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About us
We are a full service Residential Real Estate Appraisal Firm. Servicing Washington DC and Montgomery County, MD. We complete appraisals for Mortgages, Relocation, Estates, Divorces, or for Litigation support.
Business highlights
39 years of experience
Services we offer
RESIDENTIAL REAL ESTATE APPRAISALS.
Accepted Payment Methods
- CreditCard
Reviews
1.01 Reviews
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Showing 1-1 of 1 reviews
MAIKO M.
Nov 2007
I felt he was dishonest. The story is as follows: The property I was purchasing was in a bad condition, and from the onset the lender and I were questioning whether it will meet the threshold for conventional loan. If not, I would go for hard money loan. The lender said he gave a strict instruction not to appraise the property if it was below lending condition, so that I would not spend money on the appraisal that I would not need. The appraiser went to the site, appraised and prepared a report with photos, which were not required. In the meantime, he asked me to pay over the internet. When the lender saw the report, the property was clearly below lending condition, so we had to change the strategy to switch from conventional loan to hard money loan. And the appraisal report was wasted. He should have just called the lender as he was instructed before appraising the property!
Response from FLANAGAN ASSOCIATES
"Unfortunately this member did not understand the process. I was engaged by the lender to complete an "AS IS" appraisal of the property. I received no instructions to simply "evaluate the condition of the property" I would not have accepted the assignment on that basis, because I am not a home inspector. As for the photos, industry guidelines (Fannie Mae & Freddie Mac) require the appraiser to take descriptive photos of any extraordinary or unusual conditions, which is what I did. To conceal these conditions by omission would have been illeagal and unethical. I am sorry that he did not understand the appraiser's role in the lending process."
Licensing
State Contractor License Requirements
All statements concerning insurance, licenses, and bonds are informational only, and are self-reported. Since insurance, licenses and bonds can expire and can be cancelled, homeowners should always check such information for themselves. To find more licensing information for your state, visit our Find Licensing Requirements page.
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FAQ
FLANAGAN ASSOCIATES is currently rated 1.0 overall out of 5.
FLANAGAN ASSOCIATES accepts the following forms of payment: CreditCard
No, FLANAGAN ASSOCIATES does not offer free project estimates.
No, FLANAGAN ASSOCIATES does not offer eco-friendly accreditations.
No, FLANAGAN ASSOCIATES does not offer a senior discount.
No, FLANAGAN ASSOCIATES does not offer emergency services.
No, FLANAGAN ASSOCIATES does not offer warranties.