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C&R

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imjiminnh

Junior Member
Joined
Oct 4, 2003
Professional Status
Certified Residential Appraiser
State
New Hampshire
Geez, no posts in a year? I hope that somebody still checks in here once in a while! I'm reeling from the fact that after turning down a rural FHA 1004 sent by an unsolicited AMC for 310.00 and sending them the ala mode survey showing 400.00 to be typical, it was immediately reassigned. This can only mean that there's someone out there doing FHA work for less than the published C&R for a land appraisal. Has anyone ever reported these fees to the state board for violating the C&R mandate of the DF? If so did they care?
 
I have no idea who charges what in your market area, I only know one person for sure is at the same fee as you are. Do you have a lot of appraisers up in your coverage area?
 
Noreen,

I figure that we lost half of the appraisers in central NH during the "correction", and there weren't many out towards Cheshire county to start with. I see 15 miles between comps on a regular basis, you southern tier folk don't know how good you got it! I still see people coming up from MA to do work in the lakes region, did a review where they used Lake Winnipesaukee comps for a Locke Lake property, yikes. There must be a lot of competition down there to cause some one to drive an hour for a job. Is the market as hot down there as I hear?
 
Looks like C&R is $350-$375 for the NorthEast http://www.benefits.VA.gov/HOMELOANS/documents/docs/cleveland_fee.pdf
 
imjiminnh said:
Geez, no posts in a year? I hope that somebody still checks in here once in a while! I'm reeling from the fact that after turning down a rural FHA 1004 sent by an unsolicited AMC for 310.00 and sending them the ala mode survey showing 400.00 to be typical, it was immediately reassigned. This can only mean that there's someone out there doing FHA work for less than the published C&R for a land appraisal. Has anyone ever reported these fees to the state board for violating the C&R mandate of the DF? If so did they care?
Click to expand...

The state board is not enforcing C&R fees. The Federal Reserve board does

Board of Governors of the Federal Reserve System
Division of Consumer and Community Affairs
(202) 452-2412

Chair: Former Banker and Chief Executive Officer of the Federal Reserve Bank of San Francisco from 2004 to 2010. -Former Banker

Vice Chair: "Prior to his appointment to the Board, Dr. Fischer was governor of the Bank of Israel from 2005 through 2013. From February 2002 to April 2005, Dr. Fischer was vice chairman of Citigroup. Dr. Fischer served as the first deputy managing director of the International Monetary Fund from September 1994 through August 2001. From January 1988 to August 1990, he was the chief economist of the World Bank" -Former Banker

Board Member:Professor of Law at Georgetown University Law Center, where he taught courses in international financial regulation, international law, and banking law. Prior to joining the Georgetown Law faculty, Mr. Tarullo held several senior positions in the Clinton administration. Attorney

Board Member: was a partner at The Carlyle Group

Board Member: served as the Deputy National Economic Adviser and Deputy Assistant to President Clinton.

The gate keepers to our customary and reasonable fees appear to either be bankers or affliated with the Clinton administration. Interesting.
 
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