Home Buying in Atlanta>Question Details

ME, Both Buyer and Seller in Atlanta, GA

appraiser holds up/ cause delay in closing

Asked by ME, Atlanta, GA Mon Jul 23, 2012

what recourse can be done for a appraiser lying or falsifying the date of appraisal? this is causing a delay in closing. I WANT TO ASK FOR MY $$$ BACK! MY BLOOD IS BOILING!

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Answers

2
Good luck with the Georgia State Real Estate Appraisers Board. There are apparently so many unqualified, incompetent and dishonest appraisers licensed in Georgia that even after filing a formal complaint you can expect to wait at least 6 months or more for action. Unfortunately, it is the real estate profession along with the mortgage banking system that created the problem we are now in. The fox is in the hen house, so I would not expect any favorable outcome from the Real Estate Board, other than they might be able to secure a refund for you. However, that is small consolidation if you are denied a loan or cannot sell your home for its true value because of the appraisal. Unfortunately, dishonest reigns in this particular profession.
0 votes Thank Flag Link Wed Jul 25, 2012
That would be grounds for disiplinary action by the Georgia State Real Estate Appraisers Board and/or by HUD if it is a FHA appraisal.
0 votes Thank Flag Link Mon Jul 23, 2012
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