Texas Real Estate Commission

DRealtor non disclosures, Inspector forgery, Realtor purchasing reports and inspections in my name with no authorization, shoddy investigation performed my Lead investigator MR. Minton, Directors Molloy and Bucholtz not returning calls, nor emails!

Aimee Cooper moonlighting at the Texas Realty Partners but nobody doing anything to make these wrongs right!

Texas tax dollars wasted to protect licensed professionals! Total disgrace!

One year since my complaint about an inspector. Nothing, absolutely nothing done.

They told me it would be about 30 days to review. Nope.

Don't Be a Victim of Mortgage, Lending and Appraisal Fraud

I have been encouraged to bring awareness to homebuyers across the country that may still be vulnerable to predatory appraisal and lending practices.

My objective is to have a broadcast and print draft sent to all the major TV, Newspaper and Media outlets so that they too may independently bring attention to the citizens within their scope of influence.

As this problematic situation hits a silent representation on the market, we are hoping to provide some sort of measuring device to account for the depth of this problem in each state. This is where the media comes in.

If legislation was suggested in every state that made it a REQUIRED OPTION in the mortgage contract for the buyer to either accept or decline the $275 Appraisal Review in the interest of helping them protect their investment and their family’s economic future then this same document could also be utilized to possibly reduce the homeowner’s city taxes.

If the $275 Appraisal Review is rolled into a 15 year mortgage contract, that would translate to an additional consumer expense of $1.53 per month. Situation is solved!!! A 30 year mortgage would cost the consumer a whopping .76 per month!!!!

This policy would also provide the appraisal industry and professionals with greater checks and balances and put more money in the appraisal industries pockets to put food on their family’s tables due to an increase in consumer demand for appraisal services.

However, the major benefit here it to provide both the borrower AND the lenders confidence in the collateral they signed on for the next 15-30 years of their lives.

State legislative bodies meet at different times in different states. The Texas Legislature is not set to meet again until 2017.

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Here is the "Joe Blue Collar" version of my events:

A SOLUTION IS A HAND!!!! My name is CHRISTOPHER BRUNING, and I am a recent victim of Texas residential appraisal, mortgage and lending fraud but I have a solution for you and your family! My hope is to help others in any way possible before I attempt to move past this incredibly devastating economic hardship that will last for the rest of the years that I am able to work and provide for a family.

Today I had a long visit with the Texas Governor’s office and one of the suggestions I came up with for his consideration would to implement a policy that has just the right amount of safeguard in it to prevent the predatory practices that happened to me.

ALL a new home buyer has to do is conduct an “Appraisal Review” on the property before the two year Statute of Limitations expires.

The solution is a win-win for everyone involved. In the letter below I emphasize the fact that if a new home buyer gets a simple and CHEAP “Appraisal Review” for their property inside the two years after they purchase the home it will save them from the financial damage that happened to me?

Well….What if legislation was suggested that went into the sales contract/mortgage that made it a REQUIRED OPTION for the buyer to either accept or decline the $275 Appraisal Review to help protect themselves & possibly reduce their city taxes.

If the $275 Appraisal Review is rolled into a 15 year mortgage that would translate to a consumer expense of an additional $1.53 per month. Situation is solved!!! A 30 year mortgage would cost the consumer a whopping .76 per month!!!!

As I have never had the need to reach out to a government body, media outlet or consumer advocacy group in the past, I appreciate your patience and guidance on how to maneuver through the various networking channels and individuals that might be able to help bring this consumer rights issues to the forefront of the appropriate parties.

Again, my honest and pure intent is to reach out to as many legislative members, media outlets and consumer advocacy groups that have the ability to protect buyers from predatory consumer financed mortgage appraisals and lending transactions that 99% of new home buyers would NEVER discover before their consumer right expire after only two years of being in their new home.

Can you help with the storyline below or perhaps refer me to an individual in a specific reporter, committee member or consumer advocacy group that would be interested in protecting home owners from predatory appraisal and lending practices that still destroy families with economic hardship across all states in the US?

TEXAS and US HOMEBUYERS BEWARE!

You’ve just bought the perfect house. The sale went smoothly and you’re ready to live happily ever after right? Maybe not! “Functional obsolescence” and “diminished site utility” could rear their ugly heads. Never heard of them? Neither had I.

If you recently bought a home in Texas, or anywhere in the country for that matter, and you use the Homestead Act for tax relief, DO NOT let two years pass before you obtain an “Appraisal Review” on your property. I made this mistake and it has cost me dearly.

My story is unbelievable but true. Ten years ago I bought a three bedroom house on two + acres in Dallas and unbeknownst to me, my loan approval was based on a faulty appraisal. I found out three years later when I tried to sell my house and discovered that the appraiser had not only overvalued my property by $85,000 but also put me in a position where I cannot sell my home as a three bedroom because one of the rooms is an addition with no access to bathroom facilities except through another bedroom. This condition is called “functional obsolescence” and was cause to significantly de-value the appraisal value. Also, part of my two acres is wooded and eroded and should have been devalued as “diminished site utility” at the time of the initial purchase. None of this information was disclosed to me at that time, but I will have to divulge it if/when I sell my house.

