Firstly, there are some great appraisers out there. However, Scott & I have had more than a fair share of of appraisal issues lately. Real Estate Agents… if you are experiencing similar pains PLEASE send a professional but stern statement to the email address below. There are also additional names & numbers to vent to in the below link as well as a summary of what’s going wrong. Don’t forget to link to and sign the petition below to stop HVCC.
WE ARE PERSONALLY EXPERIENCING:
- Appraisers that think they are inspectors and taking pictures of foundation, electrical, etc. and mis-labeling in the appraisal; killing the home purchase for the buyer because you can’t get it removed from the appraisal.
- Appraisers overlooking over 100 sq. ft. of completed basement in a newly constructed home (then referred to it as “below grade” when it was clearly a bottom but 3rd level going to the back yard)
- Appraisers strongly requesting a copy of the inspection report (you can image what they do with that)
- Over a 10 day wait to get the appraisal in
- Appraisers from out of the area appraising homes in areas they know nothing about
- Appraisers insisting that sticks in windows be replaced with thumb screw locks for “quick easy escape” (I prefer a stick for quick easy escape thank you)
- Appraisers miscalculating sq. footage in the subject home as well as in the comps… I could go on and on!
Email complaints to the Director of FHFA: director@fhfa.gov
For more contact names & numbers CLICK HERE
To sign the “Stop HVCC petition CLICK HERE
Tags: appraisals, appraisers, fhfa, HVCC, Lending