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ITS NEVER BEEN THIS BLATANT!!!!!!!!!!!!!!!!!!!!

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Michael Giampa

Freshman Member
Joined
Dec 14, 2002
This is the response I received from a lender concerning the need to re-inspect properties where they require a supervisory appraiser to inspect the property.


WE NEED YOU TO JUST CHECK THE BOX STATING YOU HAVE SEEN THE PROPERTY ON OUR DEALS. IF YOU TRUST YOUR APPRAISERS THAT SHOULDNT BE MUCH TO ASK. IF IT IS PLEASE CALL ME ASAP I NEED TO KNOW, SOME OF OUR DEALS ARE BEING HELD UP FROM CLOSING BECAUSE OF THIS ISSUE AND ALL WE NEED IS THIS BOX CHECKED. WHAT ARE YOU GOING TO DO?

After suffering these fools and obviously setting them straight they actually had to go through the incredible task of getting my licensed trainees approved so we dont need re-inspections from supervisory appraisers!
 

Terrel L. Shields

Elite Member
Gold Supporting Member
Joined
May 2, 2002
Professional Status
Certified General Appraiser
State
Arkansas
Send a copy of the request to Fannie mae and any mortgage or bank regulatory body applicable.
 

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
Hey, I think that is cool that they will approve trainees!
 

Oregon Doug

Senior Member
Joined
Jan 15, 2002
Professional Status
General Public
State
Oregon
Mike - I found the little boxes for for property value (increasing/stable/declining) and for Demand/supply (shortage/in balance/over supply) on the URAR form but I can not find the little boxes for fear and greed - where are they?

Oregon Doug
 

Mike Simpson

Senior Member
Joined
Jan 30, 2002
Doug,

You seem to be shadowing my responses, but I want that Evangelistic Star--so I'll bite. Being a smart cookie, you're obviously aware of what I'm referring to.

When fear is removed from the equation the balance is tipped towards greed! No little boxes needed here, supply & demand are far more than strictly appraisal principles.

It would appear the individual in Michael's example has a total lack of fear of any possible consequences as a result of their actions (probably due--in part--to an irresolute system).

-Mike
 
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