appraiser handles it very differently than the other.

Exactly, well the lender wanted me to go ahead with the appraisal...go figure. I put it on hold and got in contact with HOC. The person from the AMC told me since I was not comfortable writing this she was gonna have to assign an FHA appraisal to another appraiser. She obviously had no clue.

She obviously had no clue.

There's a lot of that going around.

Finally had a conversation with an appraiser that works for the AMC, she agreed with me that the highest and best use for this one was to demo it and start over. She cancelled the order and gave me a trip fee. This deal was dead from the beginning.

 

[J Grant]

Where was the evidence at least from what was presented here that HBO was to demolish property.? If the improvement (house) contributes more to value than demolishing it the HBU as is. Funky different levels of flooring does not mean a house should be demolished , neither does drainage issues assuming the issues can be repaired. .

 

[Mr Rex]

http://www.polylevel.com/concrete-leveling-applications/residential-slab-jacking.html

 

[Deleted member 130081]

Lmao! I am certified , sorry if you think I don't past your muster test this is just an unusual circumstance which I have never run into. Thanks for the trolling and lack of constructive answer though.

I'm happy you think your lack of experience, competence and misrepresentation of credentials is funny and something worthy of laughing your *** off. (Was that a constructive comment? Positive at least no?) As far as constructive comments and your labeling me as a troll, I think what I said in post #39 was constructive for the industry, though maybe it did not help you earn your fee on this assignment. I thought my earlier post #33, which it appears you may have over-looked, was exceptionally constructive, as it analyzed your scenario, told you specifically what you are dealing with and how to go forward. No? Was it too many sentences? Did I not say it nice enough for you?

I read on a later post that you called the HOC. Why? Do you need them to read/interpret the handbook for you? I also read the person from the AMC also questioned your competence. Now you have heard it from a peer and a client. Maybe instead of calling people who are trying to help you trolls and clueless, you might consider that you don't have all the answers and the other person just might be on the right track.

 

[DARREN GODFREY]

I'm happy you think your lack of experience, competence and misrepresentation of credentials is funny and something worthy of laughing your *** off. (Was that a constructive comment? Positive at least no?) As far as constructive comments and your labeling me as a troll, I think what I said in post #39 was constructive for the industry, though maybe it did not help you earn your fee on this assignment. I thought my earlier post #33, which it appears you may have over-looked, was exceptionally constructive, as it analyzed your scenario, told you specifically what you are dealing with and how to go forward. No? Was it too many sentences? Did I not say it nice enough for you?

I read on a later post that you called the HOC. Why? Do you need them to read/interpret the handbook for you? I also read the person from the AMC also questioned your competence. Now you have heard it from a peer and a client. Maybe instead of calling people who are trying to help you trolls and clueless, you might consider that you don't have all the answers and the other person just might be on the right track.

Go sign up for the appraisal board so you have the credentials to judge other peoples credentials. How about that?

 

[DARREN GODFREY]

http://www.polylevel.com/concrete-leveling-applications/residential-slab-jacking.html

Hmm...that would be great if it was to the exterior..but here is the problem, they would have do some serious reconfiguration on all of the doorways, trim etc. Plus they would have to excavate the rear of the property to get the slab above grade. This in tune with what I am sure will be extensive hidden damage to the frame construction that has been underground for years. I really feel like this property with a assessed value of improvements of $116,000 which of course does not take in the functional problems is a tear down.

 

[Mr Rex]

The point is that it can be repaired. As you admitted you have no idea how much it would cost to repair. As such you cannot make the determination that the H&BU is demolition and as a vacant lot.

 

[Carlos Danger]

He's certified since 2014. Darren, you have some things to learn or you will get yourself in trouble. Change the name on this account and come back. There are plenty of people here willing to help.