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Lenders have no sense of humor

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Wm. Hattaway

Thread Starter
Senior Member
Joined
Mar 18, 2006
Professional Status
Certified Residential Appraiser
State
Florida
I was asked to appraise a vacant lot by the lender for a refi. This lender also requires an active listing in a declining market. I find that the guy bought the lot less than a year ago AND it is currently listed. So I call the lender and ask if I can use the current listing as one of my active listings? He puts me on hold then comes back and says "we don't think that's a good idea". So I say "I guess using it as one of my three comps is out of the question also?"
 

Ray Miller

Elite Member
Joined
Feb 20, 2002
Professional Status
Licensed Appraiser
State
Wisconsin
I was asked to appraise a vacant lot by the lender for a refi. This lender also requires an active listing in a declining market. I find that the guy bought the lot less than a year ago AND it is currently listed. So I call the lender and ask if I can use the current listing as one of my active listings? He puts me on hold then comes back and says "we don't think that's a good idea". So I say "I guess using it as one of my three comps is out of the question also?"


Bet your not on there list any more? But I would have done the same. :rof:
 
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