hal380
Senior Member
- Joined
- Apr 26, 2003
- Professional Status
- Certified General Appraiser
- State
- Connecticut
Here's the scenario;
Refinance, owner's estimate of value $550,000, our final opinion of value $420,000, submitted report, 20 mins later lender calls and says owner disagrees.
Owner claims house is 1796 Sq Ft GLA. Tax card says 1276 and finished basement is 520 Sq Ft. so that is where the 1796 comes from. I have explained to LO all about above ground spaces ect.
LO says owner has 2 recent appraisals which stated 1796 GLA. I told her to send me the reports and I would be happy to review them.
Will review them, and pass on to my Appraisal commish. and then on to Pam.
sorry for the rant, but why do I have to defend myself to some idiot homeowner.
Hal
Refinance, owner's estimate of value $550,000, our final opinion of value $420,000, submitted report, 20 mins later lender calls and says owner disagrees.
Owner claims house is 1796 Sq Ft GLA. Tax card says 1276 and finished basement is 520 Sq Ft. so that is where the 1796 comes from. I have explained to LO all about above ground spaces ect.
LO says owner has 2 recent appraisals which stated 1796 GLA. I told her to send me the reports and I would be happy to review them.
Will review them, and pass on to my Appraisal commish. and then on to Pam.
sorry for the rant, but why do I have to defend myself to some idiot homeowner.
Hal