Class Valuations I give it one star because there are no less, instead there should be a big WARNING ⛔️ SIGN DO NOT USE THIS COMPANY EVER! I had 2 appraisals done at the lender’s request. The 1st was done by FHA GUIDELINES, the appraiser took nearly two hours and did excellent work, the appraisal came for $605,000. The second appraisal also from Class Valuations (FHA is investing this practice since the 2nd appraisal should be done by a different appraiser & AMC) he took less than 40 minutes and valued my property at $540,000 $65,000 less than appraisal #1.He used comparables houses deemed unsafe due to fire and another, vacant and in distress. My house is in optimal condition. His appraisal also had errors, omissions, false statements and brought an unlicensed assistant which is a violation with the DBPR. Class Valuations should have seen the RED FLAGS since BOTH appraisers work for them… but chose to do nothing. This was for a Reverse Mortgage and they thought the elderly individual won’t fight. I requested a third appraisal and was told it wasn’t allowed by FHA, totally FALSE! I have filed complaints with several agencies including and not limited to FHA. Class Valuations seem to lowball appraisals, an investigation is in order! Interesting finding: Class Valuations is owned by GRIDIRON CAPITAL.
Claim your business profile now and gain access to all features and respond to customer reviews.
Class Appraisal, Inc. is a nationwide Appraisal Management Company located in Birmingham, Michigan. The company has earned a reputation for delivering outstanding customer service to some of the nation’s largest lenders and are ranked top AMC by the nat...