STANHOPE GROUP

TWO APPRAISERS PRESENTED. ONE OLDER MALE AND ONE MIDDLE-AGED FEMALE. MY PROPERTY IS TAX ASSESSED FOR THE TOWN AT ABOUT $143, 000 (rural area, slow market). I PURCHASED THIS BANK-OWNED HOME IN 2009 FOR $132,900 AND IT WAS APPRAISED AT THAT TIME FOR ABOUT $148,000. THE PROPERTY, WHEN BUILT IN 2004, SOLD FOR ABOUT $194,000. OUR HOUSE IS A MODEST AND HOMEY 2 BEDROOM RANCH IN AN EXCELLENT NEIGHBORHOOD. I HAD PRELIMINARY APPROVAL FROM NEW DAY USA FOR A $156,000 HOME EQUITY LOAN. i WAS GOING TO PUT THE DIVIDENDS OF THE LOAN TO PAY-OFF CREDIT CARD DEBT AND A SIGNITURE LOAN WITH THE REST GOING TOWARDS THE HOUSE ... PAVED DRIVEWAY, INTERIOR PAINTING AND 1,100 SQUARE FEET OF NEW CARPETING OR HARDWOOD FLOORING. AGENDA: WHEN THE MIDDLE-AGED FEMALE APPRAISER MET MY WIFE HER DEMEANOR AND AFFECT CHANGED INSTANTLY. MY WIFE IS AN EXOTIC LOOKING ASIAN BEAUTY. THOUGH I AM 56 AND SHE IS 36 SHE LOOKS LIKE A COLLEGE SOPHOMORE; AND I AM SUBJECTED TO GLARING LOOKS AND COMMENTS FOR ME TO OVERHEAR. I ADAMANTLY INSIST THAT A DOWNWARD APPRAISAL WAS MADE BECAUSE OF THE FEMALE APPRAISERS DISAPPROVAL. HOMES.COM APPRAISED MY PROPERTY, AS OF FEBRUARY, 2014, AT $146,400. THE TOWN TAX ASSESSOR HAS US AT ABOUT 143,000. THE STANHOPE GROUP APPRAISED THE PROPERTY AT $112,000! A $30,000 DISCREPANCY! IT PULLED THE RUG RIGHT OUT FROM UNDER THE HOME EQUITY LOAN. M.S.D.