d*n
2 楼
We are purchasing a house that locates in the boundary of the very good
school distract, so most nearby sold houses were at much lower prices.
However, the appraiser selected by the bank:Provident Funding seems very
familiar with the local house marketing, he used many houses in 1 mile (very
good school distract) as comparable house. Now the bank questioned why he
did not use the nearby recent sold houses to compare and further declined
our loan application by "Due to insufficient recent and proximate comparable
market activity, the subject property is ineligible for financing with
Provident Funding. Loan to be Denied ".
Please give us some suggestions, we really want to buy this house and locked
the rate at low point. Changing a lender will cost much high for us and
jeopardize the contractor because the seller may lost patience.
Big thanks to you.
school distract, so most nearby sold houses were at much lower prices.
However, the appraiser selected by the bank:Provident Funding seems very
familiar with the local house marketing, he used many houses in 1 mile (very
good school distract) as comparable house. Now the bank questioned why he
did not use the nearby recent sold houses to compare and further declined
our loan application by "Due to insufficient recent and proximate comparable
market activity, the subject property is ineligible for financing with
Provident Funding. Loan to be Denied ".
Please give us some suggestions, we really want to buy this house and locked
the rate at low point. Changing a lender will cost much high for us and
jeopardize the contractor because the seller may lost patience.
Big thanks to you.
z*g
3 楼
approve
s*y
4 楼
i am not seeing u can do much here. changing lender doesn't cost much
besides the extra time.
very
comparable
locked
【在 d****n 的大作中提到】
: We are purchasing a house that locates in the boundary of the very good
: school distract, so most nearby sold houses were at much lower prices.
: However, the appraiser selected by the bank:Provident Funding seems very
: familiar with the local house marketing, he used many houses in 1 mile (very
: good school distract) as comparable house. Now the bank questioned why he
: did not use the nearby recent sold houses to compare and further declined
: our loan application by "Due to insufficient recent and proximate comparable
: market activity, the subject property is ineligible for financing with
: Provident Funding. Loan to be Denied ".
: Please give us some suggestions, we really want to buy this house and locked
besides the extra time.
very
comparable
locked
【在 d****n 的大作中提到】
: We are purchasing a house that locates in the boundary of the very good
: school distract, so most nearby sold houses were at much lower prices.
: However, the appraiser selected by the bank:Provident Funding seems very
: familiar with the local house marketing, he used many houses in 1 mile (very
: good school distract) as comparable house. Now the bank questioned why he
: did not use the nearby recent sold houses to compare and further declined
: our loan application by "Due to insufficient recent and proximate comparable
: market activity, the subject property is ineligible for financing with
: Provident Funding. Loan to be Denied ".
: Please give us some suggestions, we really want to buy this house and locked
g*z
5 楼
card is being produced 那天
c*1
6 楼
I guess he need relock the rate but now rate is higher.
【在 s********y 的大作中提到】
: i am not seeing u can do much here. changing lender doesn't cost much
: besides the extra time.
:
: very
: comparable
: locked
【在 s********y 的大作中提到】
: i am not seeing u can do much here. changing lender doesn't cost much
: besides the extra time.
:
: very
: comparable
: locked
t*t
7 楼
面试后approve的那个日期！我的就是面试当天的日期
c*1
8 楼
ask PF to use another appraiser.
o*p
9 楼
换lender. 加州，请站内联系。
very
comparable
locked
【在 d****n 的大作中提到】
: We are purchasing a house that locates in the boundary of the very good
: school distract, so most nearby sold houses were at much lower prices.
: However, the appraiser selected by the bank:Provident Funding seems very
: familiar with the local house marketing, he used many houses in 1 mile (very
: good school distract) as comparable house. Now the bank questioned why he
: did not use the nearby recent sold houses to compare and further declined
: our loan application by "Due to insufficient recent and proximate comparable
: market activity, the subject property is ineligible for financing with
: Provident Funding. Loan to be Denied ".
: Please give us some suggestions, we really want to buy this house and locked
very
comparable
locked
【在 d****n 的大作中提到】
: We are purchasing a house that locates in the boundary of the very good
: school distract, so most nearby sold houses were at much lower prices.
