Alison Swain
Senior Member
- Joined
- Sep 13, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
A lot of you have read my thread over the past couple days about the small lake/;ski lake deal. For those of you who haven't, FYI: there were 3 appraisals total --- mine at $395K; a second at $422 and a 3rd at $457k.
The thrid appraisal was done after the Seller initiated the appraisal when mine came in $45K under sales price. Somewhere along the way, the Seller asked the Buyer's lender/MB if he would accept this 3rd appraisal. He said sure, as long as I'm named as th Client. He was named as Client/Lender on the 3rd appraisal report.
I won't go in to all the deficiencies with the actual report, but this third appraiser commuicated her report not only to the MB but also to the Seller without the MB's permission.
I pointed out the very serious USPAP violation (Ethics/Confidentiality) and Buyer's agent told the Buyer that the appraiser didn't violate anything --- the Seller paid for the 3rd appraisal so she was entitled to a copy. m2:
Now the Seller is using that totally bogus POS report as her negotiating base.
Would you just leave this alone or drop a dime?
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The thrid appraisal was done after the Seller initiated the appraisal when mine came in $45K under sales price. Somewhere along the way, the Seller asked the Buyer's lender/MB if he would accept this 3rd appraisal. He said sure, as long as I'm named as th Client. He was named as Client/Lender on the 3rd appraisal report.
I won't go in to all the deficiencies with the actual report, but this third appraiser commuicated her report not only to the MB but also to the Seller without the MB's permission.

Now the Seller is using that totally bogus POS report as her negotiating base.
Would you just leave this alone or drop a dime?

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