At that point, I paid for a retro appraisal review which revealed multiple failures by the original appraiser to meet standards set by the state’s appraisal board. So instead of a $300,000, three bedroom house, I have a $138, 000, two bedroom house. I was denied a jury trial against the appraiser because the statute of limitations had expired and I wasn’t considered a ‘client’ though I was listed as “client/borrower” multiple times on the appraisal form. Despite $150,000 in legal fees, I was denied review by the Texas Supreme Court because I “should have known” that the appraiser overvalued my house, despite the fact that the appraisal is required by the lender for loan assessment and approval, the appraisal was not meant to establish value. The lender even documented that the appraisal was faulty and if the discrepancy were any larger, it would have warranted a second appraisal. The lender authorized the loan anyway and I not only took the financial hit on a toxic mortgage and but was also assessed the appraiser’s court costs!

Home buyers need to be aware that there are unethical appraisers and lenders who victimize Homesteaders by gambling that you won’t discover negligence or malfeasance until after they’re hidden behind the two year statute of limitations. Get an appraisal review of your property before purchase and/ or within the first two years of your home acquisition to avoid this problem. If you do not take this advice now, then no state legislative, judicial or regulatory agency will come to your aid after the damage is done

A judicial court precedent is required in each state to force these agencies to follow the rule of law. I had my chance and the legal system let me down. If you find that fraud or negligence has been committed on your appraisal and/or lending documents, don’t assume that any state or federal agency will enforce ethics on their members or help you get recompense for your loss. My complaint was noted and summarily dismissed. Don’t be intimidated by the act of getting a simple “Appraisal Review” on your property. It’s easy to do, inexpensive, AND the report can be used as support for a city audit to lower your yearly taxes. It’s a simple safeguard against a potentially catastrophic situation.

Re: Complaint: Douglas Oldmixon, Texas Appraisal & Licensing Board & Texas Real Estate Commission

My name is CHRISTOPHER BRUNING, and I am a recent victim of Texas residential appraisal, mortgage and lending fraud.

After repeated attempts to collaborate with both state and federal compliance agencies to address the predatory appraisal practices of the Texas Appraisal & Licensing Board, I am filing a formal letter of inquiry and complaint regarding the flagrant, open, unbridled, unsanctioned and negligent misrepresentation of the TREC & TALCB agencies that are charged with safeguarding with following federal and state mandates to safeguard home owners.

The Douglas Oldmixon, TREC & TALCB are complicit in acts of moral turpitude by their lack of USPAP federal guideline enforcement that are within the scope of influence and this tax payer funded state agency.

I have attempted to bring transparency to the injustices committed from the TREC & TALCB state enforcement agency that fails to discipline violators of the USPAP federal and state guidelines and I have been met with nothing but open defiance and deniability. Either the state agency that I have reached out to for assistance has stated that their Non-Disciplinary measures are within state guidelines or the agency denies culpability and responsibility for the licensed associates in their organization.

The TREC & TALCB employ extensive measures to inform consumers of the “value” of employing an appraiser and the guidelines that must be followed when purchasing a residential property. The federally established Appraisal Subcommittee is charged with overseeing state compliance. According to law:

“Federal law dictates that in real estate loans of $250,000 or more, a lender must use an appraiser to determine the value of a home. That’s because an appraiser provides the most thoughtful opinion of value based on thorough and unbiased research that reflects the fair market value of a property. An appraiser is trained to assess a wide range of factors that affect a home’s value, including its size, location, condition, age, quality, and more. Appraisers assess these factors in relation to recent sales of comparable properties to arrive at an opinion of value.”

An individual that purchases a property and engages the Homestead Act for tax relief is not the profile of a home buyer that would intentionally sell their residential property after only two years. This effectively allows the appraisal predator to hide “undiscoverable” damages until well after the unsuspecting homesteader discovers the damage when the two year statute of limitations expires. Following a judicial state ruling does not negate the act of negligence itself, and by not enforcing a proper level of care upon the licensed state agents Douglas Oldmixon, TREC & TALCB become liable for the very erosion in confidence and integrity the organization represents.

On a national level, The Appraisal Subcommittee does not support negligent appraisers that hide behind contract of duty and the statute of limitations. However it is essential to provide this board with transparency when it comes to USPAP violation complaints by TREC, the TALCB. Non-Disciplinary action with enforcement that results in less than what a moving violation on a US Highway would cost an offender of state laws is questionable at the very least. Douglas Oldmixon, TREC & the TALCB organization authorizes millions of dollars to be stolen over time from unsuspecting homesteaders and violators in this agency receive mentoring and a Non-Disciplinary letter in the mail. The attitude that runs rampant throughout the appraisal industry is a Webster definition of an example of a lack of moral turpitude.

As I have received nothing but dismissive responses to my repeated inquiries it is my civic duty to bring the open and flagrant violations of the TALCB & TREC agency as well as the performance of Executive Director Douglas Oldmixon to the attention of every state, federal, executive, legislative and judicial branches until someone takes immediate intervention to stop these predatory violations of constitutional and consumer rights here in Texas.

Respectfully,

Christopher David Bruning

The TRC is a fox in the henhouse. I waited nearly 2 years for a decision on a complaint of underhanded dealings in a joint-ownership property. Ms.Della Lindquist, "temporary head" of this commission, upon hearing my dismay, offered to give my complaint to yet "another attorney" at the commission.

Another attorney?

What happened to real people instead of real-estate people? This agency is heavily weighted toward a dubious set of characters.

I was forced to sell at a very unfortunate time. No help, no reprimands, no dividends.Ten more words are now required. Thanks for listening today.....