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  #1  
Old 08-15-2007, 06:26 PM
Elizabeths Elizabeths is offline
 
Join Date: Aug 2007
State: California
Professional Status: Licensed Appraiser
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Default Can an appraisal be transfered to new client

I feel stupid for asking but I did an appraisal for a client 2 months ago and the lender went out of business. They want to use the appraisal to submit to a new lender. Can I change the name on the report if the old client releases it??? HELP. Loan officer is yelling!
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  #2  
Old 08-15-2007, 06:40 PM
Em Tee Em Tee is offline
 
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Location: Bay Area, California
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Nope! New client, new assignment, new fee (you decide what's appropriate), new, new, new. Let the loan officer scream all they want. LOL
  #3  
Old 08-15-2007, 06:46 PM
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Midwest Guy Midwest Guy is offline
 
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Location: St Charles
State: Missouri
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If he is yelling, give him the :new_321: ! If he wasn't so tight he would buy a new appraisal.

If you wish, a business decision can be to do a new assignment at a discounted fee. This guy believes you already owe him so collect COD! Today's date, not back then, new inspection.

You might want to watch your Caller ID for the next few days!



Quote:
Originally Posted by Elizabeths View Post
I feel stupid for asking but I did an appraisal for a client 2 months ago and the lender went out of business. They want to use the appraisal to submit to a new lender. Can I change the name on the report if the old client releases it??? HELP. Loan officer is yelling!
  #4  
Old 08-15-2007, 06:48 PM
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Mr Rex Mr Rex is offline
 
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State: North Carolina
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Elizabeths, You need to read AO-26, page 208 of the 2006 USPAP. Its that green book all appraisers keep within arms reach at all times and read it over and over until they find the happy ending.
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Old 08-15-2007, 06:54 PM
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Rice Brewer Rice Brewer is offline
 
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Location: Fayetteville & Fort Smith, AR
State: Arkansas
Professional Status: Certified Residential Appraiser
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Wait, there is a happy ending?????

Who knew?
  #6  
Old 08-15-2007, 06:57 PM
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Mr Rex Mr Rex is offline
 
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All good books and good dates have a happy ending.
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  #7  
Old 08-15-2007, 08:57 PM
Elizabeths Elizabeths is offline
 
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State: California
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Default Thanks for the reply!

Why do so many appraisers do it? I never have and thats why I've been so confused.
  #8  
Old 08-15-2007, 08:59 PM
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Joyce Potts Joyce Potts is offline
 
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State: Florida
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There is nothing more frustrating than trying to explain to an MB that there is not such thing as 'assigning' an appraisal and they tell you that every other appraiser does it.
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Old 08-16-2007, 12:30 AM
Alisa Alisa is offline
 
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Location: Huntsville, Texas
State: Texas
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If we believe everything the MB's tell us it would mean there are no
appraisers doing things correctly.
  #10  
Old 08-16-2007, 09:20 AM
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Lobo Fan Lobo Fan is offline
 
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Location: Rio Rancho, NM
State: New Mexico
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There are two standard answers from salespeople.

1. Everybody does it, what is wrong with you?
2. You are the only one I have ever heard of with that problem.

Yeah right. To most lenders, appraisers are just another obstacle to overcome.
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