• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

No appraisal needed for sales.

Status
Not open for further replies.

Mike Garrett RAA

Elite Member
Gold Supporting Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
Colorado
I just closed yesterday on my new $170,000 home. We put $93,000 down so that makes the LTV something like 46%. Our credit score was over 800 and they still required an appraisal! Go figure! Do you think the lenders might know something about appraiser's job security?????
 

Dan Tanner

Freshman Member
Joined
Feb 2, 2002
***NEWSFLASH***
People with good credit do not default on loans. Why waste time and money on an appraisal. etc. when there is not need to securitize a mortgage w/ "collateral" when they a going to pay?

The casino always wins!
 

Chris POklacki

Freshman Member
Joined
Jan 31, 2002
Professional Status
Certified Residential Appraiser
State
Illinois
People with goodf credt dont default on loans?
What world do you live in. People with good credit lose jobs, get divorced the listr goes on. I have seen owners of houses in the $400-$600 range lose ther job or whatever and default.
And not all people with bad credit default.
 

Parkinson

Freshman Member
Joined
Feb 6, 2002
Professional Status
Certified Residential Appraiser
State
Utah
I am still stuck on the appraiser getting 100+ assignments in a month. How in the world can you process that? That would kill this 1 man office.
What is your secret? 8O
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Top

AdBlock Detected

We get it, advertisements are annoying!

Sure, ad-blocking software does a great job at blocking ads, but it also blocks useful features of our website. For the best site experience please disable your AdBlocker.

I've Disabled AdBlock
No Thanks