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Real Estate reviews in Lone Tree

  • F
    We were having trouble finding an appraiser who could provide an
    appraisal in less than 3 weeks and that would endanger the closing
    because extension was not guaranteed by HUD.  Mr Potter did the original
    HUD appraisal and so we were given permission by our lender to check to
    see if he could do the work any faster than 3 weeks.  He promised a
    timeframe for the report to the lender of about 10 days.  When the
    lender checked on the appointed date, Dec. 17, Mr. Potter indicated that he
    had done the on site work but did not have the report done.  It was then promised for
    Dec. 19, which would just barely get it in in time to meet our closing
    date.  Instead, the report came out Dec. 28 and we were forced to ask
    for another extension.  That request was denied. Everything else was
    ready for the lender's approval so we could close except the appraisal
    report, so our failure to close on this house was entirely because of
    the late appraisal. Our total wasted expense for this failed deal has been
    almost $3000.
    To add insult to injury, Mr. Potter quoted $350 for the appraisal, but when
    my credit card statement came out it turns out he charged $450. 
    As appraisals go the report was thorough, but when you lose the house
    because the report is late, the quality of the report is irrelevant.  It
    was extremely unprofessional for Mr. Potter to lie about when he could provide
    the appraisal report, and also unprofessional to charge more than his verbal quote
    without at least calling to explain why more was being charged.
    I would not recommend this appraiser to anyone under any circumstance.
    Elizabeth Nichols
    - Elizabeth N.
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Real Estate Services in Lone Tree

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