Double Check Those Listing Prices!

[Bob Ipock]

Quote:
Originally Posted by Tim Hicks (Texas)
I don't care who else is involved.

I don't care either.....I want ALL involved held accountable....not just appraisers.

Post a few cites. I'd like to see who on this board holds the opinion that appraisers are coping out, blaming others for fraud, and want to shift the blame to others.

I wish I could post the name of the state appraisal board member that sent me this email. I won't.....but perhaps they will come forward and give their name.......they are here on this forum from time to time. I am not going to put them on the hot seat unless they want to claim authorship. The email was and is for real....I have not changed one single word.

Bob - No, I didn't go to DC last week. My going would have only been a waste of our appraisers' license fees. I'm near the end of my term on the board and I've essentially retired from appraising.

I tried hard to enhance our profession from within the system during the past 7+ years as a board member. There has been an ingrained reluctince to improve the profession from the regulitory side and no support from appraisers.

I'm outta here next spring so frankly Bob, I just don't give a damn anymore.

I suspect there are others that feel the same.....but unwilling to say so in public.

 

[Ms. Janet]

That's the 2nd time you've posted that to mock him Bob. It was rude the first time and it's rude now.

He gave 7 years of his time to his State and this profession. That's a lot more than most of us have done.

His State Appraisal Board has a lot to be proud of, as does mine in Florida and many others.

 

[Non Sequitur]

I don't care either.....I want ALL involved held accountable....not just appraisers.

The thing is, I believe you, but your words betray you.

As for the unnamed board member, if I'm right did he not lead an effort to issue cease and desist orders to MB's who were not licensed in his state and/or put offensive language in appraisal orders and post the actions on the forum? If I'm correct, what else do you want?

 

[Tim Hicks (Texas)]

And that's sad. Some very old legal and moral principals are of the opinion that all parties to an action are responsible; the get away driver is equally responsible for the dead bank teller. If I'm the the tellers widow I'm all for nailing the driver, but the others have to be charged too.

What a good analogy. I am quite sure there are plenty of widows as a result of bad mortgages. Most of which can not be made without a bad appraisal. Nobody is twisting these appraisers arms.

Other than offering an unbiased opinion of value on real property, what "checks and balances"? You make it seem that we are more a part of the process than we actually are. If I'm of the opinion that a certain property is worth $200,000, the lender can lend anything they want, $10 or $300,000. I couldn't care less, it's not my goal to tell my client what to do or not to do. Good lending policies will over come a bad appraisal most any day.

You are looking at it as an appraiser's point of view. But, just why do lenders get an appraisal? Why do you think the appraisal profession was needed? Sure, our job is to give unbiased opinion of value, but lenders are using us to protect their collateral and make lending decisions. USPAP was conceived because appraisers needed a code of ethics. Why is that?

One repeated theme I've come across is to blame appraisers for every fraudulent deal (see below) thus relieving LO's, MB's, RE agents, buyers who let their names be used for straw purchases, sellers who give money back under the table, title co's that over look double closings, prepare false HUD's etc., the mortgage industry giants who turn a blind eye to the mess, the list could go on ad finitum. And you guy's think appraisers are the gate keepers that could stop all of this, or should? It's not a job I want. I'll stick to producing credible appraisal reports.

Once again, these deals can not be done without an appraisal. If the appraisal is credible then the appraiser is not to blame. How often is the appraisal credible in these instances? Take my word on the hundreds of reviews I have done for Fannie and Freddie, credible appraisals are not involved in the instances I have seen. Credible appraisals will stop most of this from happening. Why is this so hard to comprehend?

Appraisers are to blame for their part in the crime. It is as simple as that. The loan can not be done without the bad appraisal and it happens far too often. Turning a blind eye to this fact is bad for our profession. If these MB's and other entities had no resource for bad appraisals, how could the appraiser be blamed at all?

I am sorry, but I believe that appraisers deserve the bad rap they get on these bad loans. If the loan is bad and the appraisal is credible, then there is no crime. I wish it was the case, but it usually is not.

 

[Renee Healion]

Pretty cold to post an unnamed but easy to guess board member's emailed response to you, Bob. That'll cut down on your fan mail.

 

[Chris Colston]

MODERATOR'S HAT ON: Most of us already know who the "unnamed" board member is, he has said just about the same thing in public. Let's get back on topic, please, and the keep the "personal stuff" out of the discussion. Thank you.

 

[Francois K. Gregoire]

Follow Up

2 Agencies Will Examine Real Estate Agent's Deals

By SHANNON BEHNKEN The Tampa Tribune
Published: Oct 24, 2006

http://news.tbo.com/news/metro/MGBZ1V4WNTE.html

TAMPA - The state attorney general opened a criminal investigation Monday into inflated real estate transactions in Pinellas and Hillsborough counties.
A second state agency that oversees real estate professionals is asking appraisers and at least one real estate broker for records connected to the deals, revealed Sunday in a Tampa Tribune investigation.

 

[Non Sequitur]

Frank, posting a link to an article that implicates other real estate professionals is unacceptable. I demand you put on a cape and spandex, fly around Florida and round up the appraisers that are the real culprits. We all know that without appraisers, the "facilitators" of real estate fraud, none this would happen.

 

[Francois K. Gregoire]

Frank, posting a link to an article that implicates other real estate professionals is unacceptable. I demand you put on a cape and spandex, fly around Florida and round up the appraisers that are the real culprits. We all know that without appraisers, the "facilitators" of real estate fraud, none this would happen.

Capes are issued by the DBPR along with the ID/Name Badge. Thankfully, the budget has been cut and spandex is no longer issued or required.

BTW, I'm heading to your fine city at the beginning of next month for the NAR Convention. It would be nice to chat.

 

[Ms. Janet]

Frank, posting a link to an article that implicates other real estate professionals is unacceptable. I demand you put on a cape and spandex, fly around Florida and round up the appraisers that are the real culprits. We all know that without appraisers, the "facilitators" of real estate fraud, none this would happen.

:new_multi: Now we're talking a visual............ Frank in spandex!!!! :new_multi: