- Report: #1020004
Complaint Review: TSI Appraisals, Quicken Loans
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| TSI Appraisals, Quicken Loans 1450 W.Long Lake Road Suite 400
Troy, Michigan United States of America |
|
TSI Appraisals, Quicken Loans Wade MIchael Koutnik Refinance Appraisal Errors Troy, Michigan
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I used Quicken Loans to secure the refinancing and they used TSI as the appraisal company which cost me $500. Quicken turned down my loan due to "low Appraised Value". I then went with Greenlight Financial Services an started the whole process over again. Greenlight used Strickland Real estate Appraisal Services.
TSI appraised my property at $400k while Strickland apraised it at $440K using the same comps in the area. TSI not only valued the comps at lower values but also used the wrong square footage for my property. I was present at both appraisals and watch how they were done. TSI spent all of 10 minutes at the property while Strickland took over 45 minutes.
I requested a refund from Quicken for the $500,00 that they denied saying they have no control over the appraisal process. Both Quicken and TSI should not be used!
This report was posted on Ripoff Report on 02/25/2013 12:31 PM and is a permanent record located here: http://www.ripoffreport.com/r/TSI-Appraisals-Quicken-Loans/Troy-Michigan-48098/TSI-Appraisals-Quicken-Loans-Wade-MIchael-Koutnik-Refinance-Appraisal-Errors-Troy-Michig-1020004. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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