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  #1  
Old 11-08-2009, 11:08 PM
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Metamorphic Metamorphic is online now
 
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Default Check 2 boxes Neighborhood and Housing Trend Section

Is there any reason you cant check 2 boxes in those sections? Like maybe you want to say a neighborhood is on the outskirts of a suburban area with some rural flavor, or that the market is declining but verging on stable?

I get tired of trying to figure out which box to put the wobblers in. Why not check both.
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Old 11-08-2009, 11:42 PM
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Quote:
Originally Posted by Metamorphic View Post
Is there any reason you cant check 2 boxes in those sections? Like maybe you want to say a neighborhood is on the outskirts of a suburban area with some rural flavor, or that the market is declining but verging on stable?

I get tired of trying to figure out which box to put the wobblers in. Why not check both.
The solution to your problem is called narrative discussion. Hard concept for some appraisers.
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  #3  
Old 11-08-2009, 11:47 PM
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Do you like to ask for stips?
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  #4  
Old 11-09-2009, 04:24 AM
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The training & scan products developed for Banks, do not read (2) checked boxes, chek one and move on. If you ever need to defend it, the software manufactuerrrr does not allow (2) boxes to be checked at the same time. A flaw in their system.

PS- the sytems are flawed
  #5  
Old 11-09-2009, 05:22 AM
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Quote:
Originally Posted by Metamorphic View Post
I get tired of trying to figure out which box to put the wobblers in. Why not check both.
How about check all three, you'll get at least 1 right, for example, if the market just came out of the decline, and prices are slightly increasing, then you'll want to have the decline box checked off as compared to last year the prices declined, but are similar to the pricing of last quarter, which indicates stability, and some of the under contract listings indicate a increase in value....

But then again, the term "declining" does not represend the past nor the future, but rather the present market condition.
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Last edited by Eli Weiss : 11-09-2009 at 05:36 AM.
  #6  
Old 11-09-2009, 06:02 AM
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Cool

Eli - "But then again, the term "declining" does not represend the past nor the future, but rather the present market condition"

can you send a copy of that to the appropriate Lending facilities..........I think they're confused
  #7  
Old 11-09-2009, 07:15 AM
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I think we need more boxes!

A good start would be "Stable to Declining" and "Declining to Stable"/

Have been told checking two boxes is a "no no". One underwriter said..."it has to be one or the other", so what is it? I replied..."it is what it is!" She didn't like that either.
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  #8  
Old 11-09-2009, 11:06 AM
Mike Boyd Mike Boyd is offline
 
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Check either one but with an asterick rather than an X. Then explain.
  #9  
Old 11-09-2009, 12:59 PM
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the software manufactuerrrr does not allow (2) boxes to be checked at the same time. A flaw in their system.



Try holding the "Ctrl" key down on the keyboard
  #10  
Old 11-09-2009, 01:17 PM
Denis DeSaix Denis DeSaix is online now
 
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Quote:
Originally Posted by Metamorphic View Post
Is there any reason you cant check 2 boxes in those sections? Like maybe you want to say a neighborhood is on the outskirts of a suburban area with some rural flavor, or that the market is declining but verging on stable?
Checking both boxes creates confusion (IMO) and the analysis is supposed to be communicated with clarity.
My process is to choose one box and then to explain how/why I define it as such (to the degree that is necessary to make the communication clear).
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