Hubbard Appraisals

Hubbard Appraisals [redacted] ***Chesterfield, MO 63017Subject: Response toMr [redacted] ComplaintsThemajor complaint is the value of the subject with the minor complaint of having bedrooms insteadof 1.I was never notified that another inspection was need to identify the second bedroomTo getnotification, the bank had to receive it in writing, then they send it to theManagement Company, andthen I get the request -- I received nothing! And a possible reason is that a second bedroom does notincrease the value of the property – what increases it is the square footage adjustment and the numberof bath rooms.The value of your property is determined by the value of comparables around your propertyIf theywere incorrectly selected, then new ones should be identified with an explanation why the ones theappraiser selected were incorrect .Looking at old appraisals (years ago), or looking at the median values in the area are NOT valid waysto determine value.Since the comparable given and used reflect the appraised value, there is no change in value[redacted]

Hubbard Appraisals[redacted]Chesterfield, MO 63017Subject: Response toMr. [redacted] ComplaintsThemajor complaint is the value of the subject with the minor complaint of having 2 bedrooms insteadof 1.I was never notified that another inspection was need to identify the second bedroom. To...

getnotification, the bank had to receive it in writing, then they send it to theManagement Company, andthen I get the request -- I received nothing! And a possible reason is that a second bedroom does notincrease the value of the property – what increases it is the square footage adjustment and the numberof bath rooms.The value of your property is determined by the value of comparables around your property. If theywere incorrectly selected, then new ones should be identified with an explanation why the ones theappraiser selected were incorrect .Looking at old appraisals (5 years ago), or looking at the median values in the area are NOT valid waysto determine value.Since the comparable given and used reflect the appraised value, there is no change in value.[redacted]