Loss
First 4 unit, small older building, all two beds, contract at $560,000. Appraisal came back $489,000 and the loan died on it. I've lost the $650 appraisal fee, $1,900 in inspectio…
Win
Land parcel, 68 acres, mostly wooded with about 11 acres of cleared pasture and a gravel access easement. County reassessed it and moved the value up 41 percent in one cycle, whic…
Win
I buy small second liens, mostly $30k to $90k balances, and through last year I was taking whatever value the seller had in the file. Usually an automated value, occasionally a tw…
Loss
Wanted to get into valuation work. Found the qualifying education requirement for a trainee credential in my state, signed up for the package, paid $3,100 up front for the courses…