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No controlling legal authority

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Don Clark

Thread Starter
Elite Member
Joined
Jan 17, 2002
Professional Status
Certified Residential Appraiser
State
Virginia
8)

This is a derivative of a discussion in the VA/FHA forum regarding control over an appraisal after it leaves your office.

There is absolutely nothing an appraiser can do to prevent anyone coming into possession of an appraisal report from doing just about anything they want with it. I have seen reports that I have carefully put together with great addendums, sketch, photos, maps, etc., just marked all over with red ink, torn apart, and whatever else the UW wanted to do with it.

There is no controlling legal authority to stop this.

That is why I am amazed that Kentucky and some other states are trying to have appraisers make silly statements that the report that leaves our office may have been changed, altered, or otherwise violated and that the only true original is in the appraisers workfile. Well DUH :roll:

That has been the case since time began. Whether it was a hand written report from the 50's & 60's or a typed report from the 70's and 80's to one transmitted electronically today. So what :!:

If the states really wanted to control such things they would regulated lenders better than they do and the fly by night mortgage brokers that make dozens of copies of our reports and sell to the highest bidder. Or, as a student of mine from Northern virginia discovered, they may not need your report at all, just your name and license number. He was visited one day by an FBI agent who had 9 folders of appraisals he had supposedly completed. He had in fact not done any of them. A lender had falsified appraisal, loan applications, and had actually held closing on properties whose owners never even knew loans were being made. The lender and all who cooperated went to jail. That is the kind of enforcement we need, not extra verbage from appraisers that means nothing but extra work and no real effect.

Don
 

Austin

Elite Member
Joined
Jan 16, 2002
Professional Status
Certified General Appraiser
State
Virginia
Don: There is a simple solution to this problem. We can all become Democrats. Then whatever we do is right and whatever we don't want to do is wrong, unless of course, we decide we want to do tomorrow what was wrong today, in which case what was wrong yesterday becomes right today. Eeverything is relative you see. It works for Bill Clinton and some of his cronies that hangout over at the Watercooler. It is all Bush's fault...yada yada yada.....
 

Alan Simmons

Member
Joined
Jan 15, 2002
Professional Status
Certified Residential Appraiser
State
Alabama
This is why I include on every URAR (for example): "A copy of this report as originally delivered is included in the Appraiser's work-file." It may not deter anyone from manipulating the report, but it does inform the reader that there is a way to discover changes.
 

Leon Stewart

Member
Joined
Jan 15, 2002

Don: There is a simple solution to this problem. We can all become Democrats. Then whatever we do is right and whatever we don't want to do is wrong, .....

Does that mean that, "U r either wit us or agin us"?

leart3
 
A

Anonymous

Guest
Baxter Black (a cattleman and poet) once wrote an ode to the chicken in which he prefaced by noting that everything tasted just like chicken whether it be a rattlesnake or lizard, etc. and it was some kind of generic meat. Chickens, according to Baxter "are all democrats." That's the way I read it.
 
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