Anyone complete a UAD 3.6 report ..... yet

[Zoe]

I am seeing more local foreclosures. I am small market compared to nation wide, but I am seeing it.

Median sale price on foreclosures is going down Number of trustee sales is going down but sales price of trustee is going down within last 6 months.

I have been getting more foreclosure assignments.

 

[Bobby Bucks]

I'll give you example pre inspection. I always ask borrower on refinance what they would ask for their property if they were going to put it on the market?

I will follow like I know you are not planning on selling it or you would not be refinancing.

Some appraisers would never do that.

I read motivations of market participants. A person refinancing is a market participant.

Trust me I come in way over and way under and right on target with property owner refinancing and their opinion of what they would ask if they were selling their property?

Did you intend to post that in the water cooler or are you serious?

 

[Fritz in NY]

Send out the home owner insurance company "inspectors" to do a drive by. I changed companies after 12-15+ years with one. The new one sent out an inspector. Seems I need a new roof and they saw "shingle granules on the ground", and because of a fence could not get a rear photo. A) My roof is only 12 years old (50 Year GFA), B) I've never seen any granules anywhere and C) I have No fence to prevent a rear photo. I did not sign up with them. $ 55. is what I was told the inspector makes to do this. Uuup, send out the Uber driver to do your refi, goodluck.

 

[Dublin ohio]

So I fiddled around with Aivre software. Software doesn't bother me. It is just software. But I am going to have to sit down and go over just what the GSEs will require. There are exhibit cells for just about everything. Have to determine what exhibits are required or if an exhibit is required only for atypical situations

 

[Fernando]

I still use tape on outside and laser inside when needed. It would shock you how far off a previous appraisal and tax records are off sometimes. Our MLS gives a discount for appraiser to submit appraisal data on GLA and other items like front page of 1004 that are not confidential.

Isn't our data information private and not to be given to third parties?

 

[Zoe]

Isn't our data information private and not to be given to third parties?

There are some lawsuits going on related to that. I think the lawsuit going on in your State is related and the one just posted about lawsuit in Florida is related.

Note both are State related lawsuits. States have a bunch of power on business (commerce) within their boundaries.

 

[Essexfenwick]

Yeah. Used it once or twice. White out was your best friend.

Looking back, what about those credit card swipers that used carbon copies? Insane.

The economy was immune to Chinese cyber attack.

Now the whole economy can be crippled easily. Insane.

 

[Non Sequitur]

Back to what the GSEs want with 3.6, e.g Front Door elevation. A report I'm working on has the flood declaration page included in the disclosures. In the upcoming 3.6 world the front door threshold is a couple of inches above grade (on slab single story). In reality that's not even close (see below) to an accurate elevation for flood risk purposes. And pay attention to the method used to determine height. Why do the GSEs want appraisers to communicate misleading data?

 

[Zoe]

Back to what the GSEs want with 3.6, e.g Front Door elevation. A report I'm working on has the flood declaration page included in the disclosures. In the upcoming 3.6 world the front door threshold is a couple of inches above grade (on slab single story). In reality that's not even close (see below) to an accurate elevation for flood risk purposes. And pay attention to the method used to determine height. Why do the GSEs want appraisers to communicate misleading data?

View attachment 106379

I can think of possible reasons. GSE wants to be the appraiser. Don't tell Joan.

 

[J Grant]

Back to what the GSEs want with 3.6, e.g Front Door elevation. A report I'm working on has the flood declaration page included in the disclosures. In the upcoming 3.6 world the front door threshold is a couple of inches above grade (on slab single story). In reality that's not even close (see below) to an accurate elevation for flood risk purposes. And pay attention to the method used to determine height. Why do the GSEs want appraisers to communicate misleading data?

View attachment 106379

I have no idea why and do not care. They want us to measure the front door threshold and if it is two inches and does not match a flood elevation cert, it is not my problem.

It is an add-on to a "Free" (to them) set of extra services from appraisers to help with their "risk" management, because they are too cheap to hire a flood surveyor or a home inspector.