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January 11th, 2005

Complaint / Real Estate Appraiser

Filed against James T Voss

 

Board of Real Estate Appraisers
1900 Grant St, #600
Denver, CO  80203
Attn:  Enforcement

This is a complaint filed against appraiser James T. Voss, Colorado license number AL40027232.

Subject Property:  2300 S Espana St, Aurora, CO  80013, effective date of the appraisal 8/7/04.

A summary of the major issues:

1)        Neighborhood boundaries are wrong.  The subject property is not within the given neighborhood boundaries.

2)         Predominant $ value in the neighborhood is overstated

3)         The report is misleading on the prevalence of seller concessions and their impact on the market.

4)         $34,000 seller concession missed on comp #2

5)         The appraisal incorrectly states that the subject has a covered porch.

6)          Appraised value is $12,000 too high.

7)         Improper and inadequate analysis and disclosure of the sales contract.

Enclosed is a copy of my Field Review which is provided as support for this complaint.

 

Philip G Rice
11268 E Linvale Dr
Aurora, CO 80014
720-282-3376
phil.rice@comcast.net
 

re: 4092

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