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Bank of America 2 Listing Agent: "Can you stall the appraiser?"

By
Real Estate Agent with RE/MAX Compass 0524642

It's rare that I suggest that my seller accept a BOA approval letter, but when you have a listing with extenuating circumstances you have to do what you can sometimes to get the home sold. Yesterday the lender called & asked me to "dodge the appraiser for a few days." 


Someones not telling the truth.


The lender informed me that the buyer "was having doubts about buying the home and that he didn't want to cancel the appraisal altogether." 

Naturally my next call was to the agent representing the buyer. Billy the Buyer's Agent explained to me that the buyer was "excited about buying" and that he had no idea what the lender was talking about. 

 

1 more reason to be leary of Bank of America.  The only reason a lender stalls for the appraisal is because there are loan issues - meaning problems. 

Posted by
Greg Nino
Realtor
RE/MAX Compass 
Direct & Text 7 days a wk: 832-298-8555 
 
 
Realtor since 2004
Mediator & Arbitrator for the TX Assoc. of Realtors
Member of the Professional Standards Committee for the TX Assoc. of Realtors
Arbitrator for the Comptroller's office for the State of TX for Arbitration of Property Tax Values

 Member of the RE/MAX Hall of Fame & Platinum Club

 

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Comments (1)

Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

No that's not a good sign, but it doesn't necessarily have to be isolated to that particular bank. Although they do get some very strange notoriety.

Mar 22, 2017 05:27 PM