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Chris Herford's Advice

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  • 187 Contributions
  • 2 Best Answers
  • 100 Helpful

Chris Herford wrote:

do banks deliberatley pick an appraiser that low balls so they can deny the refinancing loan?

Answer
UB TEAM - Ask Amy Bladow about me.   I believe you office from the same goodyear green location.  Then again, I love to tell people "Google me". :)  Eubanks, you and and I have been on the opposite side of a few transactions together.  Let me know when you would like to discuss ways I can help grow your business!Cheers,Chris.
January 04 2012
(0)

do banks deliberatley pick an appraiser that low balls so they can deny the refinancing loan?

Answer
you can contact me on my cell 405-406-9222 or by email chris.herford@wjbradley.com   
January 04 2012
(0)

Zillows New Lender Leaderboard?

Response
LMAO!  Thank you Captain Obvious! (insert Captain pose)  This limited viewing of a zillow page was worth a little eye burn.
January 14 2011
(0)

Where should I go to take the NMLS examination?

Answer
a licensed testing center.
October 25 2010
(0)

Need Wholesale Lender

Response
yes, feel free to have the customer call Jason Phillips.
August 27 2010
(2)

Was it all the complaints about the CIC for ZMM place?

Answer
thanks Rudi, but ill give credit where credit is due.. without dropping the dime on someone else of course, good job with this pic... you know who you are!  I cant see why GVD would want back on this horrendous site.. he seems to be doing great work with lender411.com.
August 19 2010
(0)

who can loan on an earth sheltered home, no will give you an appraisal to use as loan value

Answer
Talk to a mortgage banker before moving forward with this type of home.  Make sure they do not layer on top of Fannie Mae's guidelines.  Non traditional home guidelines state that the cost approach can be used instead of using the comparable sales approach  I have financed a few of these earth homes and as long as there are other non traditional sales to use as comparables you should be fine.  These dont necessarily need to be other berm, or earth homes but having one similar sale does help.
July 09 2010
(2)

who can loan on an earth sheltered home, no will give you an appraisal to use as loan value

Answer
Getting an appraisal on an earth home can be a little tricky as it is not a traditional home style.  The appraiser has to be able to find some sort of non traditional sales in the last year to compare to the property. As far as financing is concerned; Mortgage lenders who do not "layer" or add additional guidelines to Fannie Mae's underwriting criteria will more than likely have an easier time financing a non traditional property. I hope this helps!  Let me know if you have any other questions. Chris
July 08 2010
(1)

why has there been such a huge drop in value in the Jones, OK area in the past month

Answer
Jennifer is correct.  This has a lot to do with the price adjustments in Jones.  I question if the values in Jones weren't inflated over the past few years and if they are correcting for that area.  With short sales and foreclosures running rampant in our country, Jones may just be feeling the effect.  I recently financed a home that was new construction in Jones (one of the five Jennifer referred too) and the values (by sales comparison) for new homes seemed in line with the area. What age is your home and how much do you feel the value has dropped?
April 28 2010
(2)