Allegations of Appraiser racism

[glenn walker]

I am J

I'm curious, does "The Jews of Israel" sound like a slur?

My best guess ( I am German Jew ) is To liberal Non-practicing Jews or ones who are atheist it probably would offend them. But to ones who believe in the God of Abraham or ones who are Christian I would say no. The Nation of Israel to a beliver is a big thing and so is protecting it. BUT to many Jews especially the Big City ones like ones located in New York City and Los Angeles most have no interest in Israel and would destroy there own people just as fast as the Hamas.

 

[Sadie]

There are several studies out that point out that POC were more affected by the recession and the resulting housing crisis. The reasoning behind that were predatory loans and some said over-valuing of homes. (AKA the appraiser's fault,). Now fingers are pointed at the appraisers for not "creating equity" for POC. What happens when it all goes south again like it always does? Who will be blamed for the the over-leveraged homes? The appraisers of course. And no one will accept the reality inequities in housing value has nothing to do with appraisals; it is the result of years of real estate inequities. An appraiser just reports and interprets the data.

 

[Carnivore]

There are several studies out that point out that POC were more affected by the recession and the resulting housing crisis. The reasoning behind that were predatory loans and some said over-valuing of homes. (AKA the appraiser's fault,). Now fingers are pointed at the appraisers for not "creating equity" for POC. What happens when it all goes south again like it always does? Who will be blamed for the the over-leveraged homes? The appraisers of course. And no one will accept the reality inequities in housing value has nothing to do with appraisals; it is the result of years of real estate inequities. An appraiser just reports and interprets the data.

The first Bold could be summarized better by stating it is years, no wait, Decades of Failed Government Social Policy.

2nd Bold you are spot on...We are the Yardstick, Barometer of that Failed Social Policy

If they thought about it a moment; We are not their enemy, no we are their Ally. We are the Proof they need for whatever their Goal is.

 

[George Hatch]

I've written CE courses and edited written instructional materials and one thing anyone who has developed such materials can relate to that a written course cannot emulate the randomness of the market as it actually exists. You can't write word problems with enough detail to get to the root of some random problem or what it would take to solve that problem. The examples in these materials are contrived to line up in a way that seldom occurs out in the wild.

Not to mention the point that learning how to be an appraiser involves more than just the specifics of developing an opinion and writing a report. The role itself takes practice. How to interact with various parties in that role. You can't write word problems that will teach the lesson of keeping your mouth shut when some property owner asks you what you think about the property or what you think about the value. A word problem cannot really drive home the point in the same manner as a personal experience that one reason you don't do verbals with a client prior to finishing your work is because your opinion might end up changing before you get done. A word problem cannot convey the experience of going back and forth with a reviewer or an underwriter over issues you consider to be trivial.

I doubt a PAREA course can possibly get an appraiser past the mechanics of letting the form drive the process. The same can be said for live supervision, except that you at least have a chance with a live supervisor and working with live clients and live borrowers and such. A PAREA student won't have that chance.

 

[djd09]

here is a solution. put an ad on craigslist and send them to the house for the inspection so the appraiser never sees anyone.

 

[Non Sequitur]

Our biggest problem is no one is leading from the front on our side.

 

[djd09]

here is a solution. put an ad on craigslist and send them to the house for the inspection so the appraiser never sees anyone.

not quoting that one, eh? fannie secret 3 year hybrid program probably has all the answers. surely they will figure it out at the next val expo in sunny san diego. will bunton be there?

 

[djd09]

HUD Reaches Agreement With JPMorgan Chase Resolving Claims Of Race Discrimination In Appraisals​

“We did extensive research into the matter and take these complaints very seriously,” a Chase spokesperson said in a written statement. “Appraisers are independent contractors who are not employed by the bank. They are specialists in the specific regions and use market-based comparisons to come up with a value. Our internal review of the appraisal assessment, as well as a market analysis, found no substantive issues and supported the appraiser’s value.”

https://www.forbes.com/sites/brenda...discrimination-in-appraisals/?sh=1ba456745bb5

notice that it is not the appraiser settling. hey jp , another proud member of the IAC

 

[Zoe]

I've written CE courses and edited written instructional materials and one thing anyone who has developed such materials can relate to that a written course cannot emulate the randomness of the market as it actually exists. You can't write word problems with enough detail to get to the root of some random problem or what it would take to solve that problem. The examples in these materials are contrived to line up in a way that seldom occurs out in the wild.

Not to mention the point that learning how to be an appraiser involves more than just the specifics of developing an opinion and writing a report. The role itself takes practice. How to interact with various parties in that role. You can't write word problems that will teach the lesson of keeping your mouth shut when some property owner asks you what you think about the property or what you think about the value. A word problem cannot really drive home the point in the same manner as a personal experience that one reason you don't do verbals with a client prior to finishing your work is because your opinion might end up changing before you get done. A word problem cannot convey the experience of going back and forth with a reviewer or an underwriter over issues you consider to be trivial.

I doubt a PAREA course can possibly get an appraiser past the mechanics of letting the form drive the process. The same can be said for live supervision, except that you at least have a chance with a live supervisor and working with live clients and live borrowers and such. A PAREA student won't have that chance.

Yeah, it takes a bunch of personal skills to be a really good appraiser. If somebody wants to discuss value with me, that's fine. I explain that I cannot discuss the appraised value with them personally because they are not my client. But if they want to tell me their opinion of value or things that they think impact value, that's good with me because I get some inclination in motivations and market influences. I am fine with that. I like it. Sometimes you can discover atypical motivations in that process.

 

[Zoe]

Take race for example and somebody says these houses over here are selling for $X, but those houses over there in that white subdivision are selling for $X. That's fine with me. I am going to focus on the best comparables and market data I can find for the subject property. It will start with the subject subdivision. I would also explain I bet there are minorities living in that other subdivision.