PA REVISES Essential Services list

[A Horn]

Here is the new current list of essential services in PA

https://assets.documentcloud.org/documents/6816301/REVISED-Pennsylvania-list-of-essential-and-non.pdf

Unfortunately I did not find appraisal mentioned in any form, but here is the Real Estate Section

View attachment 44456

Enforcement was to begin Saturday, but that has now been delayed until Monday at 8 a.m


Check your local news for updates, call your local police and ask about the "enforcement" if you have questions.

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[A Horn]

If you look at the Life Sustaining Business FAQs dated 4/1/2020, it has a link to NAIS Classifications where real estate appraisers are classified under 5313. In the Pennsylvania List of Life-Sustaining Services, classification 5313 all have a NO, we may not continue physical operations. Real estate appraisers are NOT classified under 5223, Activities Related to Credit Intermediation. But the Life Sustaining Business FAQs also states "If your business’ NAICS classification does not fall within a category listed as “life - sustaining” you may qualify for an exemption if your business provides goods or services necessary to maintain operations of a business on the life-sustaining list. However, no exemptions have been issued and with the new guidelines from FNMA, FHA, Freddie Mac, that would allow alternatives methods for this time
of the pandemic, it may be that there will be no exemptions made. Unfortunately, the lenders are not accepting these new appraisal exceptions for two additional appraisal inspection scope of work options, and I am still being asked to complete interior inspections. I am refusing all inspections in line with the Stay at Home Order. So far, all the appraisals ordered with inspections, the lenders are not accepting request to change assignment scope of work to fit in with the new temporary scope of work inspections flexibility. What is everyone else doing? Has anyone received an exemption to continue appraisal worK?

 

[Meandering]

If you look at the Life Sustaining Business FAQs dated 4/1/2020, it has a link to NAIS Classifications where real estate appraisers are classified under 5313. In the Pennsylvania List of Life-Sustaining Services, classification 5313 all have a NO, we may not continue physical operations. Real estate appraisers are NOT classified under 5223, Activities Related to Credit Intermediation. But the Life Sustaining Business FAQs also states "If your business’ NAICS classification does not fall within a category listed as “life - sustaining” you may qualify for an exemption if your business provides goods or services necessary to maintain operations of a business on the life-sustaining list. However, no exemptions have been issued and with the new guidelines from FNMA, FHA, Freddie Mac, that would allow alternatives methods for this time
of the pandemic, it may be that there will be no exemptions made. Unfortunately, the lenders are not accepting these new appraisal exceptions for two additional appraisal inspection scope of work options, and I am still being asked to complete interior inspections. I am refusing all inspections in line with the Stay at Home Order. So far, all the appraisals ordered with inspections, the lenders are not accepting request to change assignment scope of work to fit in with the new temporary scope of work inspections flexibility. What is everyone else doing? Has anyone received an exemption to continue appraisal worK?

You are being asked to perform as an appraiser, so that you hold the liability.

If the lender issued a waiver or ordered a BPO, the lender would hold the liability for the "market value" in a "market" that is "closed" because "buying a home" is not an "essential" service.

As "the market" continues to decline, and homeowners wind up under water and start screaming,

do you think the lenders want to be standing there with a bunch of appraisal waivers and BPOs crying it's not their fault?

Or do you think they want a bunch of "certified" appraisal reports, that they can use to blame the "bad" appraisers for misleading them, concerning the state of "the market"?

And if you are really good at all the "classifications" for what can or can not operate in the state, you'll see that new construction can not operate at this time.

Cost Approach = 0 as of the day, because it can't happen

Can the improvements be replaced - as of the day? Nope new construction is not allowed.

How about the income Approach?

Short term rentals not allowed, and NEW RENTALS strongly advised not to happen, per the governor Link

Oh and if the tenants can't pay the rent, they can't be evicted either Link

So the Income Approach is NEGATIVE, because the taxes and insurance bills are still rolling in.

Oh, but you have some dated MLS sales, so, that's where the "market value" really is, right?

Cause everyone knows there is only one approach to value for residential properties.



Governor Wolf expands ‘Stay at Home’ Order to nine more counties

Stay home, not run and buy a house,
no matter how "essential" appraisers think they are, appraisers are certifying to an "Open and Competitive Market" that results in a Fair Sale, as the backing for their opinion.

