Bill can be reached via email at [email protected] or by phone at 508-625-0191. The property tax bill is tied to a report prepared by the local tax assessor, based on the assessor's estimation of the market value of your property. Thanks to a real estate market that continues to recover, many U.S. homeowners have been enjoying rising home values.Even so, prospective homebuyers and refinancers may still encounter the obstacle of low appraisals.. Problems with a bank appraisal are a very common reason why a real estate closing can be delayed. Signing a performance appraisal is not like signing to acknowledge receipt of the employee handbook or acknowledging that you read and agreed to the company's drug-free workplace policy. I paid for the appraisal with a personal check. Waller, 18 Real Est L J at 244. If properties rarely change hands in your neighborhood, that’s another potential problem. The institution or person can be a bank, lender, appraiser, mortgage broker, real estate broker, or other individual. About the author: The above Real Estate information on the how to challenge a low real estate appraisal on my home was provided by Bill Gassett, a Nationally recognized leader in his field. Comps should be properties that have sold within the last 90 days. The bank sent a VA approved appraiser to the property. In tort, a third party may sue an appraiser for negligent misrepresentation for an inaccurate appraisal. That could be grounds to dispute an appraisal. Discovered the 840 square feet figure by measuring the condo myself and confirmed this figure with Orange County Property Appraisers website. Common examples of illegal lending practices include: [1] X Research source Encouraging you to include false information on your mortgage application in order to get a loan. 3. If your appraiser used older comps, you may be able to show that the market has changed. 6 Big Reasons Employees Sue, And How To Protect Yourself. Negligent misrepresentation exists when an appraiser had a duty of care, the appraiser supplied inaccurate information, and another party … It's possible for a property to appraise for lower than the agreed-upon sale price due to bidding wars or a seller's elevated asking price. Typically these claims are groundless but there are many reasons that an employee can fall … Updated By Craig Berry. The appraiser returned his report giving the home the comparables for square footage, pool, land and structure value but, wrote on his report that he could not find a home on the water to compare it to give the … The reasons issues that arise from a bank appraisal can delay a closing can vary from a home that under appraises and the buyer and seller cannot come to new terms or because of repairs that are required by the appraiser. When you buy or refinance a home, mortgage lenders require an appraisal in order to properly assess the property's worth and ensure … My lender ordered the appraisal. Bill has helped people move in and out of many Metrowest towns for the last 29+ Years. When that happens, the buyer and seller must come to an agreement on how to proceed: Either the buyer pays more out … My appraiser is contesting that my lender was their client and not me so therefore I have no grounds to sue for damages. Property assessing is an inexact science, so you may have grounds to challenge your bill and save hundreds, or even thousands, of … Sue for damages square feet figure by measuring the condo myself and this... With Orange County Property Appraisers website Real estate closing can be delayed a very common reason why a estate! 18 Real Est L J at 244 this figure with Orange County Property website. Problems with a bank appraisal are a very common reason why a Real estate closing can be via... 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