Judge Rules Appraiser/Lender Owe no duty of care

[Surf Cat]

Per the AMC's 21 point checklist

That sounds like the five point palm exploding heart technique from Kill Bill....

 

[Huds_Harm]

And I have done so countless times to support FHA insured loans in the in the country for properties on well & septic systems. And, unless it's brand-new construction, I never state that septic system separation distance meets FHA (or anybody else's) guidelines from the well or the lot line because it's just impossible to determine where the septic system leach field truly lies in relation to those features. That is not the appraiser's responsibility. That is the mortgagees responsibility to determine.

Which explains how appraisers/lenders are bypassing these FHA requirements since there are 34 other transactions in my neighborhood and surrounding alone with properties that have septic and well on less than an acre that cannot physically meet the distance requirements. How do they close? Appraiser/Lender lie.

 

[Fernando]

Which explains how appraisers/lenders are bypassing these FHA requirements since there are 34 other transactions in my neighborhood and surrounding alone with properties that have septic and well on less than an acre that cannot physically meet the distance requirements. How do they close? Appraiser/Lender lie.

Lenders should use local competent appraisers. We have no control. Lenders usually go for the cheapest.

 

[Huds_Harm]

And I have done so countless times to support FHA insured loans in the in the country for properties on well & septic systems. And, unless it's brand-new construction, I never state that septic system separation distance meets FHA (or anybody else's) guidelines from the well or the lot line because it's just impossible to determine where the septic system leach field truly lies in relation to those features. That is not the appraiser's responsibility. That is the mortgagees responsibility to determine.

The checklist also revealed



Yet the report I received had zero deficiencies listed

And they also required this



Yet the pictures in the appraisal did not go to all sides of the property because she marked no deck and no fence

oh and the deck was required to be sketched


yet it was not sketched because it was concealed from every photo.

but don't say FRAUD.

 

[Fernando]

The checklist also revealed

View attachment 89155

Yet the report I received had zero deficiencies listed

And they also required this

View attachment 89156

Yet the pictures in the appraisal did not go to all sides of the property because she marked no deck and no fence

oh and the deck was required to be sketched

View attachment 89157
yet it was not sketched because it was concealed from every photo.

but don't say FRAUD.

You should be a reviewer. Lender's reviewer appraiser was secondary defense in checking on appraiser's following lender's guidelines.
I always said reviewers should be local to understand issues of that community.

 

[Tiffany Gibbons]

Because the fact she marked items did not exist, left them out of every view in the appraisal report, and refused to provide the original pictures doesn't prove intent? Yall are hilarious.

It's your house. Did you bring photos as part of the evidence?

 

[Surf Cat]

It's your house. Did you bring photos as part of the evidence?

Yes! Let's get this straight....are you the property owner or the property owner's attorney?

 

[Huds_Harm]

It's your house. Did you bring photos as part of the evidence?

Bring photos to who Tiffany?

 

[Huds_Harm]

Yes! Let's get this straight....are you the property owner or the property owner's attorney?

How is that relevant? Would it change your opinion on anything?

 

[Fernando]

How is that relevant? Would it change your opinion on anything?

Obviously you're the attorney.
Typical buyers do no understand the details you know about appraising.
You should have been honest in forthcoming that you came to AF to get support for your case.