Lender requesting reduction of estimated value

[reggieP123]

stick to your guns!

 

[Carnivore]

You dont change the value in the report. You issue another report and then... You are on the hook to explain to your board why you did this all in the course of 24-48 hours...

You can make a correction based upon new information and have a different signed date. That is not considered to be a new appraisal. Just a corrected appraisal.

I was addressing a value change. You switched it up to look like a mundane change to correct an error, typo or minor omission.

Did you want a chance to re-phrase your reponse before I cite the relevent USPAP citations demonstrating how wrong you are?

Before you answer here is a definition you might get up to speed on.

http://commerce.appraisalfoundation.org/html/USPAP2008/USPAP_folder/uspap_foreword/DEFINITIONS.htm

APPRAISAL: (noun) the act or process of developing an opinion of value; an opinion of value. (adjective) of or pertaining to appraising and related functions such as appraisal practice or appraisal services.

Thank you for your attention.