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How do I get an acceptable verification source for a client?

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OG80

Sophomore Member
Joined
May 3, 2021
Professional Status
Appraiser Trainee
State
Texas
I have been asked to provide an Acceptable Verification Source to the client on a report. What do I present to them?
Thanks
 
Before the internet, there were telephones. There are emails. My Saturday morning routine use to be to copy and paste to a form letter selling realtors emails addresses from sold MLS listings that closed during the previous week.
 
Before the internet, there were telephones. There are emails. My Saturday morning routine use to be to copy and paste to a form letter selling realtors emails addresses from sold MLS listings that closed during the previous week.
Huh? What are you saying? Not sure I'm clear.
 
Texas. Non-disclosure state. Therefore, your only real source is the MLS. So, call either the buyer or the seller, tell them what you are up to, ask if they can verify that the SP was as stated and while at it, ask if it was arm's length transaction and the other party is not related.
 
First thing you do is ask the Client to tell you what sources are acceptable for verification. Then you do the best you can do.
 
for FHA you need to have 2 separate sources of verification. i use Doc #54245784;Realist. this is more or less verifying sale price and date. saying public records is not a source, you have to be more specific named. a listing agent can be a source, cause sometimes public records are not up to date on very recent stuff.
 
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