: However, the appraiser selected by the bank:Provident Funding seems very
: familiar with the local house marketing, he used many houses in 1 mile (very
: good school distract) as comparable house. Now the bank questioned why he
: did not use the nearby recent sold houses to compare and further declined
: our loan application by "Due to insufficient recent and proximate comparable
: market activity, the subject property is ineligible for financing with
: Provident Funding. Loan to be Denied ".
: Please give us some suggestions, we really want to buy this house and locked
d*n
10 楼
Thanks all for your kindly suggestions. Yes, we lock rate at 4%. If we
change lender will have two risks here: (1) The relocked rate will be around
4.85%; (2) Seller may not allow us such time because they may choose
terminate the contractor.
I am wondering whether it is possible that we appeal the denial. Have
anybody heard the successful case about appeal? If yes, how is the process?
change lender will have two risks here: (1) The relocked rate will be around
4.85%; (2) Seller may not allow us such time because they may choose
terminate the contractor.
I am wondering whether it is possible that we appeal the denial. Have
anybody heard the successful case about appeal? If yes, how is the process?
b*2
11 楼
first, your agent should not use PF for purchase loan. PF is the best for
refinance, but not purchase.
2nd, it's very hard to appeal the appraisal value.
around
【在 d****n 的大作中提到】
: Thanks all for your kindly suggestions. Yes, we lock rate at 4%. If we
: change lender will have two risks here: (1) The relocked rate will be around
: 4.85%; (2) Seller may not allow us such time because they may choose
: terminate the contractor.
: I am wondering whether it is possible that we appeal the denial. Have
: anybody heard the successful case about appeal? If yes, how is the process?
refinance, but not purchase.
2nd, it's very hard to appeal the appraisal value.
around
【在 d****n 的大作中提到】
: Thanks all for your kindly suggestions. Yes, we lock rate at 4%. If we
: change lender will have two risks here: (1) The relocked rate will be around
: 4.85%; (2) Seller may not allow us such time because they may choose
: terminate the contractor.
: I am wondering whether it is possible that we appeal the denial. Have
: anybody heard the successful case about appeal? If yes, how is the process?
d*n
12 楼
The appeal value beyond the sale price. The problem here is the appraiser
used the houses in good distract ( i.e. > 1 mile from our purchasing house)
as comparable houses instead of using the nearby (within 0.5 mile) house as
comparable houses because he believe this house belongs to the very good
school distract and should have higher value.
used the houses in good distract ( i.e. > 1 mile from our purchasing house)
as comparable houses instead of using the nearby (within 0.5 mile) house as
comparable houses because he believe this house belongs to the very good
school distract and should have higher value.
w*c
13 楼
re
purchase loan远离PF！！
让你的broker和PF的underwriter 再argue一下，看能不能再补一个appraisal
【在 b********2 的大作中提到】
: first, your agent should not use PF for purchase loan. PF is the best for
: refinance, but not purchase.
: 2nd, it's very hard to appeal the appraisal value.
:
: around
purchase loan远离PF！！
让你的broker和PF的underwriter 再argue一下，看能不能再补一个appraisal
【在 b********2 的大作中提到】
: first, your agent should not use PF for purchase loan. PF is the best for
: refinance, but not purchase.
: 2nd, it's very hard to appeal the appraisal value.
:
: around
b*2
14 楼
这种事经常遇到, 特别是在好区和坏区交界上的房子.
appraiser的目的是好的, 但是做法不对.
按lender的标准再做一次应该没问题
)
as
【在 d****n 的大作中提到】
: The appeal value beyond the sale price. The problem here is the appraiser
: used the houses in good distract ( i.e. > 1 mile from our purchasing house)
: as comparable houses instead of using the nearby (within 0.5 mile) house as
: comparable houses because he believe this house belongs to the very good
: school distract and should have higher value.
appraiser的目的是好的, 但是做法不对.
按lender的标准再做一次应该没问题
)
as
【在 d****n 的大作中提到】
: The appeal value beyond the sale price. The problem here is the appraiser
: used the houses in good distract ( i.e. > 1 mile from our purchasing house)
: as comparable houses instead of using the nearby (within 0.5 mile) house as
: comparable houses because he believe this house belongs to the very good
: school distract and should have higher value.
d*n
15 楼
Thanks blueangel2 a lot for your suggestion. Do you have some information or
case study to share with me? Or, do you know what the normal process to do
so?
case study to share with me? Or, do you know what the normal process to do
so?
d*n
16 楼
Thanks blueangel2 a lot for your suggestion. Do you have some information or
case study to share with me? Or, do you know what the normal process to do
so?
