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FOX BUZ NEWS VIDEO "Appraisers hurting the housing market"

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Fix news equals bunker mentality
 
I have been thinking about changing my company name to:

"SCAPEGOAT APPRAISALS"

Our mission statement will be:

"We were responsible for the BOOM AND THE BUST"m2:
 
If you heard it on FOX, it must be true.
 
Housing prices are very weak now especially with the increase in mortgage rates and brokers are blaming on appraisers. Brokers look at data 6, 7, or more months old to justify their prices. We're easy to blame when the deal doesn't work out.
 
"OBama and Bush created HVCC"

Way to get the facts right FAKE news:new_all_coholic:
 
The problem here is more with FOX. They have some pretty dubious reports on just about everything. They want ratings, ratings and more ratings, therefore just about everything is meant to incite provocation.
 
Yeah, sure everyone wants it fast and high. Isn't that what created this mess? She is a bitter broker who lost her influence in the process and needs counseling, and anyone who listens to FOX News as their source for facts probably needs it too! :rof:

She isn't an appraiser, she is the broker and she is upset because the appraiser did not consider her comps? Sounds like she wants to "set the market"! Anyway, if anyone reads the "Appraisal Hell" story, they would see in this instance that the lender actually had two appraisals within 5K of each other supporting the sales price, then a third appraisal done in the middle (the second appraisal in the process) that came in $25K less than the original (less than 10% of the original) and used comps outside of the neighborhood. It was the LENDER who decided on all three appraisals, and after having two that DID support the contract, chose to decline based on the low appraisal and send the buyers on their way to another lender and another similar scenario. So really, who is at fault in this process? Are appraisers really low balling appraisals, or is it lenders are scared and not wanting to lend to anyone and using us as the scapegoats?
 
The responsibility for their existence rests squarely on the shoulders of Lenders and their Agents who continue to reward Incompetence in violation of State and Federal Laws.

That's very true.

The fact is that there are a lot of horrible appraisals being done, and the reports are wrongly being accepted by the end users.
 
The problem here is more with FOX. They have some pretty dubious reports on just about everything. They want ratings, ratings and more ratings, therefore just about everything is meant to incite provocation.
I'd a thought just the HVCC alone and it's origins would have been a shoe-in for Fox........ :shrug:, now that Andy's Governor and all.
 
The problem here is more with FOX. They have some pretty dubious reports on just about everything. They want ratings, ratings and more ratings, therefore just about everything is meant to incite provocation.

You are correct - but there are a ton of people out there who believe that if they heard it on FOX, it must be true.

Strongly suggest everyone follow Mike K's lead and write this bozo at FOX and set him straight on the facts. :angry:
 
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