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Updated about 9 years ago, 11/11/2015

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Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
7,329
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6,790
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Appraiser wouldnt appraise house ...........Heres why

Matthew Paul#2 Contractors Contributor
  • Severna Park, MD
Posted

My best friend is getting a HELOC to buy an investment property . Self employed utility contractor . The heloc is on his personal house , 400K in equity . He had an appointment today at 3 pm . the appraised calls and says he is running 1/2 hr late due to traffic. Never shows up , the friend of mine calls , there is no answer . At 7 pm he gets an email from the loan officer . The appraiser wouldnt do his job because , " the  truck in the driveway had a Confederate flag on it "      Now I see this guy 3 to 4 times a week , known him 30 years .    The " flag"  is on decorative license plate trim , its about  2 inches by 4 inches  if that big .       The neighborhood  $ 700K  homes .  

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