case study to share with me? Or, do you know what the normal process to do
so?
b*2
17 楼
welcome. sorry no case study, but the process is straightforward, just
having your agent to request the lender to do another appraisal and continue
the process.
or
do
【在 d****n 的大作中提到】
: Thanks blueangel2 a lot for your suggestion. Do you have some information or
: case study to share with me? Or, do you know what the normal process to do
: so?
having your agent to request the lender to do another appraisal and continue
the process.
or
do
【在 d****n 的大作中提到】
: Thanks blueangel2 a lot for your suggestion. Do you have some information or
: case study to share with me? Or, do you know what the normal process to do
: so?
n*l
18 楼
Hi durbin,
The reason states you case is pending denial because they cannot find
sufficient RECENT and PROXIMATE comparable market activity. If you can find
comparables on MLS listings showing the properties were sold recently and is
within a close range of your property, you still have a chance to argue
with them. You may ask your agents to search on MLS listings and pull the
property (which you choose as comps) profile pages, then write a short
paragraph under the property profile explaining why it should be considered
"recent" and "proximate". And provide them with Provident for review. The
explanation should be as detailed as possible.
What Provident Funding states in the condition log is NOT always correct and
they may just wait for your effort to provide information/solution for
their review, and they will not tell you how to do it. So sometimes critical
thinking is important.
I think you still have a chance and hope the above helps. Good luck!!!
Thanks!
The reason states you case is pending denial because they cannot find
sufficient RECENT and PROXIMATE comparable market activity. If you can find
comparables on MLS listings showing the properties were sold recently and is
within a close range of your property, you still have a chance to argue
with them. You may ask your agents to search on MLS listings and pull the
property (which you choose as comps) profile pages, then write a short
paragraph under the property profile explaining why it should be considered
"recent" and "proximate". And provide them with Provident for review. The
explanation should be as detailed as possible.
What Provident Funding states in the condition log is NOT always correct and
they may just wait for your effort to provide information/solution for
their review, and they will not tell you how to do it. So sometimes critical
thinking is important.
I think you still have a chance and hope the above helps. Good luck!!!
Thanks!
k*z
19 楼
加大首付不行么。
h*1
20 楼
never nver use Provident Funding for Purchase. Too much risk!
When is yopur closing? Which state are you in?
If in RI, MA, NH, CT, NJ, VA, DE, PA, NC, WA,Wi or MI please contact me, I
may work this out for you.
774-567-0483
h****[email protected]
very
comparable
locked
【在 d****n 的大作中提到】
: We are purchasing a house that locates in the boundary of the very good
: school distract, so most nearby sold houses were at much lower prices.
: However, the appraiser selected by the bank:Provident Funding seems very
: familiar with the local house marketing, he used many houses in 1 mile (very
: good school distract) as comparable house. Now the bank questioned why he
: did not use the nearby recent sold houses to compare and further declined
: our loan application by "Due to insufficient recent and proximate comparable
: market activity, the subject property is ineligible for financing with
: Provident Funding. Loan to be Denied ".
: Please give us some suggestions, we really want to buy this house and locked
When is yopur closing? Which state are you in?
If in RI, MA, NH, CT, NJ, VA, DE, PA, NC, WA,Wi or MI please contact me, I
may work this out for you.
774-567-0483
h****[email protected]
very
comparable
locked
【在 d****n 的大作中提到】
: We are purchasing a house that locates in the boundary of the very good
: school distract, so most nearby sold houses were at much lower prices.
: However, the appraiser selected by the bank:Provident Funding seems very
: familiar with the local house marketing, he used many houses in 1 mile (very
: good school distract) as comparable house. Now the bank questioned why he
: did not use the nearby recent sold houses to compare and further declined
: our loan application by "Due to insufficient recent and proximate comparable
: market activity, the subject property is ineligible for financing with
: Provident Funding. Loan to be Denied ".
: Please give us some suggestions, we really want to buy this house and locked
p*y
21 楼
PF有个系统去审核appraisal，显然是LZ的appraisal没通过该系统的审核。PF十分挑剔
，估计他们是不想要这个loan的。转其他lender吧，rate估计没有PF好，但loan还是应
该能拿到的。
，估计他们是不想要这个loan的。转其他lender吧，rate估计没有PF好，但loan还是应
该能拿到的。
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