Jack Properties Royse City TX

By
Mortgage and Lending with NMLS# 335055 335055


I just got off the phone with Jack Properties in Royse City, TX

They have submitted a report to Freddie Mac stating that a property appears to have the original roof and should be replaced.

Well... I am no contractor.... And I have never done a roofing job.... But I can look up at a roof and tell if it has had a roof overlay or not. My roofing contractor certainly thinks it is an overlay.
I suspect our roofer actually got out of the car and crawled up a ladder to look at the roof.

 

Fact: The property has a roof overlay.

Fact: The roof has an economic life of 10+ yrs per our inspection

Speculation: Jack Properties is looking for a job?

Their reply: It is OUR OPINION.

 

Is Darrell Jack: Incompetent? Fraudulent? Confused?

 

I would be curious to hear from inspectors about this.

 

Tom Burris
DallasLoanGuy.com

Dallas, TX

http://www.dallasloanguy.com/
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I write about Texas Home Loans , live in the Dallas, TX area and lend across the entire Great State of Texas!!

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Comments (3)

Wayne Johnson
Coldwell Banker D'Ann Harper REALTORS® - San Antonio, TX
San Antonio REALTOR, San Antonio Homes For Sale

Tom-Can you get a third party or is Jack the final on this. This is a tough spot for sure and I hope you get it worked out to your satisfaction.

Oct 25, 2010 09:34 AM
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience
Underwriter discretion. Kind of in a hard spot on this one so i denied the file. Darrell Jack refused to re-visit the issue after being told that the roof had an overlay. Reminds me.... I need to send a copy of this blog to Freddie Mac
Oct 25, 2010 09:48 AM
Anonymous
iwon george

Loan is risky, if it is more than you can afford.

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bpo process

Dec 30, 2010 08:45 PM
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