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Appraiser Refusal to Submit Appraisal

1,197 Views | 8 Replies | Last: 11 days ago by AGC
chasep2820
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AG
Short version: A real estate appraiser licensed in Texas refuses to submit the appraisal because of a dispute with the lender. The appraiser promised a completed appraisal that had been overdue for over 2 weeks, and all parties, including the lender, expressed their frustration. Today, the appraiser states that the lender was so rude that he has now refused to submit the appraisal altogether. He's already drug this along each week promising its almost finished and something keeps coming up and he can't finish. I assumed the legal duties of the appraiser was an unbiased opinion without emotion relative to the property at hand. Is there any recourse for this? It's as though this appraiser is just playing games for the fun of it....

It's a probate case via divorce and the seller is doing a lease buy-back until funding at closing as both parties have vacated the premises, but are needing the funds to move on with their lives. There are financial implications to this on all sides. If the appraisal would just get turned in, everyone could move on with their lives.

Any opinions are appreciated and warranted.
Bill Robbins
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AG
https://www.talcb.texas.gov/public/filing-complaint

12thMan9
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AG
Get another 1. Don't pay the 1st guy. Lender should have handled it if they are the party requiring it.
Ronnie '88
MS08
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AG
Didn't read the whole post, but saw that a lender is involved so it's a lender ordered appraisal. Resolving this dispute is outside of your control and not something you can participate in. Either the lender resolves it with the appraiser that was engaged, or another appraiser is engaged by the lender's underwriting office.

Frustrating I know because it costs you time, but this is outside of your control.
Martin Q. Blank
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Quote:

It's a probate case via divorce and the seller is doing a lease buy-back until funding at closing as both parties have vacated the premises, but are needing the funds to move on with their lives.
This doesn't make sense to me.
HTownAg98
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Who is the client? They are the ones that can decide what to do with the appraisal/appraiser.
AGC
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AG
Bill Robbins said:

https://www.talcb.texas.gov/public/filing-complaint




I second this.

I've had appraisers accept assignments and cancel on the due date or delay an extra week or two because they forgot. Don't overextend yourself and honor your commitment.

Edit: but yes, the lender will resolve it.
TxAG#2011
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AGC said:

Bill Robbins said:

https://www.talcb.texas.gov/public/filing-complaint




I second this.

I've had appraisers accept assignments and cancel on the due date or delay an extra week or two because they forgot. Don't overextend yourself and honor your commitment.

Edit: but yes, the lender will resolve it.
Missing a client due date isn't really a TALCB violation. Don't think there's anything they can do on that.

The lender should've ordered a new appraisal.
AGC
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AG
TxAG#2011 said:

AGC said:

Bill Robbins said:

https://www.talcb.texas.gov/public/filing-complaint




I second this.

I've had appraisers accept assignments and cancel on the due date or delay an extra week or two because they forgot. Don't overextend yourself and honor your commitment.

Edit: but yes, the lender will resolve it.
Missing a client due date isn't really a TALCB violation. Don't think there's anything they can do on that.

The lender should've ordered a new appraisal.


You're right on both counts.

However, appraisers know this and occasionally abuse it so I'm fine with people logging complaints. Sure, a lender doesn't have to use them in the future but that doesn't really present recourse in a transaction with a firm deadline. Some sellers won't care about why the due date was missed.
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