Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Foreclosures
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 10 years ago on . Most recent reply

User Stats

19
Posts
13
Votes
Michael Garnto
  • Mount Laurel, NJ
13
Votes |
19
Posts

VA Loan Appraiser Issues

Michael Garnto
  • Mount Laurel, NJ
Posted

Ok, I'm looking for some outside perspective on this issue, as I myself am just angry at the moment with this appraiser.

Ok so first off, the appraiser took almost 2 weeks before she decided to show up to the appraisal. Ok, not acceptable in my book, but oh well. Secondly, she only uses one comparable property to appraise the house, and on top of that, picks a house completely surrounded by business/commercial parking. My agent+the sellers agent obviously fought it, and sent her 15 other comparable properties that showed my house was right in the correct price for the area(her appraisal was about 15k under the average). She then takes ANOTHER full week(she refused to answer calls from both my mortgage people, and the regional VA office itself) to reply to them, and tells them she refuses to reconsider(though her appraisal was crap, it ended with the seller coming down another 6k, but I had to come up with another 5k at closing to meet the appraisal value). Anyways, after taking a week to respond she also decides to tell them she refuses to sign off on the appraisal until an inspection is done on the wood stove because the home inspection says it is required(home inspection says "monitor" wood stove since he was not able to fully inspect it). Now that is fine and dandy, but that is information that should have been given out to start with, not after taking your sweet time to respond and in turn causing my closing date to be pushed back.

At this point I 100% plan to request her name so that I can file a formal complaint through the VA. On the other hand, I know that I can be hot headed and can often overlook some obvious explanation on why someone messed up. Am I missing something here? Or does it seem reasonable to file a complaint?

Loading replies...