Hybrid

[Eli]

Some people are just wound too tight or a screw or two is loose.

You want dog eat dog. Get ready. You ain’t seen nothing yet. Lawyers will luv it.

 

[djd09]

I will go to ServicesLinks and check their process. I need open doors and access to all files. No paper shredding before hand. Oh i forgot they use the dumpster.

 

[Eli]

Some people are just wound too tight or a screw or two is loose.

I will go to ServicesLinks and check their process. I need open doors and access to all files. No paper shredding before hand. Oh i forgot they use the dumpster.

That’s below the belt now. You get a warning.

 

[timd354]

TimD won't be doing them but here he is , again, telling us how it is. Danny is the worst kind of shill, inside the beltway.

I am not telling you or anyone else that you should do them...In fact, I could not care any less whether or not you do hybrids

 

[timd354]

Some people are just wound too tight or a screw or two is loose.

That is an awesome statement coming from you of all people, lol

 

[Eli]

That is an awesome statement coming from you of all people, lol

Lol. You know what they say. If the shoe fits? then, ..........

 

[Meandering]

The appraiser believes the source of the property characteristics is reliable based upon,

The information was provided to the appraiser via an interested party - the agent of the lender, who,

refused to disclose the name and qualifications of the person who "inspected" the interior of the property, and,

I thoroughly believe is credible, until they don't pay me and don't answer their phones and disappear into the abyss like so many of their former brethren.

Yup, can't get more reliable based on those certs.

Lulz

So what passes for due diligence and due care? Well, I already knew the correct answer to that question before you even brought it up. Actually, the answer to your challenge is part of the lesson plan.

View attachment 35918

I can do this all day long. Note that the measure is framed in terms of the expectations of the appraiser's peers (which is a defined term) and the power users for the "similar assignment". Not all types of assignments.

Had they meant all assignments they would have said all assignments. Again, the wording they chose was no accident.

Oh come on George, that's a two part answer.

The evidence of the expectations of the partIES who are regularly intended intended users for similar assignments is????? Where????

Certainly not in the IAEG, and not in the TILA for higher priced mortgages.

12 cfr 226.43
(c)Appraisals required -

(1)In general. Except as provided in paragraph (b) of this section, a creditor shall not extend a higher-priced mortgage loan to a consumer without obtaining, prior to consummation, a written appraisal of the property to be mortgaged. The appraisal must be performed by a certified or licensed appraiser who conducts a physical visit of the interior of the property that will secure the transaction.

So where is that rule or evidence that the regularly intended users expect any desktop/hybrid/bi-f appraisal is credible for lending?



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[Meandering]

Nice dodge. Taking lessons from M? .

Says the guy who quotes law that was only valid for 90 days in 2010 as current and applicable today, after spending months arguing the IFR over the C&R issue and knew full well the IFR replaced the portion of the DF that was being touted as the "current law".



I may not be correct in my opinions 100% of the time,
but I don't make stuff up.



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[Non Sequitur]

Appraiser's can't agree on standards for GLA and basements, and nearly every appraisal report contains "I ain't no home inspector" CYA. Complaining about third party property inspections will not work.

 

[Meandering]

Appraiser's can't agree on standards for GLA and basements, and nearly every appraisal report contains "I ain't no home inspector" CYA. Complaining about third party property inspections will not work.

But the written regulations still contain certain things that must be adhered to.

So whether or not appraisers agree or disagree, it is the written regulations that will land many in courts or hearings with fines and/or jail time if someone can prove mortgage fraud through commission.

Standards Rule 1-1
In developing a real property appraisal, an appraiser must:
(b) not commit a substantial error of omission or commission that significantly affects an appraisal;

3 a : authority to act for, in behalf of, or in place of another

• … had summoned all the clans which acknowledged his commission …
• —T. B. Macaulay

b : a task or matter entrusted to one as an agent for another

• 7 : an act of entrusting or giving authority
  • the commission of limited powers to the administrator
  — in commission or into commission
  1 : under the authority of commissioners
  2 of a ship : ready for active service
  3 : in use or in condition for use
  • The Internet connection is back in commission.
  executed a commission for me while he was in Singapore

https://www.merriam-webster.com/dictionary/commission

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