Quote:
Originally Posted by 784caroline
I was helping someone move to the Villages at they were about to buy a resale listed by the The Villages. My friend was checking out loan information and The Vilages real estate people were really piushing for her to use The Citizens bank IF they wanted to meet a specific closing date. In short the lady decided to go with USAA (she had a pre-approval and rates were comparable)and all was going well until the appraisal came in on the resale property...it was $10-15K less than what the agreed to price was. The lady ended up backing out of the contract and buying something else...BUT I can almmost guarantee you that if her bank were Citizens Bank...the appraisal would have come in at selling price and the contract would have gone forward and my friend would have been out probably a minimum of $10K. Logistically Citizens will ALWAYS make it work, and they are very friendly people to work with, but the question is do they always have YOUR best interest in mind!!
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Citizens originates and sells in national markets that require independent appraisals . I find it highly unlikely that they would influence the outcome of the appraisal, especially in the case of a resale.It would be helpful if you can provide some facts to back up your rather serious accusation.Whether any business venture has it's customers best interest in mind is a totally different question.(Disclaimer) I was a community banker for more than 40 years dealing with 1000's of mortgage transactions .I do not have any relationship to the Developer or any of their business ventures.