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- Thread starter markgraybill
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Eli
Elite Member
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- May 12, 2007
- Professional Status
- Certified General Appraiser
- State
- Tennessee
Don't be stupid if you are waiting on banks and health insurance companies to save you.
Eli
Elite Member
- Joined
- May 12, 2007
- Professional Status
- Certified General Appraiser
- State
- Tennessee
Let the government take them over and that problem would be gone. Those oligopolies would be gone.
Play right according to laws and regs or don't play at all. You can't have a communist type society and treat it like a democracy society. It just don't work that way. The Sherman Antitrust Act was put in place to prevent it from happening. But, here we are. Let the government take over health care and banking or at least appraisals on the banking side. The appraisal profession would benefit greatly. If they took over health care, everybody would benefit based on other nations cost per capita and how healthy they are (nations who have govt healthcare).
Play right according to laws and regs or don't play at all. You can't have a communist type society and treat it like a democracy society. It just don't work that way. The Sherman Antitrust Act was put in place to prevent it from happening. But, here we are. Let the government take over health care and banking or at least appraisals on the banking side. The appraisal profession would benefit greatly. If they took over health care, everybody would benefit based on other nations cost per capita and how healthy they are (nations who have govt healthcare).
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markgraybill
Freshman Member
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- Jul 26, 2016
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- General Public
- State
- Washington
Well, this thread turned out to be something else entirely.
In any case, as I mentioned, the appraisal has been picked up, but isn't due back until 9/16. We have asked our lender if we can offer a rush fee to the appraiser that would incentivize the quick processing of our appraisal. The lender "checked" on that scenario for us and said that we could pay a rush fee in hopes that a different appraiser would pick it up, but there apparently was no option to offer this fee to the appraiser who has already agreed to take it. Worse yet, if a new appraiser didn't pick up the new rush job, we'd lose the money altogether. We don't want a different appraiser to pick it up, we just want the opportunity to give our appraiser an incentive to move the due date up.
Does anyone have thoughts about how to proceed. We may be stuck, but gosh it would be so much easier if we could actually relay this to the appraiser.
In any case, as I mentioned, the appraisal has been picked up, but isn't due back until 9/16. We have asked our lender if we can offer a rush fee to the appraiser that would incentivize the quick processing of our appraisal. The lender "checked" on that scenario for us and said that we could pay a rush fee in hopes that a different appraiser would pick it up, but there apparently was no option to offer this fee to the appraiser who has already agreed to take it. Worse yet, if a new appraiser didn't pick up the new rush job, we'd lose the money altogether. We don't want a different appraiser to pick it up, we just want the opportunity to give our appraiser an incentive to move the due date up.
Does anyone have thoughts about how to proceed. We may be stuck, but gosh it would be so much easier if we could actually relay this to the appraiser.
techbiker
Junior Member
- Joined
- Dec 4, 2015
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- General Public
- State
- Texas
You might try contacting the seller to see if the appraiser has reached out to them yet. Then you could reach the appraiser directly. I am not sure about the legality of offering rush $ to the appraiser directly though.
P.S. Although I am a libertarian, I have to agree with Eli that our current system is so over-regulated that it might actually be better off if the government totally called the shots. lol After over regulating our healthcare market with Obamacare, liberals are pushing a "single-payer system" as a solution to its regulatory inefficiencies!
TRESinc
Elite Member
- Joined
- Dec 1, 2011
- Professional Status
- Licensed Appraiser
- State
- Ohio
based on my experiences i don't think the lender is telling you the whole story. i have had several times where a client has called me and offered me an additional "rush fee" to get an assignment done faster. most of the times i could oblige them and put it on top of the pile, but not every time, so the option of doing that is very possible but ultimately up to the appraiser and how they choose to run their business. appraisers are independent contractors so they get the final say, however that is greatly influenced by the relationship between the lender/client and the appraiser/firm. of the 5 clients i have i would not hesitate to perform a rush job for 4 of them but the 5th, not so much.
if the order was assigned to a new appraiser the clock would start over so there is no telling how fast you could get it back, if any faster than what you may already be dealing with. the possibility is always there, just no want to guarantee it even with a higher fee. things have started to slow down a little in my market but we are still pretty busy. i have no clue why they would keep any additional funds you contributed for a rush if the rush was not accepted, that makes no sense at all. it's something else that raises a red flag with me and makes me wonder about the lender and their practices.
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