Special offer

FHA Short Sale Blunders - Appraisers are going mad in the Head!

By
Real Estate Broker/Owner with Utah Realty 5451933-PB00

This listing was placed on the market 8-12-2010 for $98,500

Price reductions as follows:

9-01-2010 $94.900

9-14-2010 $89,000

9-21-2010 $84,900

10-18-2010 $79,000

11-19-2010 $74,000

 

Finally we get an offer in at $71,000 What does the FHA APPRAISER DO Values it at $85,000!

What a MORON! 

Comments (2)

Kathy Toth
Ann Arbor Market Center Keller Williams - Ann Arbor, MI
Ann Arbor Real Estate Experts - Kathy Toth Team

Now you are stuck with an FHA appraisal for 6 months right?  So no more FHA buyers - just other loan programs!

Dec 23, 2010 02:41 AM
Lisa Coates
Level Ten Construction Consultants - Halifax, NS
Residential Home Sales Specialist

I'm sorry I don't understand, was the FHA appraisal done for a buyer or the bank?

Dec 23, 2010 02:54 AM