Rocky Dickerson, Superior Service! (Realty One Group)

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Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

What makes you think it is fake? (send to me to look)

It is a notice that appraisal came in lower than agreed price which is common in 2021 due to fast increasing values.

You have two days to respond. You need a written list of comps closed in last 3 months with loans that are similar square footage, room count and lot size. Your lender may be the problem not a fake letter, lender doesn't know what it means... Appraisal RAC/management company communicates the Tidewater initiative letter from appraiser to borrower directly

Dec 28, 2021 10:13 AM
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA

I'm with Caroline Gerardo on this one.  What specifically appears "fake" in this case?  VA Tidewater's are definitely part of the VA appraisal experience when applicable.

Dec 28, 2021 10:21 AM
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

Tidewater is NOT fake!

Tidewater is invoked when the VA appraiser cannot find the contract value for the property. He/she will then reach out to the broker to help by providing the comps they used to valuate the property. It's the only instance where the appraiser can work directly with the brokers! 

Sometimes we can get the adjustments in there and support the price, and sometimes we can't.

Dec 28, 2021 12:08 PM
Doug Dawes
Keller Williams Evolution - 447 Boston Street Topsfield, MA - Georgetown, MA
Your Personal Realtor®

What does the VA lender have to say?

Dec 28, 2021 11:19 AM
Kathleen Daniels, Probate & Trust Estate Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I have not.  Rarely if ever these days do I work with buyers. 

I have not worked with a VA buyer in over 10 years. 

Dec 28, 2021 10:22 AM
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Carolina Life RealEstate & Relocation 919-602-8489

I would think the lender would be the one to get it, not the buyer. 

Dec 28, 2021 10:11 AM
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

 What would a forger hope to gain from this?


   Does the letter name a Point of Contact?  Are they demanding comps to support the value/contract price?   Is there any request for money or additional funding?


Dec 28, 2021 10:15 AM
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Not yet. Research and Verify.

Dec 28, 2021 10:14 AM
Karen Climer
Demetree School of Real Estate - Orlando, FL
Teaching people to pass the real estate exam

If it looks like a scam and smells like a scam, then it probably is.  But how did you determine that it's fake.

Dec 28, 2021 10:06 AM
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

The market is so healthy why fake anything? On the lender, what is their business model fake or real? Plus, I have known lenders to send out a second appraisal especially if disputed

Dec 28, 2021 10:01 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Lender is thinking this may be some sort of scam.

Dec 28, 2021 09:52 AM
Anna Banana Kruchten Phoenix Broker
HomeSmart Real Estate - Phoenix, AZ

Sounds like a scam to me but honestly I haven't been involved in a VA loan for quite some time.  Plenty of good lenders on AR that will have ideas as I've read a few already.  Good luck on this Rocky.

Dec 28, 2021 03:52 PM
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

Check with the lender and/or appraiser directly.  I've had appraisers reach out to me for comps. 

Dec 28, 2021 12:53 PM
John Juarez
The Medford Real Estate Team - Fremont, CA

Similar to Kathleen Daniels, Probate & Trust Specialist, I run into VERY few VA transactions. In our market, conventional buyers are able to provide more attractive offers. In over 20 years, I have never represented a VA buyer and only one seller whose buyer used a VA loan.

Dec 29, 2021 07:45 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I have had a few VA appraisals call Tidewater, especially since our values are so high, and buyers are paying way over fair market value.    Why would you think it is fake?

Dec 29, 2021 04:56 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Can't say I've come across any fake Tidewater letters. I know a house in a neighborhood where I've got a home closing got one of those. They priced it crazy high and sold it quickly... but VA appraiser is not supporting that price. The listing agent called me to ask what my house sold for... I basically told her our sale price was market value and would not help support her listing's price.

Recently I had a Tidewater letter for a buyer purchase... the difference was only $5,000 on a $400,000+ sale. We knew when we made the offer we were probably $5,000 over market value and told the seller we would eat the difference if it didn't appraise up to $5,000.

Dec 29, 2021 04:50 AM
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

WOW! A fake one? I would check with the lender - they would know. How crazy would that be if it is fake, Rocky?!

Dec 28, 2021 06:23 PM
Roy Kelley
Retired - Gaithersburg, MD

Good luck.

Dec 28, 2021 01:13 PM
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Never heard the letter referred to as Tidewater. Seems like not a bad thing as Candice says. Brokers can help with comps.

Dec 28, 2021 01:03 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

.Have never run into this issue but have only worked with a handful of VA buyers. Interesting situation and conversation

Dec 29, 2021 02:39 PM