We got an email from a Realtor that said: “Save this Deal, JVM.” I point that out b/c we get similar emails every week b/c rookie loan officers at other lenders miss deal killing issues.

But alas, we were not able to save this particular deal b/c the repair issue was too obvious. Good appraisers will ignore cosmetic issues and repair issues that go unseen, as long as the issues are not referenced in the MLS, in reports, or in contracts.

Appraisers, however, cannot ever ignore a conspicuous repair or health and safety issue like a roof that is obviously beyond its useful life, missing floor coverings, exposed electrical wiring, an empty swimming pool, etc. We would never expect appraisers to ignore such things, as their licenses would be at stake.

Jay Voorhees
Founder/Broker | JVM Lending
(925) 855-4491 | DRE# 01524255, NMLS# 335646

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