Recent content by jaycat

JETX, I've spoken to the realtor and the owner on numerous occasions; that's where I've gotten all of this information from. I know from the owner that they've held the mortgage for almost 19 years; that the home equity loan is for 17k; that the house appraised at 105k--almost twice what he...

Hi, Rob; thank you for your input. I doubt it was a "subject to" appraisal since the owner said he's having it reappraised after the siding, carpet and paint are done. Plus the appraisal without that work was listed about 20-30k less than other units exactly like this that have sold in our...

Thanks, guys. Even though I'm fairly certain this guy is asking for money far below the appraised value--making a couple thousand dollars in aesthetic repairs unnecessary--you just never know. As for why I'm concerned: The most important reason is that I think it's possible they're using...

What is the name of your state? FL It's a long story, so I'll try to make it short. The owners of the house we rent are taking out a home equity loan to replace the siding and they recently had the house appraised. The owners also claim they decided to refinance while taking out the home...