Drivebys

[Joyce Potts]

How is mounting arguments, pro or con agressive? If you're offended, leave the discussion.

 

[Joyce Potts]

The bottom line is, for years I've been hearing that the same argument that a driveby need only (minimally) be based on an a general or extraordinary assumption that the interior is in similar condition / quality as the exterior. Danny Wiley on a FB appraisal group stated a few weeks ago that the appraiser needed some other kind of verification. I'm trying to determine who's right and why and what constitutes the better advice. Sorry you're offended.

 

[alebrewer]

I don't get offended easily. I'm stating that your tone is very combative - not a great way to garner input from fellow forumites. Danny Wiley is correct in that, FOR THE AGENCIES, an EA is not sufficient - additional verification is required. That is an agency guideline, not a USPAP guideline. It is a step the agencies have taken to mitigate risk. You can read the documentation behind DW's position via the Covid-19 FAQ's published by the agencies.

That position, however, is above and beyond what is required by USPAP (as you probably know). Determining who is right and what constitutes better advice depends on what guidelines you're asking about. If USPAP, then my personal opinions have already been expressed (and, again, you're most welcome to disregard my opinion(s) if you'd like - I promise I won't be offended. As I've stated ad nauseum, each appraiser has to sign their own work, so each must do what he/she thinks best - not some yahoo on AF (speaking of myself, of course)). If you're asking about what the agencies require, read the Covid-19 FAQ's. If you're asking about what FHA requires, FHA DOES still allow an EA to be invoked. If you're asking about what the state boards would like to see - you'll probably need to solicit your state board for that information.

 

[The Warrior Monk]

Danny Wiley on a FB appraisal group stated a few weeks ago that the appraiser needed some other kind of verification.

And he's correct, as these are what the guidelines state. I even know that and I almost never do GSE assignments.

I'm trying to determine who's right and why and what constitutes the better advice.

If it already in the guidelines, anyone's opinion that contradicts the guidelines doesn't matter in the first place.

 

[Joyce Potts]

And he's correct, as these are what the guidelines state. I even know that and I almost never do GSE assignments.

If it already in the guidelines, anyone's opinion that contradicts the guidelines doesn't matter in the first place.

First you state that

If you're looking for what is acceptable to the GSE's and state boards, you should probably solicit the GSE's or state boards - this is a poor forum to get guidance on what they would expect. As to what lenders will accept - you should probably solicit your individual lenders. I had thought your question was directed at what other appraisers would do? If you are soliciting the opinions of other appraisers, I'm offering mine. If you don't like it, you're most welcome to pass on it.

As to whether it's reasonable in my opinion, I'd have no problem at all calling this property C3 based on exterior observation:
View attachment 54454

This one, however, I would not be comfortable invoking an EA:
View attachment 54455

So peer contributions are ok with UAD, but for purposes of this discussion, they're irrelevant?

 

[Dublin ohio]

I'm trying to determine who's right and why and what constitutes the better advice.

For GSE work. Read the scope of work statement in the 2055 cert.

 

[Joyce Potts]

If it were only that easy. It continues to be an interpretation. Go back and read #2 of the certification and tell me exactly what that means, especially in light of Danny Wiley's comments that the appraiser is required to have MORE information than a mere driveby, visual of the front from the street.

 

[alebrewer]

So peer contributions are ok with UAD, but for purposes of this discussion, they're irrelevant?

Example of combative responses. You're obviously not interested in my take, so I'll bow out.

 

[The Warrior Monk]

If it were only that easy. It continues to be an interpretation. Go back and read #2 of the certification and tell me exactly what that means, especially in light of Danny Wiley's comments that the appraiser is required to have MORE information than a mere driveby, visual of the front from the street.

Ask Danny for clarification. He knows more about this than any of us.

 

[Joyce Potts]

Crickets.

Ask Danny for clarification. He knows more about this than any of us.

He's already stated that a mere driveby with no other documentation is not enough on which to base a reasonable extraordinary assumption as to the interior condition and quality. That was the primary basis of my original post. It's contrary to what most appraisers typically believe and have posted on this thread. He's reading this. Let him opine again.