mike
Baltimore,#2Author of original report
Mon, October 29, 2012
Loan Depot failed to comply with an Appeal Appraisal, I did a refi through another lender, the Appraisal came back $23000.00 higher than the Appeal Appraisal we asked contractually for Loan Depot to do in which they refused. We received a FULL refund from Loan Depot.
mike
Baltimore,#3Author of original report
Mon, October 29, 2012
Loan Depot finnaly issues refund via Credit Card by supplying Contract to credit Card Company. Folks Remember keep copies os all Contracts you sign, as in our case this ended is us receicving a refund from Loan Depot,by their keeping our money and not following the contract and"Appeal Appraisal / Desk Review" as specified in our contract.
KW
Aliso viejo,#4Consumer Comment
Mon, October 29, 2012
I am not an employee of Loan Depot, but I have een in the bussiness since 1991 and a desk review of an appraisal is generally done when the value of the appraisal may be suspect in the over valuation scenario. So, had you actually had one done, it would not have helped your cause as when a review is done, theynare Hyper Critical of everything on the original appraisal. Unfortunately, a lot of consumers don't understand how far down the appraised values of their homes have gone. And the appraisers cannot lie about the values. The days of y Hyper inflated values are gone and we are back to reality. I hope this helps with understanding.