FAQ's:

1. How do I obtain a reputable appraiser?
2. What can I do if I'm not happy with an appraisal?
3. How much does an appraisal cost?
4. Who do I contact for advice on avoiding foreclosure?
5. How do I know if a property is a meth damaged property?

 

How do I obtain a reputable appraiser?

On this web site, under County Listing of Licensees , there is a listing of licensed and certified appraisers who are eligible to appraise in Tennessee. If there is a loan involved, the lending institution must be the one who hires the appraiser. For personal services such as estates, divorces, etc., you should inquire as to the appraisers education and experience and their competency in performing an appraisal on your type of property.

What can I do if I'm not happy with an appraisal?

If there is a loan involved, the lending institutiion is the appraiser's client. Any concerns may be brought to the lender's attention. If there are flagrant errors in the report, you may file a complaint with the Commission by completing a complaint form, providing a copy of the report and pointing out any discrepancies.

How much does an appraisal cost?

This is not regulated by this Commission. The cost depends upon the type of property and will vary in different areas of the state and country.  Usually within an area, the costs do not vary greatly. With a few phone calls to different appraisers, you should be able to determine a reasonable cost.

Who do I contact for advice on avoiding foreclosure?

This is not regulated by this Commission.  You may wish to contact the Department of Housing and Urban Development (HUD/FHA) for guidance with this matter.  You can view their website at: www.hud.gov then click on the "Avoid Foreclosure" link under the section "At Your Service".  You can also call them at 1-800-CALL-FHA (1-800-225-5342). To find out more about HUD-approved housing counseling agencies and their services, please visit: www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm

Fannie Mae also recently announced a program called HomeSaver Advance which is a mortgage workout option designed to help delinquent borrowers.  Fannie Mae can be contacted for more information at: 1-800-732-6643 or www.fanniemae.com.

You may also call the Homeownership Preservation Foundation at 1-888-995-HOPE to talk with an experienced counselor or visit the Foundation website at www.995hope.org.

The Tennessee Development Agency may have additional resources for consumer use at: http://www.thda.org/foreclosure.html  General Information 615-815-2200 -- Toll Free Message Line 800-228-THDA -- TTY Line 615-532-2894

How do I know if a property is a meth damaged property?

A listing of properties where arrests occurred or labs were found is available on from the Tennessee Department of Environment and Conservation at: http://tennessee.gov/environment/dor/pdf/quarantined.pdf

A Meth Offender Registery is available on the Tennessee Bureau of Investigation website at: www.tbi.state.tn