- Jan 13, 2002
- Professional Status
- Retired Appraiser
“When you see exorbitant fees coupled with the lenders’ total disregard for the borrower’s ability to meet the terms of the loan,” said Foreclosures.com’s president Alexis McGee, “it’s hard to believe that taking the home through foreclosure is not the lender’s ultimate goal.”
the bar was set very low and has not been raised since. The result is that a sizable portion of the appraiser population simply doesn't have the the knowledge or understanding required to be appraisers. Additionally, many appear to be ethically challanged and unwilling to accept the responsability associated with the task of valuing our most important assets (our homes).
The number hitter appraiser, even though the system set it up for them to thrive, is the bottom line fault. Now, there really are WAY TOO MANY with an appraisal license that have NO IDEA how to appraise. There is practically nobody out there that is in a position to stop them.