re: Mortgage appraiser errors and omissions

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I explained everything perfectly

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Burying your explaination inside of irrelevant stuff (ability to do potential value appraisal vs language within them) isn’t perfect.

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and I didn't insult you at all.

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Yeah, you weren’t derogatory in tone at all. Completely impersonal. Yep.

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I simply called you out on that.

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If you note, I commented on his OT message, not the Money board version. Which typically is less...serious of a board? If he ran and followed ANYONE’s advice here blindly he deserves what he gets. Don’t really see you made a crusade in other posts here.

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I'm not a doctor so you will never see me giving medical advice in a thread here. Just saying

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Yep

Definitely triggered.

Except...you didn’t address neither him or his question with that extra information. It didn’t have anything to do with the ability to get an appraisal prior to the loan. He would know this as...well....it was either at or past this point.

He was struck by the language of the certification the same as I was.

So......you bury your “perfect explaination” in information that he already knew, and that somehow elevated it above “3rd grade level.”


Now who is digging a hole?







/hijack

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The appraisal was done based off plans and scope. Other then the errors, it seems screwed up that he would certify he inspected a property that didn’t exist. However, I don’t know how this all works. Maybe that’s standard language that he forgot to remove? It just all seems lazy and inaccurate. The appraisal cost me 550, and I feel like they or my mortgage company should cover the cost to correct it.

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That $550 is an example of "you get what you pay for" but just contact our mortgage company and they should handle getting it corrected. Honestly your mortgage company should have caught it on the front end if the residential loan process is similar to commercial - so if they signed off on it, there may have been a legitimate reason for omitting the bedroom without knowing the scope of the plans (low ceiling height below market standards for example).

The other inspection certification thing is just either a slight typo or how the appraisal process for proposed homes work. The appraisers have to follow a myriad of guidelines from the appraisal governing body and from the lenders. Contact the lender and express your concerns and they may tell you that the appraisal was done correctly for whatever reasons or they will contact the appraiser who should be able to correct it quickly.

The appraisal industry is a real production, churn them out business for people who want to make a good living and mistakes happen in such a fast paced environment. You can always contact the lender about the appraisal, sometimes the appraiser is permitted to discuss it specifically with the client, but a lot of lenders don't like this as they are afraid of someone trying to influence the value call. Most professionals are happy to discuss the appraisal and explain any questions or concerns. That said, always be professional as it is the easiest way to get the lender / appraiser on your side.

The house is one story and all of the bedrooms count as bedrooms. Our house is based off of the floorplan of a house that was used as a for sale comp right down the street. We took those blueprints and made modifications and added a mud room. He’s got that house listed as 4 bd 2 bath 7 rooms total.

He’s got my house listed as 3 bd 2 bath 6 rooms total. It’s the exact same layout except for the additional mudroom. He also listed that our house has a fireplace, which was nowhere on the plans.

Sounds like he messed up then, just contact the lender (they order the appraisals for residential loan considerations correct?). They should be able to handle it for you.