Profile picture for Dmitry.Shulga

Pauline O'Hare(Labib) RE agent practice

In a nutshell, we were deceived and had unknowingly to pay way higher the market value per sq. ft.

We needed to buy something fast and Pauline OHare's property fit our budget. We were extremely happy with the price and decided to proceed. The advertised living area was claimed to be around 300 sq. ft. more than in taxable, which is ultimately defines the home value.

As my financial broker said, she committed "borderline fraud" by manipulating the law that defines living area sq. ft. calculation. Furthermore, she represented both parties, selling and buying, so the fact of falsifying sq. ft. number was completely concealed.

So now when we decided to refinance, the appraisal number is based on lower area and thus completely devalues our downpayment. Our attempts to contact her and discuss the matter failed. 

Any suggestions?
  • November 05 2010 - Bellevue
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Answers (2)

Proving fraud can be a dificult task. However, you should probably seek the advise of lawyer and have your purchase & sale contract & any documents associated with your purchase available. How about the appraisal from the orginal lender? They would have been inside & outside the home prior to the underwriter approving the home loan and closing?
  • November 05 2010
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I'd be very careful about accusing someone of a crime in a public forum.  It sounds like you do have a real grievance, but it's better to stick to the details and not leave yourself open for a libel suit. 

This is a reinforcement of the need for individual representation for buyers.  Your appraiser should have had an approximate measurement of the home, as well as the tax records for the home should have been available to you.  Was unfinished space such as a garage used in the square footage calculation?
  • November 06 2010
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