Disaster Area Inspections

[ctag1003]

Chase is paying one AMC company $35.00 per DI and that company is subbing thousands of these requests out to Trinity Inspection Services. Trinity is paying $15.00 per ext DI and $35.00 per interior. Trinity has their own on line form and photo upload system. Trinity is using/begging ANYONE they can find to do the inspections....no appraiser/ RE experience needed!! A car, camera and PC you qualify. They will sign you up with no interview or credential verification (just a W9). They then send the report back to the AMC for delivery back to Chase! Whats that about????? Do you think the AMC or Chase know or care about this system. Thousands of orders with a profit of $20 or more each job! No, I am not doing any of them!

 

[GCJim]

Disgusting.....

Considering that a TRIP fee runs around $100, why would anyone do any kind of disaster inspection for LESS THAN $65-to-$100?
Reverse price gouging / predatory business practices, with more than enough idiots to oblige.

Idiot appraisers never cease to amaze.

 

[Terraform]

Someone have a good comment for the 2075? I am doing a few of them based on a drive by and would appreciate a
Good comment to add to the addendum.
Thank you

if this applies to your area:

Having personally inspected the Subject property and surrounding neighborhood on the effective date of this report, I certify to the best of my knowledge and belief that there is no significant damage or reduction in marketability or value due to the recent disaster.

 

[Mike Garrett RAA]

Can you really say "no decline in value"?

 

[Raoul]

I got a request to do one on a property here in TN. Methinks the lender needs a map.

 

[DonRico]

I've been putting this (among other disclaimers) in the Addendum --

"The future Marketability within the Affected Area is difficult to predict -- Buyer Preference may be impacted by a Storm of this magnitude. Factors such as Clean Up Costs, increased Insurance Costs and the general inconvenience of such a Storm may serve to reduce the Pool of Interested Buyers.
In previous Storm Events in this area, there was no discernible Long Term Impact on Marketability."

In other words......don't come back to me if this Home on the Jersey Shore doesn't sell quickly this Winter after the Storm of the Century created havoc.

 

[Meandering]

I'm hearing in the investor circles that some properties in Staten Island and the Jersey shore already have offers by the states to purchase the land with the insurance company paying out on the house to encourage the people not to rebuild.

Just what I heard from reliable sources.

.

 

[Mike Garrett RAA]

if this applies to your area:

Having personally inspected the Subject property and surrounding neighborhood on the effective date of this report, I certify to the best of my knowledge and belief that there is no significant damage or reduction in marketability or value due to the recent disaster.

Making a statement "I certify to the best of my knowledge and belief there is no reduction in value" is, in my not so humble opinion, an APPRAISAL!

That aside, how can we, in all good faith, make such a statement? I could certify that there appears to be no physical damage but I certainly don't know about the affect this storm has value. Think about it.

 

[Charlotte Dixon]

I've been over-loaded with these disaster inspections, have devised my own letter content and have put it on my letterhead, no form. Yes, I've chosen my words very carefully. No complaints.

 

[Birdman]

Mike G,

You are correct no one knows the effect of storm on market values now. It will probably be 1-3 years before you can tell the actual % of loss due to this storm. I know personally. I went thru a flood in 2010.