How to file a complaint against an appraiser (Sacramento, Williams: for sale, real estate)

[WILLIAMSM]

Is there any recourse against a biased appraiser?


I had my Sacramento house appraised on 12/15/2018 by a very nice middle eastern man who drove all the way from san jose. He appraised it at $480,000.00. My next door neighbor sold his house in julY 2018 for $485,000.00. I decided to go with a local lender instead who called out this cowboy (an ACTUAL COWBOY!) from a farm community about 40 minutes north of sacramento to do a new appraisal ON 01/01/2019. "Cletus" appraised my house at $420,000.00. I dare you to find a house for sale in my upscale neighborhood for 420k. I just paid $450.00 to be reminded exactLy how systemic racism squeezes wealth from the black community.


aside from asking my bank to reverse the charges, do I haveany other recourse for this SIXTY THOUSAND DOLLAR DEVALUATION OF MY FAMILIES WEALTH?

[Ruth4Truth]

Wait, OP, could you explain? You had two appraisals. Couldn't you go with the original one? Was the other one locked in, because he was a friend of the realtor, or the lender? Sorry, I'm not quite following. Did you put your house on the market? And did "Cletus" provide you with profiles of comparable properties, to justify his assessment?

[cb73]

I had my house appraised by two different guys/companies when I was going to do a re-fi. The two appraisals were wildly different--nearly $100,000 apart.

I'm white. Both appraisers were white.

But yours was "systemic racism"?

Jeez.

[lostsoul359]

Originally Posted by WILLIAMSM

Is there any recourse against a biased appraiser?


I had my Sacramento house appraised on 12/15/2018 by a very nice middle eastern man who drove all the way from san jose. He appraised it at $480,000.00. My next door neighbor sold his house in julY 2018 for $485,000.00. I decided to go with a local lender instead who called out this cowboy (an ACTUAL COWBOY!) from a farm community about 40 minutes north of sacramento to do a new appraisal ON 01/01/2019. "Cletus" appraised my house at $420,000.00. I dare you to find a house for sale in my upscale neighborhood for 420k. I just paid $450.00 to be reminded exactLy how systemic racism squeezes wealth from the black community.


aside from asking my bank to reverse the charges, do I haveany other recourse for this SIXTY THOUSAND DOLLAR DEVALUATION OF MY FAMILIES WEALTH?

Well, I did a random google search, here is the website link:

CA Bureau of Real Estate Appraisers online Appraiser complaint form:

\https://www2.brea.ca.gov/complaint/

[aslowdodge]

I'm not sure how you can claim this was racism. You seem to have stereotypes on your mind calling the appraiser "Cletus" in a derogatory manner as if he was a country bumpkin.
Did you review the appraisal or just look at the total number. If your neighbor sold his house it should be listed in the comps he pulled. You should also look at all the comps he used to make sure they were valid. Also pay attention to every item pointed out like lot size , condition, square footage, etc.
You can challenge the appraisal probably by pulling your own comps or having a realtor pull comps ( may cost you a hundred bucks or so).
Before you go running to complain it was racism, you should make sure the appraisal was done wrong. There are rules and formulas used, not just random opinions based on whether he hates you because you are black. The bank will not reverse you charges. The fee was used to pay the appraiser who is not an employee of the bank
BTW try the real estate forum, you should get better answers there on this.

[sacite]

Here is what you can do:

California has a board that certifies appraisers. Check with them weather this individual has a license - and if so, if it is current.

Then, ask them to review whether this appraiser used acceptable standards in appraising your property. There are several of them, the most relevant being the use of relative comparable properties. If all of that checks out, then you are in a situation where you just did not get what you wanted, and you just have to accept it.

If, on the other hand, he is not licensed or used a method that is not accepted - take him to small claims court.

Never go back and forth with people who harass you. Document it and report it to the correct authority.

[ct2]

I just paid $450.00 to be reminded exactLy how systemic racism squeezes wealth from the black community.

could you clairify this statement . because reading what you posted I couldnt tell what color either appraisers were or what color the cowboy was. How could you turn this into a racial issue

[wannagettaway]

Who cares what the home appraises at? All that matters is the SALE price when you finally sell it.

The only time an appraisal matters is if you're trying to take out a loan against the value of the home and that's a TERRIBLE idea.