Mortgage Appraisal Appeals
Question regarding eminent domain – Anyone with any experience in it?
My husband and I met as neighbors. We became engaged in 12/04 and in 01/05, we (& our entire block) were sent papers from IDOT indicating that our homes were under eminent domain due to a corridar connector. I tried to sell the 2nd house but no-one was interested because of the eminent domain issue. I appealed to IDOT for a financial hardship that they have placed on us and they granted an early buyout. It will be several months before it takes place. They indicate that they will offer fair market value based on an appraisal and title searches, etc. I have heard so many horror stories on eminent domain!
Do you think I will get a good honest offer? Should we be compensated for our losses? We’re having trouble renting out the house because people don’t want to live there month-to-month. Now, we have 2 mortgages, an empty house, and the eminent domain issue. What’s the worse case scenrio? Your thoughts or experiences with eminent domain are greatly appreciated.
Get an idependant appraisal to be sure they are paying a fair price. Get a lawyer to see if you can have them reiumburse you for the interest and taxes you had to pay while waiting for them.
Loan- how not to get a mortgage
Some lenders try to sell foreclosed homes without holding titles
A funny thing happened to DeBary resident Russ Vas Dais as he was about to buy a foreclosed home: He learned the bank selling him the house didn’t actually own it.
The above mentioned are the basic requirements in order to qualify for a home loan. Secondly, I was interested to know how big a home loan I could get considering Mortgage Appraisal Appeals. As soon as I knew how much, I could start searching for a house.
Mortgage Appraisal Appeals
How do I get an appraiser to testify at my tax hearing?
I have a hearing scheduled for an appeal on my property taxes. When I filed the appeal, I attached an appraisal report which was put together, originally for the purposes of refinancing my mortgage. Now that I’m looking to use if for the appeal, how do I go about getting the appraiser to testify at the hearing? Will I have to pay her to testify? Or, is the possibility of having to testify something that is already figured into the appraisal fee and is just part of her responsibility? Am I able to subpoena her?
Hopefully the township will offer a settlement and I won’t even have to worry about this…just trying to figure it all out.
Thanks for the help!
The appraiser would be considered an expert witness and you would most likely have to pay her the going rate (figure $75 to $100 an hour including travel time).
Usually subpoenas are issued to people who are reluctant to testify. Unless the appraiser has refused to show up as an expert witness while getting paid, a judge may be reluctant to force them to do so.