Aftermath of the Flood
Posted on | May 13, 2010 | No Comments
It’s been a few weeks since I have posted anything. I was out of town and returned the day before the rain came and the ensuing flood. It has been a mess but I have seen so many people volunteer and help that it has also been a testament to the people of the State of Tennessee. We really do live in a place where the fact that we might not know each other makes no difference in the kindness that is shown in time and treasure.
As a mortgage loan officer, I have received several calls in regard to the appraisal process of the homes that have not closed yet but have already received an appraisal before the flood. Most lenders that I have discussed this with are doing the same thing that Superior Bank is doing, which is getting an appraiser out to re-certify the property. It will cost an extra $100 to $300 to have that done but it is something the lender and the buyers are requesting. So far, all of our properties have been okay. That is not to say that there aren’t some problems and issues in and around the state. Those will need to be worked those out on a case by case basis. Unfortunately, that’s all we can do right now.
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