Oak Mountain Lake Topics: it appraised a bit low
(Oak Mountain Lake Specific)
0 messages
Updated
Lakes Online Forum
83,605 messages
Updated 4/25/2024 9:33:24 PM
Lakes Online Forum
5,193 messages
Updated 4/3/2024 3:47:36 AM
(Oak Mountain Lake Specific)
0 messages
Updated
Lakes Online Forum
4,169 messages
Updated 4/15/2024 11:05:05 PM
Lakes Online Forum
4,260 messages
Updated 3/24/2024 9:24:45 AM
Lakes Online Forum
2,976 messages
Updated 3/20/2024 11:53:43 PM
Lakes Online Forum
98 messages
Updated 4/15/2024 1:00:58 AM
Oak Mountain Lake Photo Gallery
    
Welcome, Guest Select View Mode: [ classic | beta | recent ]
Name:   LifeTime Laker The author of this post is registered as a member - Email Member
Subject:   it appraised a bit low
Date:   4/5/2007 10:41:25 AM

I personally don't think the appraisal is worth the paper and ink it took to print it, but not based on the valuation. If the 40 acres are deeded but the waterfront is APC lease I don't think they can be joined as one parcel. I would think that you would have legal issues. IMHO it should be appraised and sold seperately. The owner could mandate that BOTH must be purchased together, but as seperate sales.

I would be interested to see that appraisal. To compare off water to waterfront would require a HUGE adjustment, and any adjustment of more than 10% of value is surely not going to go thru the scrutiny of the underwriter without being questioned. It may be allowed, but would require tons of data to back up the appraisal/adjustment.

I would be interested to see what some of the lawyers that read the forum have to say. One hypothetical that comes to mind.... if they are sold as one and the owner defaults on the APC lease, does APC get the 40 acres too?
Other messages in this thread:View Entire Thread
40 acres, APC lease on Lake - HTMLman - 4/3/2007 8:05:49 PM
     40 acres, APC lease on Lake - au67 - 4/3/2007 8:59:08 PM
          40 acres, APC lease on Lake - HTMLman - 4/3/2007 9:03:10 PM
     Not for Me to Judge - Feb - 4/3/2007 9:13:52 PM
     Don't pick this realtor - John C - 4/3/2007 10:01:22 PM
          Don't pick this realtor - roswellric - 4/4/2007 8:50:36 AM
               I only recently heard of - Harborcon - 4/4/2007 9:49:52 AM
                    Zillow - John C - 4/4/2007 3:38:28 PM
                         Zillow - Harborcon - 4/4/2007 4:01:13 PM
                              A ? to Harborcon - John C - 4/4/2007 4:17:24 PM
                                   A ? to Harborcon - Harborcon - 4/4/2007 5:58:54 PM
                                        it appraised a bit low - HTMLman - 4/4/2007 8:36:28 PM
                                             it appraised a bit low - LifeTime Laker - 4/5/2007 10:41:25 AM
                                                  So just how far - Harborcon - 4/5/2007 11:05:09 AM
                                                       So just how far - LifeTime Laker - 4/5/2007 11:32:49 AM
                                                            Dunno about your beachfront - Harborcon - 4/5/2007 1:00:31 PM
                                                                 A couple of points.... - LifeTime Laker - 4/5/2007 3:48:50 PM
                                                                      Humble apologies to you - Harborcon - 4/5/2007 5:05:28 PM
                                                                           Humble apologies back at you - LifeTime Laker - 4/5/2007 5:34:51 PM
                                                                                I must admit that - Harborcon - 4/6/2007 11:04:58 AM
                                                                                     Nice Rant, I enjoyed it - LifeTime Laker - 4/6/2007 12:17:44 PM


Quick Links
Oak Mountain Lake News
Oak Mountain Lake Photos
Oak Mountain Lake Videos



About Us
Contact Us
Site Map
Search Site
Advertise With Us
   
OakMountain.LakesOnline.com
THE OAK MOUNTAIN LAKE WEBSITE

Copyright 2024, Lakes Online
Privacy    |    Legal