tag:blogger.com,1999:blog-5900836.post116162554276971321..comments2023-12-27T04:35:56.539-06:00Comments on Michael Homan: Road Home MathMichael Homanhttp://www.blogger.com/profile/18181447899898714157noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-5900836.post-1163340921567589262006-11-12T08:15:00.000-06:002006-11-12T08:15:00.000-06:00Michael, All of the 5 letters that my contacts hav...Michael, All of the 5 letters that my contacts have recieved have had mistakes on the insurance part and the pre-storm value part. Essentially, they are MOSTLY wrong. I think Road Home has made a temporary mess with these letters possibly sent out under pressure of 10k letters needing to be sent out by the end of the month. Now what is happening is that people will be scrambling to pay for Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5900836.post-1161660353106627472006-10-23T22:25:00.000-05:002006-10-23T22:25:00.000-05:00My understanding of the policy is that a post-K ap...My understanding of the policy is that a post-K appraisal is not acceptable. On the other hand if you have a pre-K appraisal the lending document should do, since they were all based on an appraisal. They should then apply appreciation to your value.<BR/><BR/>I'm at a loss to understand how they arrived at your pre-K value.mominemhttps://www.blogger.com/profile/13517025007146886987noreply@blogger.comtag:blogger.com,1999:blog-5900836.post-1161657968506423512006-10-23T21:46:00.000-05:002006-10-23T21:46:00.000-05:00Michael, Did you e mail Sam?Michael, Did you e mail Sam?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5900836.post-1161651335825714672006-10-23T19:55:00.000-05:002006-10-23T19:55:00.000-05:00Michael,I think you should spend $250-$350 for a p...Michael,<BR/>I think you should spend $250-$350 for a professional apprasial of your house by sales comparisions for both 8/27/05 and present. I understand the road home will accept your appraisal but of course you should check. It could make a big difference. My property value almost tripled between 1996 and 2005 from $55 to $152 a square foot. if a comparably renovated house sold in your Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5900836.post-1161640347877636882006-10-23T16:52:00.000-05:002006-10-23T16:52:00.000-05:00I'm glad it was apparently just a typo.My understa...I'm glad it was apparently just a typo.<BR/><BR/>My understanding of the prograam, which is tenious at best is that you can collect up to $150,000 in uncompensated structure damage, regardless of how much you house is worth, of course if you house is worth less that $150K you can hardley have more that $150K in damage.<BR/><BR/>In theory a person with a million dollar house who didn't have excessmominemhttps://www.blogger.com/profile/13517025007146886987noreply@blogger.com