- Jan 15, 2002
- Professional Status
- Certified Residential Appraiser
I have been appraising for over 12 years and every year something new or strange comes up. Friday, I get a REO appraisal assignment from a little used mortgage company. I examine the appraisal order and it is a five family property with five addresses that they want appraised. I call them back and tell them that I can not appraise it because it is more than a four family property. Well, the last appraiser did. I suggested they call the last appraiser. They can not because they have to use a different appraiser on the REO appraisal. And besides, he put it on the URAR form. I explained that I have not seen the property, but I politely declined the assignment. I just did a fourplex apppraisal in this city and had one comp within the last year. Some assignments are not worth any fee. What is your opinion?