Gated Community

[J Grant]

Advice from "attorneys or USPAP experts" would be ?????

I don't know, since I do not work for any of these companies...but the PMI companies, including Genworth that are hiring review appraisers, mostly through AMC's are mega corporations...I would assume before they started this they would have consulted attorneys ( since they are looking to recover $ from the lender's appraisals they loaned on ), and appraisers who are USPAP experts, or at least represented themselves to be such, in terms of what these PMI companies should look for in faulty appraisals etc. If state boards are deciding the outcome of these cases, state boards vary widely. If a judge or mediator is deciding them, who knows what sense a judge could make of USPAP, let alone what constitutes a violation, since much of the language is so cryptic and broad.

 

[PropertyEconomics]

I don't know, since I do not work for any of these companies...but the PMI companies, including Genworth that are hiring review appraisers, mostly through AMC's are mega corporations...I would assume before they started this they would have consulted attorneys ( since they are looking to recover $ from the lender's appraisals they loaned on ), and appraisers who are USPAP experts, or at least represented themselves to be such, in terms of what these PMI companies should look for in faulty appraisals etc. If state boards are deciding the outcome of these cases, state boards vary widely. If a judge or mediator is deciding them, who knows what sense a judge could make of USPAP, let alone what constitutes a violation, since much of the language is so cryptic and broad.

Judges are very accustom to looking at language that is cryptic and broad ... they deal with laws every day which are most often broad and cryptic. I believe a judge can make LEGAL sense out of USPAP ... the problem is most appraisers cannot as they want it to say things it doesnt say but they assume it says anyway.

 

[J Grant]

Whether how a judge deciphers USPAP would have any relation to how an appraiser intreprets it I have no idea. Never been in that situation and hope never to be !

 

[BRCJR]

................................................................................................................................................. If we can't get in, we can't. Disclose it and let client deal with it.

Why not contact client and agree to a different sow before taking it upon yourself to alter sow?"

 

[TJSum]

J- the whole idea is to not get even close to the judge. Once you're in front of the judge, you've lost, even if you win.

I don't know, since I do not work for any of these companies...but the PMI companies, including Genworth that are hiring review appraisers, mostly through AMC's are mega corporations...I would assume before they started this they would have consulted attorneys ( since they are looking to recover $ from the lender's appraisals they loaned on ), and appraisers who are USPAP experts, or at least represented themselves to be such, in terms of what these PMI companies should look for in faulty appraisals etc. If state boards are deciding the outcome of these cases, state boards vary widely. If a judge or mediator is deciding them, who knows what sense a judge could make of USPAP, let alone what constitutes a violation, since much of the language is so cryptic and broad.

See above as a reminder, why play Russian Roulette with ones career...

 

[Scott Fleming]

I have not read this thread through, but I have never had a problem getting into a gated subdivision. Follow somebody in, explain your situation to the gaurd, call a realtor with a listing in the subdivision, etc. It ain't fort Knox.

 

[Couch Potato]

I have not read this thread through, but I have never had a problem getting into a gated subdivision. Follow somebody in, explain your situation to the gaurd, call a realtor with a listing in the subdivision, etc. It ain't fort Knox.

Some are tougher than Fort Knox.:new_all_coholic:

 

[J Grant]

Here in S Florida, a lot of the gated communities with guards and condos with conceriges are very tough. If it's an REO listing, even if a Realtor calls your name in at gate, many won't let you in without a written letter of fax from the bank autohorizing you to go in. I can't blame them...their residents are paying them to protect them, not let anyone in with a good story.

Gated no guard, I am not following in a car anymore, see previous threads. If there is a gate code on MLS or a realtor I know with a code, I may use that, but many codes here change monthly.

 

[Couch Potato]

Here in S Florida, a lot of the gated communities with guards and condos with conceriges are very tough. If it's an REO listing, even if a Realtor calls your name in at gate, many won't let you in without a written letter of fax from the bank autohorizing you to go in. I can't blame them...their residents are paying them to protect them, not let anyone in with a good story.

Gated no guard, I am not following in a car anymore, see previous threads. If there is a gate code on MLS or a realtor I know with a code, I may use that, but many codes here change monthly.

The best approach I found on the toughest neighborhood to enter in the Orlando area was a letter to the HOA on nice letterhead. It takes time, but it worked several times for me where phone requests had failed.

 

[PropertyEconomics]

See above as a reminder, why play Russian Roulette with ones career...

TJ .... you are right but please be mindful that one of the people you quoted advocated telling a lie to get into a private community .... Im just sayin.