All Forum Posts by: Phillip Dwyer

Price has been reduced to $117,000.

Every industry has players that don't always conduct themselves in a polite manner. In this situation I think you need to separate the rude behavior from the actual appraisal. Is the report full of errors and misrepresentations, or did the opinion of value not meet your expectations? If the answer is the former, you may be able to request a new appraisal. If it's the latter, you're out of luck. Keep in mind the appraiser's client is the bank regardless of who pays the fee. Appraisers still need to develop the appraisal without bias. The appraisal is an OPINION of value derived by analysis of the market data.

Bobby,

I missed this post. Give me a heads up when you'll be in town again.

Lupe,
I hosted one in October, and plan to start up a regular meeting schedule after the 1st of the year. Stay tuned.

Welcome Lupe. There are some solid BPers here in Vegas. Andy is one of them. Reach out next time you're in town if you want to hook up for coffee or lunch.
I think you're right to be cautious in Vegas. I'm not sure that the state will get lax with AB284, because the results have helped their cause thus far: increased home building, increased retail sales and sales taxes, and lower foreclosure numbers reported in the papers. Still there's a ton of delinquent loans to work through at some point.

Doesn't seem ethical to me.

Ditto

Nathan Gesner Thanks for sharing, and nice hair cut.

Nathan Gesner What package did you purchase?

You can get proactive, so you won't have issues. Read up on the HUD website for their property requirements. Know you're local code, and stay informed of changes. This way, you can incorporate these items into your cost analysis and rehab. It's probably a good idea to at least know what the major lenders in your area require as well.