Defund TAF

[BRCJR]

IMO the minimum level of quality is primarily affected by what the client will and won't accept and use.

Tell him he's suspended for a month for repeated violations of this appraisal policy and he'll probably find religion on it real quick. I know I would; except I try not to need to be told twice about a problem like this.

I have written it off and just mention it in every review. It, alone, does not discredit the report nor adversely impact value. I just gave up. It is in an area of very few Appraiser choices.

 

[djd09]

a lot of the issue in rural areas is competition. many do not have to get any better than they are or have been. it shows in their work product. can you believe I have been telling an Appraiser he should consider removing his HVCC comment and should have never included it on his land form. yet to this day it is still there.

sounds like a hiring problem...dont use he/she/it

 

[George Hatch]

sounds like a hiring problem...dont use he/she/it

That is definitely one of the alternatives and some would argue that it's the only appropriate alternative.

Then the next controversy that comes up is the appraiser gets mad for being blackballed even though the value conclusion was supported.

 

[djd09]

oh did you see that value...1.5 million or so...batter up with or without the hvcc comment

 

[George Hatch]

Their money, their problem. They can't blame appraisers for something the appraisers didn't touch.

A little reciprocity might be in order. The lenders and GSEs don't care about the economic well being of appraisers. Appraisers have no reason to care about the economic well being of the GSEs.

 

[BRCJR]

sounds like a hiring problem...dont use he/she/it

easy to say, sounds like rural areas are not properly understood by many

Appraisers in:

Russell County 0
Buchanan County 0
Tazewell County 2

1500 square miles and a population of
83,627 people

solve the problem, I am all ears

I wager whatever you may suggest I have already thought of and/or tried

 

[BRCJR]

That one comment, everything else being satisfactory, does not disqualify the use of the report.
It is not even a reportable issue.

Glad many on here do not review.

 

[djd09]

if you know it is not an 'USPAP' infraction...then who cares...what i do know is trying to force a rural property on fannie forms is asking for a world of hurt

 

[Surf Cat]

Allowing a home buyer to forgo an appraisal when putting just 3% down sounds a little more than scary when home prices are at/near all-time highs and have increased roughly 50% in just the past few years....

Appraisers should be able to be hired by home buyers/borrowers for their peace of mind. Let the borrowers decide on the level of due diligence that they want before borrowing on a waiver (sorry, value acceptance). No.... not engaged through the lender and their thieving partner AMC's whom stip and demand ROV's for the desired number to make it all work and make the lender lots of money.

The appraiser's role has changed right before our very eyes. It's no longer to help gauge the risk of "the lender" making a sound lending decision..... they want to rubber stamp like cowboys.

We should be truly independent and help gauge the risk for "the borrower" for paying too much for a property.

 

[djd09]

someone sent me an appraisal 'bid' request or whatever...and the special instructions wanted an USPAP addendum...dont know what that means