Is This Lender Influence?
Secondary market loan, so they said. So, I just get off the phone with the loan officer at the local bank. She didn't order the appraisal, they actually have a good system set up rotating through different appraisers.
So, she calls about an additional comp. It is an Aframe, and of the 4 closed sales already in the report, 1 is only kind of an Aframe. But, since there weren't any recent closed sales of comparable Aframe, I went the 4 sales, and also added an active listing from the immediate neighborhood that is an Aframe.
She asks for an additional comp, and no problem...I understand that. Just need to get outside the time frame and or price range and or geographic region, but I understand.
Then she starts chastising me for having an active listing in the report. Saying "well, I've been in the business for over 28 years, and never seen an active listing in an appraisal." I call BS! Bull pellets. No Way.
So, is she influencing me to take this listing out of the report. I told her for me to even consider it, I would need a request from her in writing as to why it needs to come out. I'm going to expand on that email conversation with her until she really shows how stupid she is. At that point, I'll give her a report with probably two more additional comps, both Aframes, and that listing will still be in there.
I hate this business.
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