Appraisal Reviewer

[Mike Garrett RAA]

Shirley, you are wrong...and with your attitude I doubt you will be wrong too long...or licensed for that matter, either.

 

[Michigander]

Me thinks we've got a troll with "shirley" aka Dr. somebody or another.....

no feeding the trolls.

 

[Shirley Yukon]

You have go to be completely naive if you think most appraiser go by USPAP guidelines. I'm not saying I agree with what they are doing but more appraiser violate USPAP than not. If you don't agree with that statement, you need to open your eyes.

 

[BenLuby]

Sorry, I tend to think that there are more moral appraisers than immoral. Much like the police force, you never really hear about the good ones. You only hear about the bad ones, and, since they are the ones that get the publicity, they are what most people associate with being an appraiser.
If everyone else ran out to jump off a bridge, I won't. Bending rules and obligations to make the lender/client happy is not a good thing. Let them push you once, then they will do it again. And, before you know it, the formerly moral and ethical appraiser is now another number hitter.
Making adjustments based on being needed to make a deal work is not our job. Our job is to ensure that the buyer and lender are protected from an inflated value. An all it takes is one sloppy appraiser in the are to skew the data. If 99% of the appraisers you know do it, then you know the wrong 99%.

 

[Carnivore]

Originally posted by Shirley Yukon@Nov 29 2003, 01:58 AM
You have go to be completely naive if you think most appraiser go by USPAP guidelines. I'm not saying I agree with what they are doing but more appraiser violate USPAP than not. If you don't agree with that statement, you need to open your eyes.

Shirley,

Which sections of USPAP do you think appraisers violate the most. I have often thought standard 4 was a large loophole a kid could jump thru. Whats your thoughts on this?

Mr Naive

 

[Shirley Yukon]

I tend to think standards 1 & 2 is an obstacle course that a mentally challenged kid could complete. As for standard 4, i'm not familiar with that one. You'll have to tell me what that one says.

and Ben, my young innocent and naive colleague. I highly doubt I know 99% of the bad appraisers. I haven't been in this industry that long but you can't not be serious when you say there are more good appraisers than bad. More often than not, they are either pushing value to satisfy the client, signing off on appraisals that they were not involved with, leaving out things that could potentially kill the loan, etc. etc. etc. And I've only been doing appraisals for a little over a year. I've had two friends who refinanced within the past year. I had a chance to look at their appraisals. One appraiser lied and said my friend had a remodeled kitchen so he can get the value that the mortgage company wanted. The other had a railroad track 100 feet away that went unmentioned. This one was a condo. He didn't even use a comp in the same complex although there was one that sold 2 months before that he didn't even use because it sold for 10k less than the value he was trying to get. The comps he used weren't the best comps avail.

Now either these appraisers are lying or they don't know how to do their job. I tend to think its the former.

 

[Mike Garrett RAA]

This forum is getting more and more like "The Grape Vine".

Surely you jest, Shirley!

 

[Carnivore]

Shirley, You may be on to something

Do you think the AO's should be outlawed. They often give the crooked appraiser an out for stuff one would htink USPAP could control?

 

[Shirley Yukon]

No Andrew. I say keep everything the way it is. The nerdy, straight appraisers can continue to do whats morally correct, while the appraiser that bend a few corners get rich off this industry.

 

[Jeff Horton]

Originally posted by Shirley Yukon@Nov 28 2003, 02:38 AM
Why? I'll tell you why. Because a reviewer will notice a difference in lot size and want to know why no adjustments were warranted.

Check the attitude at the door Shirl. We try to remain civil when we disagree here.

Fact is making up adjustments is wrong. Plain and simple. The answer to this is to explain in the comments section why you made no adjustment. I do it all the time and rarely get questioned why. NO need to make up something.

And just out of curiosity, if you had to defend you adjustments before a State Board (or in court) what defense would you use for your made up adjustments?? Especially when a simple comment would have done it.