 

[friendlyeddie]

What is everyone else doing? Has anyone received an exemption to continue appraisal worK?

Spoke with some other appraisers here, everyone is waiting on a waiver. I assume they are not going to actual receive one yet alone an answer. One is still completing interiors w/o occupants, others hoping for 2055's. I'm sitting on the sidelines as I'm not comfortable with the 2055 for most uses as we have no way to ascertain credible interior data really. The FNMA guidance for revised criteria was just a pretend glimmer of hope for appraisers. Glad to be home for a change and watch the world go by.

 

[Carnivore]

So this month i have had two vacant houses that Inspected. Yesterday I inspected a house that is occupied. The People were really nice and we discussed the health issues.

They were in Tune with me... When i got their they made sure the bathroom bedroom doors were open they waited outside while i walked around and took photos. The House was super clean inside and outside the yard and everything was well taken care of.

it was a small house. one level easy to measure on outside.

So I had a mask(motocycle rider bandana). They had home mask out of shower caps... Funny She made them herself.

Any rate.... i decided after I left that I was not going to do anymore interiors. We were very careful, and I did not touch anything, they stayed away from me and me them.

But you know .... Its just not worth it. I don't mind Vacant houses but no more occupied. Even with vacant I am going to spray down the door handles and not touch anything.

Frankly i am getting concerned about going to the Grocery store. One of them for sure their isles are too narrow. That's Food Lion. Publix on the other hand has nice wide isles and they have a lady who wipes down your cart with sani-wipe things.

Publix you don't have to touch the pay thing, just wave my Bank Chip card and bingo.

I don't need the money. i just can't do all the Cool things I do. Which doesn't matter because i am House Arrest anyway!

My County of 210,000 peeps has of right now 45 cases and one casualty My Gilrl friends county of about 40,000 peeps has 15 cases and no casualties yet!

Here is NC. This chart is very telling

North Carolina Respiratory Virus Summary Dashboard | NC COVID-19

www.ncdhhs.gov

 

[Riick]

Mr. Appraiser, said the Lawyer, is it not true that you KNEW, or SHOULD have known that developing a valid market value estimate, back, during the time of the COVID-19 lockdown, was impossible, and even attempting such violated several certifications on the appraisal form, as well as USPAP violations?

 

[Overimprovement]

All the powers that be need is for 70,000 appraisers to say all at once--sorry, we can't appraise right now, and even if we could, we can't, because the market is not what it was last month.

I am not speaking of health/safety issues here, plenty of threads for that. Only speaking to our desire to appraise in tough conditions. They certainly are not going to get any easier the rest of this year. Do we stop until unemployment gets to what it was pre-COVID-19?

We are creating appraisal reports for clients who are fully aware of the current market conditions. I don't think we should 'shut it down' when the going gets tough. We leave a door wide open to all those who want nothing more than to shut US down.

Not one state has decided to shut down banks, or lending, or closing loans. We are directly related to those activities, regardless of some NAICS code designation. I don't much care what some arbitrary state administrator says. If the mortgage industry gets shut down for months, get ready for the 1930s in the 2020s.

 

[Meandering]

As a self employed appraiser, you qualify for unemployment, yup, and you didn't have to pay in to it.

Each state has different, rules, requirements and governors making decisions.

here's PA's website; How does it differ from your state's?

Coronavirus in Pennsylvania

Get the latest, up-to-date information on COVID-19 from the Pennsylvania Department of Health

www.health.pa.gov

 

[TJSum]

Mr. Appraiser, said the Lawyer, is it not true that you KNEW, or SHOULD have known that developing a valid market value estimate, back, during the time of the COVID-19 lockdown, was impossible, and even attempting such violated several certifications on the appraisal form, as well as USPAP violations?

In the DC region, houses are still selling, even during the lock down, many areas are so short on listings, they get gobbled up right away once they hit the market, even now.

 

[Meandering]

In the DC region, houses are still selling, even during the lock down, many areas are so short on listings, they get gobbled up right away once they hit the market, even now.

There are jobs in the DC area.

And the change in personnel in certain employment/assignment jobs, just seems to keep rolling on.

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