AVM's and Here We Go Again

[David M. Swaim]

I think lenders are finding out AVM's are like the new war technology. You still have to put the troops on the ground. On the here we go again I am hearing over and over again from homeowners, realtors, etc. about how values will never go down again. Will these people ever listen or what planet have they been living on.

 

[Pamela Crowley (Florida)]

What?!?!?!

Just as the biggie AVMs are being touted as so wonderful!?!?!

Now about that dream world those drugs are putting people into......

 

[Restrain]

Appraisal Intelligence is reporting 5 new AVM's rolling out this month. Everybody and their brother is going to have one. I suggest that we start charging $100 for an AVM, with a disclaimer that the value is worth its weight in toilet tissue. That's what an AVM value is worth.

Roger

 

[Leon Stewart]

Appraisal Intelligence is reporting 5 new AVM's rolling out this month. Everybody and their brother is going to have one. I suggest that we start charging $100 for an AVM, with a disclaimer that the value is worth its weight in toilet tissue. That's what an AVM value is worth.

Roger

How long do you think it'll take for the Lenders to start completing them in-house with non-licensee's. I think many Lenders have already Contracted with large non-appraisal Firms to do these AVM's.

leon