Just learned VA Appraiser never came to house!

[rcsone]

........my answer to Post #19 is incomplete because so far today I have not been able to find the source on disciplinary sanctions in California. But as I remember them from working on a Supervisor/trainee course for this state's board in one of the past two years, there were about 30 cases decided for discipline and over two-thirds of them were related to child support issues. From the thousands of appraisers in California, the remaining number is so small to be almost non-existant numerically as a percentage of active appraisers. And the approximation of this can be confirmed by looking at the dates and reasons posted on the California Board sites referred to by the poster----two out of the first three were for non-appraisal deficiencies. I did not sort the 190+ over the past years other than visually by glance, but adequate, pertinent enforcement is almost directed to the states which have insufficent recourses for supervision. This leaves state and federal govenments' courtrooms in play only after excess participations. After all it was the gun and rope, and not the wire, that discouraged cattle rustling............best to all.............rs

 

[Doug Meyer]

Now you may have 2 reports on the house when VA only ordered 1 report? This may be opening up a new can of worms!

 

[Webbed Feet]

........my answer to Post #19 is incomplete because so far today I have not been able to find the source on disciplinary sanctions in California. But as I remember them from working on a Supervisor/trainee course for this state's board in one of the past two years, there were about 30 cases decided for discipline and over two-thirds of them were related to child support issues. From the thousands of appraisers in California, the remaining number is so small to be almost non-existant numerically as a percentage of active appraisers. And the approximation of this can be confirmed by looking at the dates and reasons posted on the California Board sites referred to by the poster----two out of the first three were for non-appraisal deficiencies. I did not sort the 190+ over the past years other than visually by glance, but adequate, pertinent enforcement is almost directed to the states which have insufficent recourses for supervision. This leaves state and federal govenments' courtrooms in play only after excess participations. After all it was the gun and rope, and not the wire, that discouraged cattle rustling............best to all.............rs

That sure helps explain the things relocated CA appraisers come up here to OR and say, and do. Plus the idiotic job seeking letters they send out to other appraisers with content that suggests breaking USPAP just ain't a problem!

 

[Webbed Feet]

<......snip.....>
By the way, I think the banker is a little afraid of me now.

H

I certainly could be incorrect. But my experience in life are that other people involved in such situations start broadcasting fear when the facts were they were equally involved in the wrong doing. Or maybe everyone just is feeling like no matter what they do you are going to sue them now.

Perhaps this appraiser only thought "just this once" would be ok due to having a vacation scheduled and in a time crunch to meet deadlines before leaving, maybe this appraiser pulls this crap all the time. That doesn't do anything for you either way when you lose confidence because of it all. And I don't see how any confidence can be resurrected after this. Too bad more appraisers will not be reading this thread. What a classic way to toss your integrity and everyone's confidence in you out the window! .. And there is no getting it back. That prior value opinion could be completely correct, but nobody involved is ever going to have any faith in that now.

I've been actively posting in other threads that the acts of all appraisers reflect on the entire trade. I fight the way other appraisers parse our trade standards at whim in order to attempt to justify their own acts that, in the end, only breach the integrity of all of us. At the heart of this are the lenders, who due to their greed of closing another loan and profits, that have manipulated everything to meet their demands for what are "sales needs" (selling another loan) to the point ethical appraisers are punished and unethical ones are rewarded for their behavior. You see, ethics slows everything down. A total lack of ethics speeds everything up.

So part of the fact are, until you...... the Public ... begins to demand your appraisal service providers have the highest ethics, the integrity, so that you can have confidence, this trade is completely lost to the greed that takes place in lending. But for that to happen the public has to be ready to sacrifice expediency and the McDonald's have it your way attitude, along with demands for instant gratification. It is going to take you, the borrowers, to put an end to the mortgage fraud going on by demanding service professionals versus a bunch of mortgage fraudsters. So I applaud all your hard work on this, and I hope you tell all your friends what went on and what it all caused.

 

[heathpack]

So part of the fact are, until you...... the Public ... begins to demand your appraisal service providers have the highest ethics, the integrity, so that you can have confidence, this trade is completely lost to the greed that takes place in lending. But for that to happen the public has to be ready to sacrifice expediency and the McDonald's have it your way attitude, along with demands for instant gratification. It is going to take you, the borrowers, to put an end to the mortgage fraud going on by demanding service professionals versus a bunch of mortgage fraudsters. So I applaud all your hard work on this, and I hope you tell all your friends what went on and what it all caused.

The problem is that we, as members of the general public, don't really know how things are supposed to work.

