Appraised Value Below Contract Price

[Pittsburgh Pete]

One of the problems with this is that we are not supposed to be appraising to a predetermined value, or an outcome that would favor a result, such as the approval of a loan. Since the SC price meets both criteria, explaining why the MVO differs, implies that the SC price was a target amount that was not met.

Up there in the pantheon of idiotic posts on this forum! Congrats!

 

[George Ellerman]

Dear George,

Please read my other posts in this thread and get back to me.

My Dear Calvin,

I've read your other posts and you ,quite simply, are misinformed in your interpretation of analysis or your are wrong. I'll choose the latter.
As you can see from the mounds of oppositional criticism your are receiving here you are establishing yourself as a delusional Don Quixote of appraising. Do yourself a favor and cease and desist from trying to defeat the windmills. It's not a good day for you and it doesn't appear to be getting any better.

 

[J Grant]

Mr Rex, post the exact language from USPAP, since I posted the exact language from the certs in defending my postition.

And you might want to read my posts more carefully. Not coming in at MV does not imply that the appraiser thought the subject contract was irrelevant. However, coming in at the Exact CS amount each time out can show a pattern of appraising to pre determined values, which is a USPAP violation. USPAP has a lot of verbiage and application within the verbiage.

 

[J Grant]

Up there in the pantheon of idiotic posts on this forum! Congrats!

Explain why it is idiotic, rather than just proclaiming it is idiotic. It is the basis of appraising that you are calling idiotic, by the way!

 

[mark hurlock]

I am finished, with the last line.


USPAP, you ought to read it sometimes, it has some great info on appraising.

Reading USPAP is one thing but interpreting it is entirely different. I assumed your posting her implied a desire for you to be helpful, my bad.

 

[Delta85]

Wow, reading between lines that aren't even there! Please show me where I "waive" (sic) anything other than my own practice to actually "analyze" a sales contract and its implications in the context of its specific market.

Below is your quote from a few pages ago in this thread:


Because the cluelessness in the residential sector takes many forms. Some are gutless and some are ignorant as evidenced by this thread. Just my take!

 

[J Grant]

No, Mr Rex is pretty consistent, he'll jump into a thread, lob an insult, then withdraw, I guess it's a sport for him.

 

[Mr Rex]

Mr Rex, post the exact language from USPAP, since I posted the exact language from the certs in defending my postition.

And you might want to read my posts more carefully. Not coming in at MV does not imply that the appraiser thought the subject contract was irrelevant. However, coming in at the Exact CS amount each time out can show a pattern of appraising to pre determined values, which is a USPAP violation. USPAP has a lot of verbiage and application within the verbiage.

I posted the lines. Get your copy out and read it for yourself.

 

[Mr Rex]

No, Mr Rex is pretty consistent, he'll jump into a thread, lob an insult, then withdraw, I guess it's a sport for him.

and you just like to hear yourself post...

 

[J Grant]

More vague refernce to a line in USPAP without posting it for discussion and another insult. Told you he was consistent!