Real Estate Appraisal Forum

appraisersforum.com logo
The Premiere Online Community for Real Estate Appraisers!
 Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
 
 
Go Back   Appraisers Forum > Real Estate Appraisal Forums > General Appraisal Discussion
Register Help Our Rules Calendar Archives Mark Forums Read


Closed Thread
 
Thread Tools
  #1  
Old 12-28-2004, 11:21 PM
Laurie Norman Laurie Norman is offline
 
Join Date: Dec 2004
State: South Carolina
Professional Status: General Public
Posts: 436
Default

..........

Last edited by Laurie Norman : 01-23-2007 at 03:18 PM.
Sponsored Links

  #2  
Old 12-28-2004, 11:39 PM
JSmith43's Avatar
JSmith43 JSmith43 is offline
 
Join Date: May 2003
State: California
Professional Status: Certified General Appraiser
Posts: 15,362
Default

Scully, is that you? Yes, it's me, Mulder.

I'd rather bust terrorists posing as walleye fishermen up in the BWCA. But, I'd rather not start until spring :rofl:
  #3  
Old 12-29-2004, 06:11 AM
Pamela Crowley (Florida)'s Avatar
Pamela Crowley (Florida) Pamela Crowley (Florida) is offline
 
Join Date: Jan 2002
Location: Wherever We Are Parked
State: Florida
Professional Status: Retired Appraiser
Posts: 25,254
Default

Me too, Laurie. I'd rather be preparing to testify than dealing with the fallout BS with LOs & HOs of a lower than what we 'wanted' (demanded) value.
__________________
All that is necessary for the triumph of evil is that good men/women do nothing.
Fight Back!
  #4  
Old 12-29-2004, 07:21 AM
Ray Miller's Avatar
Ray Miller Ray Miller is offline
 
Join Date: Feb 2002
Location: Southwest Wisconsin
State: Wisconsin
Professional Status: Licensed Appraiser
Posts: 12,000
Default

Quote:
I'd rather bust terrorists posing as walleye fishermen up in the BWCA.

Got a job for you up in this area. The local paper out of the twin cities run a story a couple of weeks ago about different eating establishments from high end to the local fish fry bar having Walleye on the menu and charging an arm and a leg for it. When in fact they were selling some fish from Europe that sold at half the price of walleye at wholesale.

The reporter figured 50% of the fish sold as Walleye was fake.

Is over half the population crooks? It seems like it. No matter what business you are in.
  #5  
Old 12-29-2004, 08:24 AM
Karl Karl is offline
 
Join Date: Jan 2002
Location: Arizona City AZ
State: Arizona
Professional Status: Licensed Appraiser
Posts: 7,602
Default

In MY OPINION everyone that turns TRULY Fraudulant Appraisals into the Board, DA, Mortgage Bankers Association, Governors Coucil, Senators, Congresspersons.,

Is DOING Fraud Investigation work. Just not getting paid (in money) for it, (directly)

Befor going into this line of work BE SURE the Appraisal is TRULY FRAUD & NOT just an Error/Omission or something U may simply DISAGREE with.
  #6  
Old 12-29-2004, 08:51 AM
Ray Miller's Avatar
Ray Miller Ray Miller is offline
 
Join Date: Feb 2002
Location: Southwest Wisconsin
State: Wisconsin
Professional Status: Licensed Appraiser
Posts: 12,000
Default

Before going into this line of work. You might want to check with you E & O and General Lib. insurance company.

You would need to take a look at your fees as well. You will need to allow for a lot of court and prep time.

Not knowing you education level, you might want to have advance education like a Masters or Phd, MIA SRA level.

Then you need to find someone that will want your services. that a key, who do you market to.
  #7  
Old 12-29-2004, 08:55 AM
USPAP Compliant's Avatar
USPAP Compliant USPAP Compliant is offline
 
Join Date: Jan 2002
State: North Carolina
Professional Status: Certified Residential Appraiser
Posts: 8,868
Default

I have done quite a few reviews for the insurance compaines that insure mortgage loans. It seems that they do not have to pay off on defaulted loans if there was a fraudulent appraisal backing the loan.

These assignments are not taken with some predetermined notion that fruad has taken place......but that is very often the case.
  #8  
Old 12-29-2004, 09:46 AM
Laurie Norman Laurie Norman is offline
 
Join Date: Dec 2004
State: South Carolina
Professional Status: General Public
Posts: 436
Default

..........

Last edited by Laurie Norman : 01-23-2007 at 03:21 PM.
  #9  
Old 12-29-2004, 10:01 AM
JSmith43's Avatar
JSmith43 JSmith43 is offline
 
Join Date: May 2003
State: California
Professional Status: Certified General Appraiser
Posts: 15,362
Default

Laurie, I'm glad you got some serious replies. It's either FBI or the State appraisal board from the government end or MI companies, Fannie & Freddie, etc in the private sector. I don't think I'd take a homeowner on as a client :P

Pre-emptive investigations are probably not so common, but, I bet the fraud investigation business will spike when those losses start pouring in.......


Ray!!

Quote:
The reporter figured 50% of the fish sold as Walleye was fake.
That's unamerican!!!!!!! I want a job hunting down the fraudulent Walleye pushers. Hmmm. I have connections at the DNR......well, too late to go undercover.
  #10  
Old 12-29-2004, 12:30 PM
Restrain Restrain is offline
 
Join Date: Jan 2002
Location: Denton, Texas
State: Texas
Professional Status: Certified General Appraiser
Posts: 10,286
Default

We have begun doing this type of work beyond reviews for Freddie, et al. What you have to do is interest a private attorney in that there is sufficient dollars involved to go after the lender, appraiser, and so forth. If you have an active consumer division of the AG's office, you might work a deal with them to do their investigations if you can show that there is a pervasive problem in a certain area.

We are looking at manufactured homes, where they are sold at $120,000 but worth $60,000. Hundreds of foreclosed homes in our area.
Sponsored Links

Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump




Copyright © 2000-, AppraisersForum.com, All Rights Reserved
     Terms of Use  Privacy Policy
AppraisersForum.com is proudly hosted by the folks at AppraiserSites.com

Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
Partner Sites:
AppraiserUSA.com - National Appraiser Directory AllDomainsUSA.com - Domain Name Registration
DeadbeatListings.com - Deadbeat ListingsAppraiserSites.com - Web Hosting for the Professional Real Estate Appraiser
Find FHA Appraisers - FHA Appraiser Search Commercial Appraisers - Commercial Appraiser Search
Relocation Appraisal - Find Relocation Appraisers Domain Reseller - Business Opportunity
Home Security Buzz - Home Security Info Radon Testing - Radon Gas Info
My Medicare Forum - Medicare Info Stop Smoking Help - Help Quitting Smoking
CordlessPhoneStore.com - Great Cordless Phones AndroidTabletCity.com - Android Tablet Computers

Follow AppraisersForum.com:          Find us on Facebook            Follow us on Twitter


All times are GMT -5. The time now is 02:40 AM.

SiteMap: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93