- Miller Samuel Real Estate Appraisers & Consultants - http://ms.clash.outthinkgroup.com -

[Over Coffee] Morning Quote: Less Desirable

Here’s a recent situation with a national lender we rarely work with. One of my staff got the following request:

I got an addendum request from [bank] today. The borrower says they have better views then the comps used. Borrower says they don’t have to look at the “less desirable” neighbors, a housing project.

If I agree could I please make the appropriate adjustment.

Good grief.

Has this banker ever heard of Fair Housing [1]? You can’t make this stuff up.