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Don’t spend my money when you don’t have too!


By Todd Clark (Broker/Sales Coach) 503-524-9494

caughtI’m about one week from closing on a home that is in foreclosure and the loan that is in foreclosure is a VA loan. The bank that is foreclosing is about 2 months away from foreclosing on this property, yet I still got a call today from a VA appraiser wondering if there was a lockbox on the property so they could do an appraisal on the property.

I had to ask, why are we spending tax payer money ordering an appraisal on a property that was less than a week away from closing? I could understand if it had passed the date it was supposed to close and they thought that they may have to foreclose, but that isn’t the situation here.  

So, my question is, how do you stop the banks from doing stupid things like spending our money on things that aren’t needed, like a tax payer paid appraisal on a VA loan that won’t matter in a week and probably won’t even be back to the bank before we close?



Todd Clark - Broker / Sales Coach
All Brokers Real Estate
Phone: (503)524-9494
Fax: (503)622-8739

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©2010 Todd Clark - Originally posted at Don’t spend my money when you don’t have too!