- Report: #1500622
Complaint Review: Allen Appraisal Service owner Corbin S Allen - North Richland Hills Texas
Reported By:
Robert -
Richland Hills, Texas , United States
Submitted:
Updated:
-
Author Confirmed
Why?
Allen Appraisal Service owner Corbin S Allen
8429 Randy Drive North Richland Hills, 76182 Texas, United States
Phone:
817-360-6879
Web:
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Allen Appraisal Service, owner Corbin S Allen Corbin S Allen Allen Appraisal Service gave a dishonest appraisal for a large lot of land for his own personal financial gain. It’s also says online he is a real estate broker. North Richland Hills Texas
PLEASE HELP
To whom it may Concern,
I hired Allen Appraisal Service to appraise the local property I am purchasing. Corbin S Allen came to the house located in North Richland Hills Tx that sits on 1.25 acres of land with curb access on both ends of the property.
Apon appraising the property Mr Allen only gave 10k adjustment for the 1.25 acre lot. He claims the low adjustment for the land is due to the lot being to narrow which is his opinion, not a fact. Keep in mind an existing house is already sitting on the property and the other end of the property has curb access as well. The width of the property is over 90 feet and the length is 605 feet.
There is a lot located less than a mile from the purchasing property listed for 250k on .8 acres located at 4017 Scruggs dr in NRH and it has the same width over 90 feet as the purchasing property. Why is a smaller acreage selling for 250k and the purchasing property land only worth 10k, the purchasing property is bigger. I believe Mr. Allen is purposefully giving a low appraisal for his financial gain. The second property I am using to back this claim is located at 6600 Hovenkamp in Richland Hills, the vacant lot is .398 acres and is under contract for 65k. This property is also less than a mile from the purchasing property. The facts I have presented prove my case. No where in the city of NRH can you purchase 1.25acre lot for 10k. Also the TAD has the house appraised for more money than his appraisal of 140k for house and land. The TAD are always lower than actual value of the property too. I contacted Mr Allen by phone and he never returned my call. I texted messaged Mr Allen and he responded saying he could not speak with me, even though I paid for the appraisal and hired him. According to Texas law I have the right to speak with him since I hired him and am not using a realtor. I spoke with the lender and they further validated this claim. I want potential clients and employers to be aware of Mr Allen and the fact that he does not pay attention to detail and misleads customers on the home appraisal. Mr Allen is licensed with the state of Texas, this is his license # Tx1336844 R.
I’m am not a licensed appraiser but within 30 mins of my time found multiple vacant lots that could be used to estimate the value of the purchasing property.
I gave Mr Allen a fair opportunity to correct his mistake and his dishonesty. I always give people the fair chance to choose the higher road in life and be honest. Mr. Allen chose to do the opposite and ignore me.
Mr. Allen is going to destroy my house purchase deal because of his dishonesty. I have spent thousands of dollars and countless time getting this prepared all to be destroyed by this dishonest appraiser who is to cowardly to speak with me after I hired him for the appraisal. I plan on pursuing legal litigation as well if this matter can not be resolved quickly and if I lose my house deal due to Mr Allen’s dishonesty. Another fact to consider is in 2020 houses are built on zero lot lines with much smaller width on properties than mine, and for Mr Allen to give such a low appraisal for 1.25 acres of land in NRH when in fact he lives in NRH and is a resident, he knows property value and this why I believe also that he purposely gave a low appraisal for the land for his own personal gain. Mr Allen also gave comps for the purchasing property from houses located in Haltom city on smaller lots. Since Mr Allen is Nrh resident and appraiser, he knows that home values in Haltom city are much lower than NrH home values. This whole appraisal is fishy to me and I firmly believe Mr Allen is a dishonest appraiser, how many other home buyers has he cheated out of houses with low appraisals and told his investors about the properties. Please help, I am devastated by Mr Allen’s dishonesty. Thanks Robert
3 Updates & Rebuttals
Robert
Richland Hills,Texas,
United States
Finding of FACTS
#2Author of original report
Wed, October 07, 2020
Mr. Corbin Allen, I did research about you with the state of Texas, I received the report dating from 2011 in where you were disciplined for an appraisal report with much similarities as the mistakes you made with my appraisal. You did not appraise this property value correctly on purpose, if you did you should have your license revoked because your incompetent to appraise a house value accurately. All I read was a bunch of excuses from you in your response which tells me you will try to real estate shark another potential buyer.
You should be ashamed of your self. My lender contacted you and your response was the land was too narrow and had no value. We have presented supporting properties that could be used as comps for the land value. You absolutely reused because of your prideful agenda. You owe me an apology and you will be blessed if I don’t report you to the state.
Robert
Richland Hills,Texas,
United States
Finding Of FACTS
#3Author of original report
Wed, October 07, 2020
Mr. Corbin Allen, I did research about you with the state of Texas, I received the report dating from 2011 in where you were disciplined for an appraisal report with much similarities as the mistakes you made with my appraisal. You did not appraise this property value correctly on purpose, if you did you should have your license revoked because your incompetent to appraise a house value accurately. All I read was a bunch of excuses from you in your response which tells me you will try to real estate shark another potential buyer. You should be ashamed of your self.
My lender contacted you and your response was the land was too narrow and had no value. We have presented supporting properties that could be used as comps for the land value. You absolutely reused because of your prideful agenda. You owe me an apology and you will be blessed if I don’t report you to the state.
FloridaNative
West Palm Beach,Florida,
United States
Please check into your facts with the lender again
#4Consumer Comment
Tue, October 06, 2020
You have a fundamental error in your assumptions as stated in the complaint: You didn't hire the appraiser, the lender hired the appraiser. The appraiser works for the lender, not you.
Yes, you paid for the appraisal because that's what most lenders do - pass the appraisal cost onto the borrower. But you aren't the client. The client is the lender. The appraiser can speak with the client about the appraisal but can't speak to you about it. However, you can sent a request to your loan officer to have the appraisal reviewed in light of the comps you found to see if the value can be revised.
Each appraiser is different so you could have 3 different appraisers value the property and each of those appraisers can have a different value. Remember the appaisal is the appraisers professional OPINION OF VALUE. Like all professions, some appraisers are excellent and some are awful. Request another appraiser if you feel this appraiser is not competent for your type of appraisal or your geographic location. Yes, it will cost you another appraisal fee.
The appraiser doesn't get a financial benefit to appraising the property. The cost of the appraisal is independent of the value of the property and remains the same no matter the ultimate opinion of value determined by the appraiser.
Note: I have learned that if an Appraisal Management Co (AMC) was involved in the selection of the appraiser, you may end up with a less competant appraiser because the fee is substantially reduced to the appraiser (AMC grabs off a huge percentage). Since the fee the appraiser charges is substantially reduced, many of the experienced appraisers prefer not to work on appraisals that come through an AMC. If your lender only uses an AMC, you eliminate many, not all, experienced and competent appraisers. Check with your loan officer. If the loan officer doesn't know if there is an AMC involved, I would find another, decent lender. Not a big box bank but a non-bank lender that specializes in mortgages only.
The other thing you can do is negotiate with the seller to drop the sales contract price to the appraised value. This will keep you from overpaying for the property.
