My 'Back Pages'

[Green Hornet]

Terrel,

Is there a point at which an appraiser is no longer answerable to the work they have done? I really do not know??

I know USPAP says a minimum of 5 years. Other threads here have not indicated a maximum length of file retention.

I would think that while there is the downside to which you refer, the upside to keeping the files is the ability to prove your work.

 

[Ray Miller]

Those past five years, hold then out to the highest bidder per lot. Could earn some extra bucks.

 

[TC]

Terrel,

Is there a point at which an appraiser is no longer answerable to the work they have done? I really do not know??

I know USPAP says a minimum of 5 years. Other threads here have not indicated a maximum length of file retention.

.

Always thought it was 5 years unless there was legal action involved. I used to keep ALL my files, now, I throw them out in exactly 5 years. I took a class somewhere that recommended that.

TC

 

[CCAAMO]

Always thought it was 5 years unless there was legal action involved. I used to keep ALL my files, now, I throw them out in exactly 5 years. I took a class somewhere that recommended that.

TC

What about the files on your computer?

 

[TC]

What about the files on your computer?

First of all, I'm a Diet Coke guy, don't do the Slurpy thing.


Don't tell anyone, but I DO keep the computer files on an external hard drive. But if someone is looking for a file over 5 years old, I DON'T HAVE IT.


TC

 

[CCAAMO]

That's what I do, but you never heard it from me. By the way $.99 for a 64 oz diet coke refill. Only my kids still drink slurpies.

 

[Blue1]

Terrel,

Is there a point at which an appraiser is no longer answerable to the work they have done? I really do not know??

I know USPAP says a minimum of 5 years. Other threads here have not indicated a maximum length of file retention.

I would think that while there is the downside to which you refer, the upside to keeping the files is the ability to prove your work.

I think there is no time limit on fraud. If you have committed fraud then you are liable forever.
But then, those who commit fraud are criminals and would shred the evidence anyway.... Me...I just need more storage space...

 

[Blue1]

I just had 50 legal sized storage boxes shredded last year. You need to shop around because the prices are all over the place but to have them picked up and then shred was $200 for the 50 boxes.

Thanks CCAAMO I appreciate the info...

 

[Tom Woolford]

All my files are on CD or DVD. January first of every year the ones over 5 years go in the microwave for 2 seconds. When I still had paper files I just burned them when they were over 5 years. If I did have a problem down the road Im not going to fuel some ambulance chaser on a discovery motion. The report stands alone.

 

[Mike Boyd]

All my files are on CD or DVD. January first of every year the ones over 5 years go in the microwave for 2 seconds. When I still had paper files I just burned them when they were over 5 years. If I did have a problem down the road Im not going to fuel some ambulance chaser on a discovery motion. The report stands alone.

My OLD appraisal files have a terrible stink when burned. My newer ones aren't so bad. LOL

10 years ago I had a shredder truck come to burn 10+years of boxed files. I forget what it cost back then. Greg now stores most of them in a shed. However, even only working part time, I have a four drawer cabinet almost full. I will have to start thinning them out. No room for storage boxes. GOOD IDEA! Always date the day received and the date sent out in the upper left hand corner of the file. Then, it is relatively quick and easy to pick out the ones over 5 years old. As I thin them, I will take them out to the dumpster that is for recycling. Did you know you can recycle old appraisals?