Poundage is out-fast and cheap is in! long term and short term forecast calls for the same despite everything that has happened and is about to happen-lessons have not been learned yet-the need for greed and speed is still prevailing despite the near collapse of the market. I used to hope and pray for things to get as bad as they now are so real changes would be made and now I realize that it's going to take a complete and total meltdown for real changes are made. Sad sad situation.
The Premier Online Community for Real Estate Appraisers!
-
Welcome to AppraisersForum.com, the premier online
community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.
FirstAm/Eape investor class action
- Thread starter Marcia Langley
- Start date
- Status
Greg Bell
Senior Member
- Joined
- Jul 7, 2006
- Professional Status
- Gvmt Agency, FNMA, HUD, VA etc.
- State
- Louisiana
I agree...No change until a complete 1929 , 1933 type melt down occurs.Looks like we are on our way.Indy mac is on life support and Citicorp is very shakey..Quick , Buy some beans and ammo..
Mike Phillips
Senior Member
- Joined
- Dec 16, 2004
- Professional Status
- Certified Residential Appraiser
- State
- Florida
The older I get the more I realize the task of making sense out of life just bolis down to finding and acknowledging simple truths that work consistently.
The guidance I received from my mother "if you don't lie, you won't have to remember what you said" has worked well for me. I can rely on that wisdom 100% of the time.
What your statement means to me is that when the pain a lender experiences as a result of obtaining poor quality appraisals exceeds the pain (higher cost, longer t-times) they experience from obtaining good quality appraisals they will take the course of least resistance and select the least painful option. That works for me.
- Status