All Forum Posts by: Tiffney Billions

 Good morning Angelo 

The course topics are found towards the bottom of the website.  Again, a Facebook  group, which provides all documents, is available, after taking the course. 

You may also reach me directly through fb messenger: Tiffney Lee Billions 

https://tiffneybillions8.wixsi...

Good morning Casey,

Has this position been filled?

I offer 4 real estate course online and a face book support group afterwards.  What do you want to learn specifically?

I'm interested.  Are there interior pictures? What is the property address?

I'll respond as a former mortgage underwriter and appraisal review for Fannie Mae, Morgan Stanley, Chase and a plethora of different financial institutions.  If the appraisal has been performed and returned with a value of $180k, then that is, in fact, the certified value of the property.  The appraiser certifies the value with his signature on the appraisal report.  This means, at the time the appraisal was performed, the value of the property was $180,000.  It sounds like, since the most recent appraisal, the property has experienced normal wear and tear and needs more than what would be considered 'cosmetic repairs.'  If this is the case when a current appraisal is performed, the appraisal could mark the subject property 'subject to completion,' which means certain repairs will require completion before a lender will lend the buyer money to purchase the property (unless it is a cash deal).  Consequently, if the properties in the area and within a five mile radius are going for $270k to $280k, without requiring repairs, the property in question will have a lesser value than the comps due to the repairs required.  

Hope this helps