Correct me if I'm wrong:

Manufactured = mobile (wheels attached)

Modular, aka Manufactured just to screw things up = stick-built

When you take the wheels of a mobile home and set it on a permanent foundation then it's comparable to a stick-built, no?

No. A "Mobile" has its own Chassis and arrives with axles attached. It also has a UCC Plate attached and is conveyed via a Bill of Sale.

A "Modular" has no Chassis, and arrives on a Flatbed. It is not subject to UCC and is conveyed by Deed.

Unfortunatley, the term "Manufactured" could be applied to both.

^^ I learn something new everyday - thanks Vermie

"Stick-Built Off-Site"

Now that's some creative agent-speak. I'm gonna tuck that one in my arsenal right alongside "step saver kitchen."

E-mail from the mill today.......

Good Morning!

The above CMA was rejected by the bank for the following reason:

-"No MLS provided. The agent failed to indicate the subject's current listing. Also, the current BPO quick sale value is suggesting a 27.58% drop in value over 4 months, which is not reasonable. The BPO data lends support for a higher value. Please have the agent include the subject's listing sheet and reconsider value. Thanks."


Could you please provide the MLS and address the client’s other concerns. I’ll put this back on the site for your review.

Thanks and Have a Great Day!!




My response........





Hello:

I went ahead and attached the MLS listing of when this home was on the market back in 2007. This property does not have any MLS history since that expired listing. I reject the bank's reject of my quick sale value being a 27.58% drop of value. If they had bothered to read my comments, they would see that my quick sale value is 80% of my 90 day value. Ninety day value was determined by weighing all three sold comparables equally after factoring described adjustments, which your QC department had already approved of. With the current oversupply of homes for sale in this area in conjunction with extremely low buyer demand, that is reasonable. I have resubmitted this BPO without any further revisions. Simply put, it is what it is.

The moral of all this?

1) If the subject had been listed, I would have attached the MLS sheet.

2) Please read my comments and value conclusions before criticizing my report.

3) In sum, I rejected the bank's reject.

Brad

"and your check is in the mail"............lol

Replace list and sold comp one please they do not support subject value.

If you bothered to read my comments, I explained why they were inferior.

This one isn't stupid so much as just painful to read due to the terrible grammar, but that is what we get when they hire people who don't speak English as their primary language. Enjoy:

"Please provide the comps which is within the subject gla and the Value to be bracketed the subject, I have suggested to you few comps please review and check if these comps are suitable for the subject for List comps there are 4 comps and for the sold comp 3 provide to you."

I need a glass of wine after reading that.

Try communicating back with this:

I would be liking you to very much be looking to comment area to see that these would be to have been answered with what said by I before we would be submitted to the people at where you are.

Or bring their comments to the local convenience store for translation.

Jack, I didn't know you spoke Hindi. You much learn very fast.

QC questioned why I used comps that were not closer in living area square footage to the subject. When I told her they fell within the industry standards her reply was, "...what standards? I have never heard of any standards and have never had an agent mention standards."

One of these days I'm going to find all these QC people that give the rest of us bad name and have a long talk with them *sigh*

J~

I'm sure you won't have to look too far

No really QC related but:
Get an interior order overnight on Monday states house has been rekeyed to key code XXXXX and gives about six or seven lockbox codes.. Get to property, no lockbox. Call mill - they say call the contact (that is 40 minutes away) to get key. Re/Max agent get VM as usual.

Tuesday overnight get an email that states now call Safeguard to see if it's rekeyed and I "jumped the gun" by going to the property. Call Safeguard, they tell me they received the rekey order on Tuesday and it was rekeyed on Wednesday morning.

Late Wednesday, the contact finally calls back to tell me it's rekeyed (very prompt on his part)

Couldn't get an answer as to why the order was sent out in the first place with incorrect instructions, but have a series of emails from mill employee basically telling me it's my fault. This must be someone promoted from QC.