Poll - How Likely Are You To Retire Before Implementation Of The Uad 3.6 Abomination?

[Tom4value]

Like Fernando, I am an old appraiser. When people ask me how long I have been appraising and tell them over 35 years, I say, “it is because no one told me to stop!”. I say that only half jokingly.

In that time, there have been many changes when my peers have said, “that’s it! I am out!”. I always said, “well, let’s see how bad it is. No one told me to quit”. I am going to give it a shot, like I have done with all of the other changes. I figure there are three outcomes.
1. It will be just fine.
2. I tell me to quit.
3. The State Board tells me to quit.

I am hoping for option 1 or 2.

 

[alebrewer]

Working through the 3.6 on SFREP. It's a desktop application - not nearly as advanced as AIVRE, but for folks that like the old school 'feel', it's pretty intuitive. I don't dislike it - just takes longer to go through one than with AIVRE.

 

[Fernando]

Got a request to do an appraisal with an ADU and a converted garage. Just reading the description of subject got me confuse. AMC wanted me to do it a certain way with cost to cure.
I easily rejected it because I can't do it my (Fernando) way.
Can't imagine how to deal with this oddball property under UAD 3.6 Abomination.

 

[Dublin ohio]

Got a request to do an appraisal with an ADU and a converted garage. Just reading the description of subject got me confuse. AMC wanted me to do it a certain way with cost to cure.
I easily rejected it because I can't do it my (Fernando) way.
Can't imagine how to deal with this oddball property under UAD 3.6 Abomination.

The:"form" is changing not the methodology. Adapting to a new "form" shouldn't be a problem for somebody with two degrees. But then again.....................

 

[Fernando]

The:"form" is changing not the methodology. Adapting to a new "form" shouldn't be a problem for somebody with two degrees. But then again.....................

Instead of changing the form, Fannie should figure out how to deal with ADUs. Still confusion out there for appraisers and lenders in dealing with these real world issues.

 

[Dublin ohio]

Fannie should figure out how to deal with ADUs

No confusion here. Fannie is quite clear on what constitutes an ADU. Sorry you're confused. But that's a you thing not a Fannie thing

 

[Fernando]

No confusion here. Fannie is quite clear on what constitutes an ADU. Sorry you're confused. But that's a you thing not a Fannie thing

I have been doing ADUs longer than you and I have seen the changes.
Currently lenders seem to make up their idea of ADUs even though Fannie has their way.
And many in AF still have questions on ADUs showing Fannie's failure in clarity.

 

[Dublin ohio]

I have been doing ADUs longer than you and I have seen the changes.

I doubt it. But if you have been doing them for so long. Why are you still confused

 

[Fernando]

I doubt it. But if you have been doing them for so long. Why are you still confused

Because lender's view on ADUs keep evolving over the decades at least here in CA.
Before, having an illegal ADU would have ended the loan.
Now lenders willing to be more lax in allowing all kinds of ADUs.

 

[sputnam]

Instead of changing the form, Fannie should figure out how to deal with ADUs. Still confusion out there for appraisers and lenders in dealing with these real world issues.

So... you think that Fannie/Freddie should do it your way? Delusional much?

Bottom line, if you intend on doing appraisals for the GSEs, you have to learn how to deliver an appraisal report using the New URAR and UAD 3.6.