The person who has not been mentioned much in this whole deranged scenario is our realtor-- he is a really great guy and very ethical. He wouldn't say very much or speak against the banker or appraiser, but we could tell from his overall demeanor that he felt like something was really amiss. Most realtors would just go along with banker and appraiser to get the deal done. Thankfully we had realtor in our corner when banker was telling us not to rock the boat-- realtor would not let us think that all of this was ok. If we had your typical realtor we'd probably in our ignorance have gone along with the whole thing.

And remember that the other group of people that helped us think all this through is the appraisers on this board. Good for you all!

It's ok I think if the banker's a little worried about what we might do next, but really we are not going to sue anybody. If banker doesn't get the loan done on time, he can pay the fee for the interest rate extension. But otherwise he owes us nothing monetarily.

And we might just send Mr. Z the bill we'll get for those 15 minutes our attorney spent on the phone with us. Based on prior experience, that should be about $500.

We'll decide about OREA, VA and whoever regulates bankers after we close.

I'll let you all know how Monday goes.

H

 

[Ajax in CA]

Please let us know

The problem is that we, as members of the general public, don't really know how things are supposed to work.

The person who has not been mentioned much in this whole deranged scenario is our realtor-- he is a really great guy and very ethical. He wouldn't say very much or speak against the banker or appraiser, but we could tell from his overall demeanor that he felt like something was really amiss. Most realtors would just go along with banker and appraiser to get the deal done. Thankfully we had realtor in our corner when banker was telling us not to rock the boat-- realtor would not let us think that all of this was ok. If we had your typical realtor we'd probably in our ignorance have gone along with the whole thing.

And remember that the other group of people that helped us think all this through is the appraisers on this board. Good for you all!

It's ok I think if the banker's a little worried about what we might do next, but really we are not going to sue anybody. If banker doesn't get the loan done on time, he can pay the fee for the interest rate extension. But otherwise he owes us nothing monetarily.

And we might just send Mr. Z the bill we'll get for those 15 minutes our attorney spent on the phone with us. Based on prior experience, that should be about $500.

We'll decide about OREA, VA and whoever regulates bankers after we close.

I'll let you all know how Monday goes.

H

Oh Heathpack, please let us know how things turn out regarding Mr. Z's visit on Monday morning! Hopefully you or your husband can be there to see Mr. Z do some serious squirming. This has been one of the most interesting posts I've read in a long time. I have to agree with a previous post stating that perhaps it would be a good idea to go with a completely different appraisal company and appraiser, but I do understand the time constraints.... It sounds like Mr. X and Mr. Z need to be taken to task. It makes you wonder how many other appraisals these two have done like this. Would love to know their real names, but I know that is impossible. Folks like that give the good and ethical appraisers a bad name.

Anyway, your follow up regarding the next chapter of "As the Stomach Turns" would really be appreciated!

 

[heathpack]

Hopefully you or your husband can be there to see Mr. Z do some serious squirming.

As much as we'd love to meet the infamous Mr. Z, we will not be there. It is simply not a good idea for husband and Mr. Z to be in the same room.

H

 

[heathpack]

Question about terminology

Is a trustee sale considered a regular sale or a foreclosure?

H

 

[heathpack]

Errors we found in appraisal report.

...can anyone comment as to whether these would be considered significant? This is cut-and-paste from email we sent to banker.

1. MLS lists square footage as 1729 (source=assessor). Report lists square footage at 1625.
2. Seller credit towards closing costs is stated to be 3%. It is actually 1%
3. There is an error on the building sketch. The entryway is labeled as being 3.5 feet long. If you've ever been in the house, this is clearly wrong. We think this is a transcription error and probably should be 8.5 feet.
4. Was the last transfer of subject actually a regular sale (as report states) or a foreclosure? Seller bought the house from a bank. Can it be a regular sale if it was bank-owned?
5. Report states that subject has had no other sales or transfers in the past 36 months. According to our records there have been three transfers of ownership during that time period- the one the appraiser notes on 3/3/09 and two others on 6/11/08 & 12/22/06.
6. And of course the report states that the comps are the most recent ones available. <But for the purposes of this post, I won't go there right now.>

H

 

[rcsone]

...if the first report is signed by the VA appraiser and HE NEVER initially inspected the property personally as the signed report reflects, he should most definitately be reported to VA and the state. When I joined the Panel I was told to do two things: 1) "...tell us what's there..." and 2) "...take care of the veteran...". An appraisal report properly researched and developed will take care of both requests. Afterall a real estate appraisal is the result of the appraisal process or should be. If your story details to my understanding, the signing, non-attending appraiser should be expelled from the Panel. Again I would encourage your further exposure to the VA folks(at a minimum...) of the behaviour, ethics, and professionalism of OUR appraiser on the VA Panel. They can decide the seriousness of the transgression. Do you think child molesters should be excused if they promise not to repeat their activity?................best to you....rs