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Data Cancer found....

Joyce Potts said:
Exactly how many residential assignments do you do? What you may think you're able to bracket, I just about guarantee that another variable is compromised--in the real world. You're arguing theory. Phil used a single real life example. Imagine walking into court on the opposite side and he puts those graphs and data up on the screen. You may have a theoretical point, but given the presentation and narrative, who makes the better case?

How can anyone truly know exactly how waivers impact market prices if Fannie/Freddie and/or NAR refuse to make waivers a searchable factor? I've been advocating for years, that if a comparable involved any kind of GSE financing, the closing statement SIGNED BY BOTH PARTIES should be made available to the appraiser(s), all confidentiality aspects notwithstanding.

Is one sale enough to move a market? I'm prone to believing that a high sale is more likely to be used by an appraiser in an assignment than a low one. You can't have it both ways, and we should both know that's a reality.

While one sale may not be enough to move an entire market, it may have very well influenced the next Realtor, buyer and seller-- and influenced the appraisers doing lending appraisals in that market thereafter.

What I love about statistics and the numbers you posted above, is that only 8.1% of all mortgages may be waiver impacted and in the big scheme of things, that's pretty insignificant. Until you're the guy who relied on the high sale, or the appraiser that used that sale as Comp #1. Then the stats become a little more personal than 8.1%. At that point, for that guy, the impact is 100%.
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I agree again. Especially when you get in a very heterogeneous market for the subject property like most of Shelby County and Memphis can be. Memphis especially. Crawford admitted he lives in cookie cutter area and how many new houses are coming in to impact the market in the subdivision he lives in.

Crawford admitted he lived in cookie cutter land. He said he knew not all places were as homogeneous as the house he lives in.
 
Going back to the OP, he did demonstrate what we have said before on this forum for some time; that you can sift for the usage of a waiver by contacting brokers to personally confirm the sale and the details of the transaction.
 
I don't make the market. I read it.
 
George Hatch said:
Going back to the OP, he did demonstrate what we have said before on this forum for some time; that you can sift for the usage of a waiver by contacting brokers to personally confirm the sale and the details of the transaction.
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If the theory that waivers result in inflated sale prices is viable, it shouldn't take much to isolate those sales
 
Dublin ohio said:
If the theory that waivers result in inflated sale prices is viable, it shouldn't take much to isolate those sales
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Since the Waiver is not dislosed, how would you isolate them?

You would have to call the RE agent on every high sale price ( inflated ) and ask if there was a waiver, ten hope they even know ( they might not ) and then hope they get back to you on it.

I have no idea why a line is showing upin the typce, I could not remove it.
 
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