Phil Crawford Podcast

[J Grant]

FWIW, I do not assume Waivers are driving prices up, but I suspect that they are in some areas.

1) because as long as it falls within a FF AVM (which nobody else sees) the sale contract price is the value of a WAIVER 100% of the time, and some SC prices are not the value in an appraisal

2) There were two times from a client when I had an order canceled because the borrower decided to get a waiver. I already had the SC price and contract in both cases and both were high and very borderline on whether they would appraise for specific reasons, I never got to find out if I would have appraised them to SC price or not since the orders were canceled, but the WAIVER sure had their values as the SC price

3) The specific reasons for each SC price as a mix in each community of properties - in one case, ver age 55 sales with all age sales, in another case a very new phase of the homes with an older phase in the same subdivision. I had no idea if a prior high sale, which I picked up in the research, was based on a WAIVER or not, and once the order was canceled, I did not try to find out.

The point is, if a prior high sale was incorrectly valued due to a WAIVER, it sets the comp prices for the next high sale.

 

[Non Sequitur]

 

[J Grant]

Unless someone is going to pay me, and it would be expensive, I am not going to devote unpaid hours every week for months up to a year to comb through data and trying to find out which sales used a WAIVER by contacting very party and MLS and hound them and then hope they give me the info. It would be extremely time-consuming. It is so daunting and time-consuming a task, that it is not being done, by anybody that I am aware of.

It is a good strategy then for or hose advocating for WAIVERS to not disclose them and make them instantly findable as other forms of fiannc are - if nobody is willing to or able to tackle the ardous, time-consuming unpaid task and apply it long enough on a wide enough scale to see results, then they can keep claiming there is no evidence WAIVERS are affecting prices.

 

[Zoe]

Zoe, I can't stress this enough. STFU.

I never met a Jew like you. Are you pretty?

bluechip could have many meanings.

Your killing me.

 

[Non Sequitur]

 

[Non Sequitur]

I never met a Jew like you. Are you pretty?

Shameful. You should be banned for this post.

 

[Surf Cat]

The point is, if a prior high sale was incorrectly valued due to a WAIVER, it sets the comp prices for the next high sale.

The waiver process being relatively new, appears to not have been thought out too well.

The lack of transparency makes it seem so shady....

The excerpts that Mr Crawford utilized of DW in this podcast imo didn't alleviate that Waivers aren't shady..... that being said, they could have been taken out of context as I didn't watch that full interview that Phil took the excerpts from.

 

[Zoe]

Shameful. You should be banned for this post.

Do you know Jesus?

 

[Zoe]

I think 2025 says Jesus has birthrights as a Jew. If I am wrong, correct me?

 

[Surf Cat]

It appears Zoe is not done digging himself deeper....