- Joined
- Feb 20, 2002
- Professional Status
- Licensed Appraiser
- State
- Wisconsin
Have a new problem tonight.
The play, the cast two lenders, one owner, one new appraiser.
Received an order from lender number 1 to appraise a home. Set the appointment for Wed. Oct 16, 02. Then this afternoon lender number 2 calls me and says she understands I am doing an appraisal on a house at such and such for such and such. To call her before I start the appraisal if I think the property will not appraise out at such and such. They will pay me a trip charge. If I think it will appraise out at such and such, go ahead and do the appraisal. Collect COD from owner. Now in the order from lender number 1, also calls for it to be a COD.
Now if I understand my USPAP correctly I can only work for one lender, person at a time. :?
Which in this case the owner because she is paying the bill up front.
Do I tell her to pick one of the lenders? Do I call each lender and tell them I have a double order to Appraise this property and I can only work for one. Both lenders want the appraisal to be sent to them direct.
By the way both lenders send me equal amounts of business. And being brand new in the Real Estate Appraisal business, I really can’t afford to _ _ _ _ both of them off.
One is going to be bad enough.
And I was told in school that appraisers do not have problems. :roll:
The play, the cast two lenders, one owner, one new appraiser.
Received an order from lender number 1 to appraise a home. Set the appointment for Wed. Oct 16, 02. Then this afternoon lender number 2 calls me and says she understands I am doing an appraisal on a house at such and such for such and such. To call her before I start the appraisal if I think the property will not appraise out at such and such. They will pay me a trip charge. If I think it will appraise out at such and such, go ahead and do the appraisal. Collect COD from owner. Now in the order from lender number 1, also calls for it to be a COD.
Now if I understand my USPAP correctly I can only work for one lender, person at a time. :?
By the way both lenders send me equal amounts of business. And being brand new in the Real Estate Appraisal business, I really can’t afford to _ _ _ _ both of them off.
And I was told in school that appraisers do not have problems. :roll: