The real deal about real estate.....really....

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Short Sale BPO Appraisals: Banks....You should be ashamed of yourselves!!

I met an appraiser at the property for one of my short sale listings yesterday to let her in to the property.

She was extremely nice, friendly, professional, and..................FRAZZLED.

This poor girl had her hands full of measuring equipment and notepads and a cell phone and all other kinds of stuff.

And she was really moving her butt along quickly to get the appraisal done.

So I asked her how many appraisals she had left today, and she replied "seven".

I informed her that I actually paid $325 for an appraisal right before submitting the short sale package because I wanted to be assured that the accepted purchase price was going to be good going into this, as I did not want their to be any appraisal issues.

She informed me that not only do the banks have her working twice as hard and expect them done twice as fast, but they have cut her pay for each BPO to less than half of what she used to get.

You know, if I had all of the banks CEO's in front of me for two minutes, I would "OOPS" each one of you upside your heads!

Shame on you for being good-for-nothin-dirty-low-downs.

And I hope Kharma finds you with her big stick and opens up a can of whoop-ass on y'all..............

15 commentsRalph Gorgoglione • September 22 2009 02:44PM