low value: Breaking the bad news, VA Appraisals and Tidewater Initiative
- 03/08/11 10:02 AM
I'm sure we've all been there. We are just DREADING giving our clients, or the business partners we're working with, some bad news. Maybe their loan got denied, or the property needs extensive repairs, making it currently "unlendable". Well, I just had to give the Realtor and my borrowers some less than thrilling news. I have a VA purchase transaction that I have going and I just received the appraisal report and Notice of Value. Very disturbing news as the value came in $100,000 less than the asking price. In analyzing the report, there were comments from the appraiser that the "Tidewater … (3 comments)
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Karen Burket
Valley Mortgage Grou, Conventional, FHA, VA, mortgages
You can find great local Medford, OR real estate information on Localism.com Karen Burket-Bank of Oregon Home Loans Conventional, FHA, VA, mortgages is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
I'm sure we've all been there. We are just DREADING giving our clients, or the business partners we're working with, some bad news. Maybe their loan got denied, or the property needs extensive repairs, making it currently "unlendable".
;)
;)
