What would you do ? ? ?

[airphoto]

I would check the block that said I HADN'T inspected the interior, then remark (as I said before) that I'm relying on information from another appraisal for the interior information. That's Disclosure!

 

[Lee SW IL]

Airphoto,

I did not rely on any info in the 1st report since my value differed from the previous appraisers value.

My opinion was it was a bogus report. I do not rely on any info in a bogus report. In the relied on the MLS info when the house sold two years prior to my review.

Sales history of the property was
Sold 1998 $62K
Appraisal 2000 $115
My review 2001 $75
My d/b 2002 $73.
Thx

 

[airphoto]

Lee,

Do we presume that the interior inspection of the reviewed report deviated from the information available from the old MLS listing and from the assessor information? Presumably you'd have documented that in your review ..

If no 'significant' deviation I would see no problem with reciting it .. and given a 'significant' deviation I would think you'd remark upon that in your current appraisal .. words to the effect of an apparent conflict reported in an appraisal where an interior inspection was claimed, versus the other two sources of information ..

I don't believe that what you've done is wrong, but believe that an error on the side of (over)disclosure can never be defeated .. if you tell all, any reader can decide which to rely on ..