So ask them what MGM is going to be at by this summer?

Thats how we do in Iowa

I'd say. I mean you average 20 posts a year. Hope it all worked out.

You gotta ask yourself what an unemployed guy such as, say, Mike Shanahan would pay for that house.

That's the real market price.

Hey man, any chance you could put an Arby's next door to me?...:hmmm:

LMAO

That'd be sweet.

Lower than the 4.75 I have already?:)

They have brought the Rainman rath.... let it rain.

Supposedly, even for a Jumbo loan (over $500k).

The only reason I'm passing on this info is that these guys have been correct about everything else this past year.

But, my advice to anyone is that if you can get into a cheap 30-year mortgage right now, do it.

No one's offering a lower percentage than what I have now (5.25% on a Jumbo), so I won't do anything until rates are lower.

Know anyone that will refinance anything under $50k? :cuss:

I really do know why some people take guns into large companies and start shooting.

So I've been wrestling with the appraiser and he finally said that he would re-do the appraisal with the proper records. But he said that he's not allowed to because he puts the appraisal into some big computer system, and once he enters the numbers he can't change them. He said that he has to get permission from some appraisal clearinghouse who has to get permission from the lender.

So I contact the lender, and they say, "The appraisal is done." Argue, argue, argue. They say the appraisal is fine, because the appraiser used "an accepted source". THE SOURCE IS WRONG! THE SOURCE IS THE ESTIMATE OF SOME REALTOR TWO DECADES AGO! THE SQUARE FOOTAGE IS WRONG! THE NUMBER OF BEDROOMS IS WRONG! THE NUMBER OF BATHROOMS IS WRONG! WRONG, WRONG, WRONG!

She then says she can change it, but it may cost extra. Argue, argue, argue. I tell her to let me know so I can throw a screaming fit at someone higher up the ladder (my exact words).

She then says, "Why do you care? The numbers don't matter anyway. All we're doing is confirming that there's a house at that address."

The numbers don't matter? What? So I said, "Fine. Then change the number to $2 million and I'll go away." She said she'd talk to the appraiser.

What is so hard about this? The records are on the Internet. The house has been the same size for 102 years. Why can they not correct their own error without telling me it's going to cost me more money? And if the numbers don't matter, why am I paying money for the stupid appraisal? The whole thing is just a scam and a ripoff. I'll be glad when 2012 comes and all of these people are killed by Mayans.

I'll be out there next week with 4 other Iow anians if for you want for him to get a visit with whiffle bat....or carry any heavy boulders.

That is dumb and it sucks people who are producers get screwed. Keep on fighting the fight

Um ... since when are MLS listings the same as "public records" from a governmental source? The former is just a way for realtors to sell homes to each other, and the latter is an actual gov't document.

Dude should be beaten senseless just for not knowing the difference.

As far as licensing appraisers go, it's state by state. Some are more stringent than others, but regardless, a lot it is, in fact, opinion. Yes, they're supposed to use data such as the pricing of similar homes, etc., but a lot is just an appraiser deciding if he thinks your house is a flaming piece of crap.

With all that being typed, your mortgage company person is actually correct -- they don't use appraisals so much to determine what to give you so much as to just make sure there's a house and it's close in quality, size, etc., to what you say it is. It's not a hard and fast ruling on value or anything.

And with even that being typed, you're doing the correct thing. Bring the Rain down on the dude and make him wish he'd kept that job at Arby's.

MM
~~:shrug: :)

NICE!