I was asked two weeks ago to take another look at my market conditions.
Declining, Oversupply, and 6+ months market time.
Underwriter....(and YES, this is the FHA UW speaking).....
"If two of your comps are under 6 months (175 days & 155 days)(all others over 200 days), then why do you have "6+ Months" market time checked. "
*dramatic pause in my phone conversation* *I'm thinking...YOU'VE GOT TO BE F-ING KIDDING ME RIGHT NOW!!!*
"Really?", I say.
This girl really wanted to know why it was at 6+ months. There was a full page of addendum of extensive market data, history...you name it, it was in there. I said...."Well, you know it DOES take highs and lows to make an average. And the predominant market time is well over 200 days. Did you notice my addendum page on the Subject's market conditions?" She says, "No, I haven't read it yet."
W-H-A-T?????????????????????
What a waste of my time.
How much do these douchebags make a year? m2:
I've been asked one time to take another look. I simply said, "Who's the professional?". They said, "I know, I was just wondering."
Yeah, IOW>>>>get me a higher value.