- Joined
- Jan 22, 2002
- Professional Status
- Certified General Appraiser
- State
- Florida
New home builder in the Ft. Worth area is in trouble. Coleman homes, a tract home builder, was building homes in northwest FW. The homeowners are now being evicted by the city because "the homes don't meet code". 2nd floors bounce enough to shake the pictures from the walls, roof support structures do not match with wall structures, etc. Homes are essentially coming apart and are less than a year old. The question is how these passed city inspection during construction.
At least I didn't appraise any of these. It's going to be interesting if there's going to be any recourse against the appraiser or appraisers who did. Of course, since they don't require new appraisals for the company's internal mortgage company, there were probably 6 appraisals for the whole subdivision based on plans and specs.
Roger
At least I didn't appraise any of these. It's going to be interesting if there's going to be any recourse against the appraiser or appraisers who did. Of course, since they don't require new appraisals for the company's internal mortgage company, there were probably 6 appraisals for the whole subdivision based on plans and specs.
Roger