Independent Appraisers GSE/Cuomo Proposal 3/19/08

[TN Pro]

The appraisers who contributed, were they approached, or did they volunteer.

 

[Queen City Gurl]

Fabulous ! A wonderful job. Thank you all, for all your time and efforts. I will be sure to still send out my two cents to all the links provided. This is the biggest attempt, and most exposure that I have ever been aware of.......

I feel kind of light hearted !!! Lets think positively ! Perhaps this time, the needed changes will be made ! It's the best exposure that has ever taken place. Everyone still has the chance for their input....

Thanks again !!

 

[Non Sequitur]

A proposal is a proposal.

I agree but proposals need willing parties. What happens if it's rejected?

http://www.youtube.com/watch?v=Ac3AzaDohd0&NR=1

 

[Terry McCulloch]

I have read, reviewed and signed. Where do I email it to?

Ready to send but to who? where?

 

[Ion Caza]

Congratulations!!!

Same question, already signed, where to send?

 

[Queen City Gurl]

In the event that it is rejected, I think a good back up plan is to comprise a list of minimum changes to submit, that we deem necessary, in order to make at least the most minimal of changes, that would be needed to assure to some extent, reliable, impartial valuations.

If they are not ready to accept revamping a good part of the system, then at least we can recommend a number of specific changes, that would have some affect in correcting some of the systems most inadequate operations.

Obviously, appraisal ordering is one of them.... we have all thrown in our two cents in, in regards to specific changes, that are smaller then revamping the whole system.

One of the ones I had mentioned is that in the 7-8 years since lenders have been allowed to add to our 3rd party fee, it had enabled them to make quite a profit off our fees. With this situation, there will never be an incentive in the short run, to move away from the cheapest possible appraisal fee, and thus, perhaps in an inadequate appraisal, if it is such a profit center for them. IMO, this is huge ! As long as legislation allows them to do this, they will always seek the cheapest appraisal, and nothing will change. We need legislature that goes back to handling it as an absolute 3rd party fee, just like the others..

Just as example of my input..... but perhaps we should comprise a secondary proposal of such recommendations, that on a smaller scale, could still indoctrinate some very important changes, just in case they do not accept the proposal in it's entirety.

 

[PropertyEconomics]

b. Senior IVPI Reviewer may dismiss the complaint, issue a warning, or escalate to a formal hearing governed by the standards of due process.​

A formal hearing by whom? Is IVPI to be a governmental agency or an independent entity? IVPI will have power of DUE PROCESS??????

 

[Elliott]

Pam, George, et al....

Excellent job. It reminds me of the recent HBO series on
John Adams, events force some to do what they don't necessarily
want to do, but have to do. We as a group will always just
flounder, but your committee saw a critical opportunity to
do something that will become the standard. AI, TAF, MBs, or
Zaio won't be able to duplicate your sincerity or passion on
this subject. I think I'll urge my local AI board to adopt it and
see what happens.

So, where do I send my letter to Mr. Cuomo via USPS.

 

[444nutman]

I may be a little slow but where do I send/fax/hand deliver the signed copy.

 

[rcsone]

....the end might be near, but before I contrary any efforts, intentions or work of those who are attempting to help us "row to a better shore", I should expended more effort than passing the wind of comment without being more justifiablely deserving by thought and active participation....best to all.......rs