Gated Community

[Sunshine in VA]

I don't know, since I do not work for any of these companies...but the PMI companies, including Genworth that are hiring review appraisers, mostly through AMC's are mega corporations...I would assume before they started this they would have consulted attorneys ( since they are looking to recover $ from the lender's appraisals they loaned on ), and appraisers who are USPAP experts, or at least represented themselves to be such, in terms of what these PMI companies should look for in faulty appraisals etc. If state boards are deciding the outcome of these cases, state boards vary widely. If a judge or mediator is deciding them, who knows what sense a judge could make of USPAP, let alone what constitutes a violation, since much of the language is so cryptic and broad.

In most cases when the lender finds fault with the field review and sends it back to the MI company, we get back a letter from the AMC stating the review in credible to save themselves from refunding money to their client or offering a complaint review.

 

[J Grant]

Sorry I don't understand...the AMC sends a letter back that the field review was in credible? Does that mean not credible?

 

[Delta85]

I have not read this thread through, but I have never had a problem getting into a gated subdivision. Follow somebody in, explain your situation to the gaurd, call a realtor with a listing in the subdivision, etc. It ain't fort Knox.

I can barely get realtors to return calls or e-mails looking for comp info let alone one that will go through the effort of arranging access for me to get into a gated community they have nothing to gain by doing.

Most guards, if they are professional, may sympathize with your need to get in but state you must be let in by a realtor or homeowner or permission must be communicated by them somehow.

 

[Delta85]

Because to some ... gaining access via a lie is not really a big deal to them it appears as prior posts would suggest.

Like you ... not all appraisers believe this way Delta ... Im glad to see you understand that simply being honest with your client and not trespassing into an area you have not been invited is your preferred method.

I think it should be the preferred method for all who are professional and understand the meaning of the word.

It's just not worth the risk of getting into trouble with the police, a gung ho security guard, or even an irate member of the gated community.

 

[Delta85]

I have misgivings about tailgating into gated communities. Often our MLS will put gate codes on the data sheets, which is very helpful. I get worried when going past a gate up a long driveway to get a comp photo, or worse a subject photo of a pre-foreclosure. I got trapped once doing that. Someone closed an electric gate behind me and they had to come and let me out. Not sure what was going on there, but they had trained guard dogs and security cameras. The person that came out to chat was armed.

I'll never understand why some appraisers feel the need to play cat and mouse with danger by going up long private driveways or conning their way into gated communities just to view a comp or a subject of a review. There are a million things that can go wrong and for what? An appraisal report you might make $350 on or so?

I'm not sure what would be worse, getting into trouble with the law or facing an unreasonable and out of control homeowner or worse yet being trapped in by one up a long driveway.

 

[Couch Potato]

I can barely get realtors to return calls or e-mails looking for comp info let alone one that will go through the effort of arranging access for me to get into a gated community they have nothing to gain by doing.

Most guards, if they are professional, may sympathize with your need to get in but state you must be let in by a realtor or homeowner or permission must be communicated by them somehow.

All appraisers need to work constantly on those relationships. It is simply not possible to do appraisal work well without good relationships with the brokers in ones market. If brokers are not returning phone calls, fixing that problem should be a very high priority. I have never met a broker that didn't love to talk on the phone.

 

[Delta85]

All appraisers need to work constantly on those relationships. It is simply not possible to do appraisal work well without good relationships with the brokers in ones market. If brokers are not returning phone calls, fixing that problem should be a very high priority. I have never met a broker that didn't love to talk on the phone.

I have a great relationship with many realtors in my area however, and maybe it's my area, realtors that do not know me very often do not return calls or e-mails or when they do it might be days later after the report has been completed.

I send all e-mails and leave all voicemails with the most polite and appreciative manner and always thank them in advance for their help. There is just simply a lack of cooperation. Not by all, but many.

 

[JSmith43]

I have never met a broker that didn't love to talk on the phone.

Couch discovered the secret of return calls from agents-hinting in a message that he is a potential cash buyer of one of their highest price listings:icon_lol:

 

[J Grant]

Couch discovered the secret of return calls from agents-hinting in a message that he is a potential cash buyer of one of their highest price listings:icon_lol:

Are you adovcating lying to agents and hinting you are a cash buyer when you are not?

This is a joke?

 

[J Grant]

I have a great relationship with many realtors in my area however, and maybe it's my area, realtors that do not know me very often do not return calls or e-mails or when they do it might be days later after the report has been completed.

I send all e-mails and leave all voicemails with the most polite and appreciative manner and always thank them in advance for their help. There is just simply a lack of cooperation. Not by all, but many.

Even asking a realtor for a gate code is subterfuge. On the part of the realtor, and some may refuse to do it. Here's why: When a realtor obtains a gate code, it is because the owner of the listed home gave permission to realtor to give the gate code to agents wishing to show or view THEIR house. They did not agree to let the Realtor have the gate code in order to let people in to view or drive by another owner's house. Furthermore, the owner of the subject under review did not give permission to the appraiser to enter the community and drive by their house.