- Report: #677841
Complaint Review: Lincoln & Associates - Monument Colorado
Reported By:
Chris -
Federal Way, Washington, United States of America
Submitted:
Updated:
-
Author Not Confirmed
Why?
Lincoln & Associates
PO Box 525 Monument, 80132 Colorado, United States of America
Phone:
888-963-2299
Web:
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Lincoln & Associates Peter D. Jancola poor appraisal quality, missed applying guidelines correctly, no knowledge of high end new construction or any construction in the city of Seattle, refused to correct report. Monument, Colorado
Poor appraisal quality, missed applying basement Fannie Mae guidelines correctly, no knowledge of high end new construction or any construction in the city of Seattle. Peter Jancola took 3 weeks to even contact me despite the whole process estimated to take 2 weeks, and then the appraiser missed a couple dates he told me he would have it done and to my bank. 25 year old guy too inexperienced and probably busy partying is the sense I got. He also assumed spec quality building grade that no contractor can even do for this house, maybe out where he's from. They were off by 25% from actual construction costs and I verified that by ordering another accurate and competent appraisal. Yet they wouldn't reconsider any of my detailed comp and numerous technical errors that I raised. Of course not, they are always right. Appraisers as an industry are the worse, for years they matched the sales prices of booming real estate without any honest analysis, and now the pendulum has swung to the opposite, still no analysis, but pick the lowest value around and fill in the computer program. In my opinion, I recommend anyone AVOID these guys and AVOID USBank for construction loans. Get someone from the actual city of Seattle.
1 Updates & Rebuttals
Lincoln and Associates
Monument,Colorado,
Report # 67784 re:Peter Jancola / Lincoln & Associates
#2REBUTTAL Owner of company
Sat, July 13, 2013
For due cause, Peter D. Jancola no longer receives assignments from Lincoln & Associates. The complaint was against Peter Jancola an Independent Free Lance Appraisal Contractor, who was not an employee of Lincoln and Associates. Peter Jancola apparently accepted an appraisal assignment that was beyond his capabilities and neglected to adhere to sound business practices. Lincoln and Associates has disengaged him from any further relationship since the alleged incident in 2011.
