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Just venting

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Glock27

Thread Starter
Freshman Member
Joined
Apr 16, 2002
Professional Status
Certified Residential Appraiser
State
Indiana
Preaching to the choir. 2 review appraisals in the last 7 days from the same appraisal firm; Dad and kids, (nothing wrong with that).
1st one sold 1/2000 for $10,000 (bank repo) then sold 11/2001 for $28,500; Appraised 9/2002 for $58,000. I came up on review at $33,000.
2nd one sold 1/2001 for $53,000 (listed at $51,000) no mention of concessions in MLS. Apprasied 9/2002 for $76,000. Haven't gone out on this one yet, but comps out my A** for 50's. All mortgage brokers.
When will it stop?
As I said before, just venting.

See ya
Tony
 

jtrotta

Senior Member
Joined
Jan 16, 2002
sounds like the Futures Traders 8O have moved to the Real Estate sector :lol: :lol: :lol:


8)
 

John M. Parker

Freshman Member
Joined
Jun 4, 2002
I hope for the sake of all decent appraisers in your area that you are sending these to the Board.

A wise Old man once told me "You Police Yourself or be Policed by Others". It is your duty to yourself and your profession to weed out the number hitters and the people that bend the rules until they break.

This week I am turning over two to our board, this will the third time this year for one and the other I don't know. I do know that she inflated a value to help a borrower and keep her out of foreclosure, out and out fabrcation.

Don't just vent.

Excuse me - I seem to be venting myself.
 
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