I am not doing the 3.6 FORM deal

[djd09]

is the ceiling height measured to the inch...ansi will take care of it

 

[DWiley]

Well, well, well. I checked three addresses. Here is their answer for all three.

View attachment 105068

You can't create a new requirement without making it impossible to apply. You might want to mention that at your next corporate lackey meeting.

Have you read the actual spec? Do you know when reporting a HERS rating is required (or not)?

 

[Dublin ohio]

Have you read the actual spec? Do you know when reporting a HERS rating is required (or not)?

So who initiates the HERS inspection. Resnet is not clear on that

 

[Tim Hicks (Texas)]

Have you read the actual spec? Do you know when reporting a HERS rating is required (or not)?

The spec for HERS or spec for 3.6?

Tell me Danny and I know it's been a while, but when was the last time you adjusted for HERS rating or ceiling heights and how many times? Why were you using dissimilar comparable sales if you did? Did you have a basis for these adjustments?

Which spec specifically?

Lender Responsibilities The lender is responsible for • ensuring that the appraiser has been provided with a copy of the energy report, if one was required, and other required documentation described in this topic, • managing the completion escrow account in which improvement funds are held, and • monitoring the completion of the HomeStyle Energy improvement work. See the requirements related to the energy-related improvement feature in SB4-1.2

How does this help us with comparable sales that do not have HERS reports?

Or the requirements for reporting the HERS data?

Honestly, I was gonna wait until the problem actually came up since I never hear about HERS on any properties currently.

You know, I am just poking fun at you?

 

[Sadie]

Looks like we agree that there are great appraisers out there. The disconnect is that if lenders wanted better appraisals they could get better appraisals. They are in 100% control of the appraisers they hire so, for the most part, they only have themselves to blame for the appraisal in that loan file. Yet these lenders tend to gravitate towards the less competent appraisers and then complain about the reports they receive.

The problem is that a lender definition of a good appraiser is different than ours. They like the appraisers who make their life easy and hit the number. Which we in the appraiser world would not necessarily call a good appraiser.

 

[Sadie]

Why are lenders using appraisers who slap together an appraisal in 30 minutes, and who live on the other side of the country?

Cheap and hit the target value?

 

[Sadie]

Fannie Mae does not buy back loans.

Kind of the opposite. They make the bank buy them back if they don't perform.

 

[residentialguy]

Dated after 10-15 years and some appraisers call it C4 while others still call it C3. So subjective.

It's is an opinion of value. Yes, it is subjective.

 

[Sadie]

Was he correct with his claims about appraisers making incredible amounts using the PDC desktop system? Those replies seem to have disappeared and there hasn't been any more discussion on the subject. I'm sure many in here would love to know how this can be accomplished.....ethically of course

Simon Blackburn on the latest Appraisal Buzz podcast was saying all we appraisers need to do is sign up with the local independent bank as a PDC and we will make a nice living. And why wouldn't we want to sign that hybrid appraisal? Its not like the appraiser is responsible for the output of the PDC. Its all on the lender!

I could not believe that was actually said out loud. How to say I have no idea how things work in the appraisal world without actually saying it. What a ding bat.

 

[Sadie]

Does it really matter whether granite or quartz (though I prefer quartz).
The new UAD goes into too much unnecessary characteristics.
All we need to know is C4, C4+, C4-, C3, C3+, C3-, etc. That's what Fernando would have done with new form.

Value wise, it might, might not, but you should know what is in the home you are estimating the value of.