Can you share some appraisal horror stories?

Sure. In some cases, the VA appraiser requests additional paperwork at the last minute. For instance, a veteran was trying to close on a home. Right before the final approval, the appraiser asked for more documents regarding some minor repairs that were made. It was a scramble to get the paperwork in time, and it almost derailed the whole deal.

Sure. One of the worst was when an appraiser made a huge mistake in the square footage calculation. He miscalculated by a large amount, which made the house seem much smaller than it actually was. This led to a very low appraisal value. The homeowners were shocked as they knew the correct size of their house. They had to go through a long process to correct the error.

There was a case where the VA appraiser missed major renovations done on a property. The homeowner had spent a great deal on upgrading the kitchen and bathrooms, but the appraiser seemed to overlook these improvements. As a result, the appraisal value didn't reflect the true worth of the house. It was a nightmare for the homeowner who was relying on a fair appraisal for a refinance.

One horror story is when the appraiser undervalued a house significantly because they overlooked recent renovations. The homeowners had put in a new kitchen and bathroom, but the appraiser didn't notice or factor it in. As a result, they got a much lower appraisal value than expected, which caused problems when they were trying to refinance their mortgage.

Sure. There was a commercial building that had a unique architectural design which was actually a selling point. But the appraiser wasn't familiar with this type of design and undervalued it. The property owner was planning to lease it out at a higher rate based on its real value but had to lower the price due to the inaccurate appraisal.

One horror story is when an appraiser underestimated the value of a house due to a simple mistake in measuring the square footage. The owners were trying to sell and based on the low appraisal, they had to lower their asking price significantly, losing out on a lot of potential profit.

One common element is unfair criteria. For example, if the criteria keep changing without notice, it can be a nightmare for employees. Another is when personal biases of the appraiser come into play. If the appraiser doesn't like an employee for some non - work - related reason, they might give a bad appraisal.

One 'as is horror story' could be about an old, abandoned house. People say that at night, strange noises come from it. There are whispers and creaking sounds, as if the house itself is alive. Shadows move across the broken windows, and those who dare to get close feel a sudden chill in the air.

One horror story is about an old, abandoned asylum. People say at night, you can hear the screams of the patients who were once tortured there. The hallways are dark and cold, and there are strange markings on the walls.

One horror story is about an old, abandoned mansion. People say that at midnight, strange noises come from it. Lights flicker in the empty rooms, and there are reports of shadowy figures moving around. It's said that a family was brutally murdered there decades ago, and their spirits still haunt the place.