Phil Crawford Podcast

[alebrewer]

The article that @DWiley shows indicates that it does use MLS, county records and its internal info. A sort of all of the above. Which means county records are worthless in non-disclosure states and any non-MLS sale there is opaque. Whatever. The bias, therefore, is still to the high side, right? Unless you count those nasty old racist appraisers. I guess I guess I am racist. I've only appraised 2 places where a black was an owner - both were wives of white men. Or could that be because there are few blacks living here? Maybe. I appraised a couple of estates owned by a gay, one who died of AIDS. My (female) partner was put out by his significant other though, "He's way too cute to be gay." I laughed. OTOH, one of my mentors was gay and she was terribly pretty as well as stacked like the proverbial brick outhouse. OTOH, she had the demeanor of the stereotypical gay - very judgmental. Her partner told me once that she couldn't work for her either. Then there were the two ex-nuns who lived together - only one bed. They were hilarious to talk too. Frankly, they are all just people. I don't get why it would ever impact your appraisals.

I saw that as well. I find that hard to believe, though, as you have to have special permission from the various boards to get access to their back end RETS feeds to 'use' their data, and to my knowledge they don't license that data to non-Realtor/Appraiser types. That's why you don't get any of the proprietary fields in the public sites like Redfin and Zillow (fields like sale price and concessions). Anybody can get property DNA stuff (year built, GLA, room count, site size), but again - it's my understanding that the MLS's don't license RETS feeds to non-Realtor/appraiser types.

That said, if someone said that the GSE's had strong-armed the MLS providers into caving - I'd not be surprised even an iota.

 

[J Grant]

Value Acceptance (Appraisal Waivers)​

View attachment 95251
Fannie Mae
https://singlefamily.fanniemae.com › display


PDF

Fannie Mae accepts the value estimate submitted by the lender as the market value for the subject property when a value acceptance offer is exercised. The ...

This is direct from Fannie

Why are people saying it is a homeowner estimate of value, or an AVM value, or a Home Explosreer value?

WE know an AVM is done, but the bottom line the point value is the value estimate by the lender or the SC price as the value

I have a problem with all the fuzziness and complexity of talking about that very plain fact. Just state it and own it and be done.

 

[TerryRohrer]

I saw that as well. I find that hard to believe, though, as you have to have special permission from the various boards to get access to their back end RETS feeds to 'use' their data, and to my knowledge they don't license that data to non-Realtor/Appraiser types. That's why you don't get any of the proprietary fields in the public sites like Redfin and Zillow (fields like sale price and concessions). Anybody can get property DNA stuff (year built, GLA, room count, site size), but again - it's my understanding that the MLS's don't license RETS feeds to non-Realtor/appraiser types.

That said, if someone said that the GSE's had strong-armed the MLS providers into caving - I'd not be surprised even an iota.

Wasn't it Austin MLS that found CoreLogic stealing their data a few years ago? Birds of a feather and all.

 

[alebrewer]

Wasn't it Austin MLS that found CoreLogic stealing their data a few years ago? Birds of a feather and all.

I believe it was Travis County (Austin's county) that had been taking the data with CL's consent and yep - there was a big todo with CL and ABOR.

 

[Fernando]

WOW, can you sterotype a little more???

Trump's era of no fact checking has started already.
This morning Zuckerberg from Facebook said no more censorship/fact checking. It's now up to the public to dispel misinformation. It's exhausting from experience in AF.
Zuckerberg appeasing Trump to no more fact checking. Let people say whatever they want whether true or not.

 

[alebrewer]

Trump's era of no fact checking has started already.
This morning Zuckerberg from Facebook said no more censorship/fact checking. It's now up to the public to dispel misinformation. It's exhausting from experience in AF.
Zuckerberg appeasing Trump to no more fact checking. Let people say whatever they want whether true or not.

And now they're going to do away with ATF. The wins just keep coming, huh Fern?

 

[Dublin ohio]

Trump's era of no fact checking has started already.
This morning Zuckerberg from Facebook said no more censorship/fact checking. It's now up to the public to dispel misinformation. It's exhausting from experience in AF.
Zuckerberg appeasing Trump to no more fact checking. Let people say whatever they want whether true or not.

You get to do that on the AF regularly. So what's the problem

 

[Fernando]

You get to do that on the AF regularly. So what's the problem

You could help in calling out the disinformation. You just let the lies propagate.

 

[George Hatch]

If it is the borrower's estimate of value and not the loan officer's estimate of value, it still is not an estimate of the point value from Fannie or freddie, correct?

I pasted from the Fannie website in these post - HERE IT IS IS

Value Acceptance (Appraisal Waivers)​

View attachment 95251
Fannie Mae
https://singlefamily.fanniemae.com › display


PDF

Fannie Mae accepts the value estimate submitted by the lender as the market value for the subject property when a value acceptance offer is exercised. The ...

This is annoying. They run their AVM and make their decision about the value before they extend the offer. You just acknowledged they run their AVM as part of their process.

 

[Dublin ohio]

Trump's era of no fact checking has started already.
This morning Zuckerberg from Facebook said no more censorship/fact checking. It's now up to the public to dispel misinformation. It's exhausting from experience in AF.
Zuckerberg appeasing Trump to no more fact checking. Let people say whatever they want whether true or not.

An intelligent person should be able to disseminate the information without having somebody else "fact check" it. Appraisers do that everytime we read a MLS listing