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Google COMP CHECKS

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Conservative in Virginia

Thread Starter
Member
Joined
Aug 16, 2007
Professional Status
Licensed Appraiser
State
Virginia
What do you think of these creative ways of advertising free comp checks? Google Comp Checks and you will see a plethora of them... I see now why I sit here with little to do. Recession Depression
About Comp Checks:
We send comps as an accommodation to our clients. The comps we send our clients are based on what we find in the public record to identify the subject property and seemingly, similar sales in the neighborhood. These comps are not exhaustive but simply facts of the market place. USPAP (our guidelines) prohibits appraisers from making value judgments without doing an appraisal. We cannot tell you what the value might be without going through the appraisal process. We generally recommend doing an appraisal if there are comps that bracket the estimated value. We suggest you allow the borrower to check the comps and decide if an appraisal is warranted.

Free Comp Check
Neighborhood property sales for Most____________Counties - No Charge-

We will prepare neighborhood sales for the property you request. Fill in the following page. Allow 24hrs for return information. Data can be faxed or e-mailed. - No Charge-



http://atlanta.craigslist.org/rts/543112071.html

Here is the best one...

DISCLAIMER: A COMP CHECK IS SIMPLY A SAMPLE OF SIMILAR ACTIVE, PENDING, AND/ OR CLOSED COMPARABLES LOCATED IN THE SUBJECT PROPERTY AREA. THESE COMPS MAY OR MAY NOT BE USED WHEN AN OFFICIAL APPRAISAL ORDER IS SUBMITTED. A COMP CHECK IS NOT A PREDETERMINED VALUE FOR A FUTURE APPRAISAL ASSIGNMENT. PLEASE KEEP IN MIND THAT IT IS ILLEGAL FOR AN APPRAISER TO ACCEPT AN APPRAISAL ASSIGNMENT WITH A PREDETERMINED VALUE AS A TARGET VALUE. IF YOU DO NOT AGREE OR UNDERSTAND THE TERMS, PLEASE DO NOT USE THE COMP CHECK FORM.
THANXX!
 

Proactive

Senior Member
Gold Supporting Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Washington
"We have met the enemy and he is us." ~Walt Kelly, Pogo creator
 

Frederick

Senior Member
Joined
Nov 2, 2005
Professional Status
Certified General Appraiser
State
New Jersey
I wonder when mortgage brokers will figure out they are providing sales leads that appraisers are selling to other mortgage brokers?
 

Mike Kennedy

Elite Member
Joined
Sep 28, 2003
Professional Status
Certified Residential Appraiser
State
New York
What's the easiest way to pre-qualify a loan?

Get an early 'heads-up' on a subject property, without the need to jump through hoops to do so. Let Appraisal.com do the research for you. When you place an appraisal order with Appraisal.com, you get a comp Check report with every order.

And, as long as you complete your appraisal order through the Appraisal.com Nationwide Appraisal Network, your Comparable Check Report is absolutely FREE!



http://www.mkgappraisal.com/comp_check_log.htm :unsure:


http://en.wikipedia.org/wiki/Comp_Check:icon_idea:


http://www.certifiedappraisersinc.com/Order-CompCheck.asp :new_shocked:
 
Last edited:

Couch Potato

Elite Member
Joined
Mar 15, 2004
Professional Status
Certified Residential Appraiser
State
North Carolina
Need new filler.

Atlanta appraiser with an Oklahoma sample appraisal.

http://www.vstroseappraisals.com/misc/sample.pdf

Those alamode canned sites make me want to puke.
That sample ought to cause a la mode nightmares. :rof: They really should use different filler on their web templates. Something more traditional like:
Lorem ipsum dolor sit amet, consectetur adipiscing elit, set eiusmod tempor incidunt et labore et dolore magna aliquam. Ut enim ad minim veniam, quis nostrud exerc. Irure dolor in reprehend incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse molestaie cillum. Tia non ob ea soluad incom dereud facilis est er expedit distinct. Nam liber te conscient to factor tum poen legum odioque civiuda et tam. Neque pecun modut est neque nonor et imper ned libidig met, consectetur adipiscing elit, sed ut labore et dolore magna aliquam is nostrud exercitation ullam mmodo consequet. Duis aute in voluptate velit esse cillum dolore eu fugiat nulla pariatur.
would force their customers to actually pay some attention to the content on their sites. :new_smile-l:
 

xmmcsmielr

Junior Member
Joined
Feb 4, 2002
A wealth of "sting" targets

Any state board worth its salt would sting the appraisers who advertize comp checks.

Like this:

Board investigators contact the comp checkers, asking for the information, including "predetermined value" and / or "value range" indications.

Then, if the appraiser responds in manner that justifies further investigation, the investigator conducts an office visit (audit) to determine if the appraiser has complied with logging the jobs in, opening files and retaining the necessary market data documentation in the files.

Some of those advertizing comp checks may be completing them in compliance with USPAP, but many are not.

Upon imposing any sanctions resulting from the stings, the state board should publish the results in an electronic newsletter distributed to the regulated community.

It would not take very long (6 to 12 months?) for the number of comp checkers to cease their misbegotten participation with LOs shopping for appraisers who will hit requested numbers upon command.
 

Conservative in Virginia

Thread Starter
Member
Joined
Aug 16, 2007
Professional Status
Licensed Appraiser
State
Virginia
Why... I ask WHY... are they then allowed to do this? Can not the local appraisal licencing board call them to the carpet. IF COMP checks are indeed Mortgage Fraud and these people are ADVERTISING this fraud how come this is still going on. I suppose it is like Kiddie **** but from my hours of Law and Order studies..those sites are well hidden. These are easy as a google!
 
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