Pre-Stipped!

[38Scarcello]

How come I get the feeling that a report I completed
last week was 'stipped' before I even sent it over?

Tri-level home:
1st comp was smaller above grade that sold 03/05/08 (0.03 MI)
2nd comp was similar above grade that sold 03/14/08 (0.26 MI)
3rd comp was larger above grade that sold 04/30/08 (1.00 MI)
4th comps was a similar home all around "active listing" (0.15 MI)

"Appraiser to explain why AVM comp located at zzz, sold 12/07 is not a valid supporting comp" Ummm..it's dated????

"Appraiser to provide one additional closed sale that has sold in the subjects immediate market area within the last 9 months that is a tri level and closer to subjects sq. footage" They must mean adjacent homes
for immediate market area.

Picky Picky! I feel better now. It's going to be an easy rebuttal,
but overall I have better things to do.

:new_snipersmilie:

 

[OSU Beavers]

AVM comp, what lender or AMC asked that?

 

[Mike Garrett RAA]

If they have all the answers, why even bother with an appraisal?

 

[bart nathan]

If they have all the answers, why even bother with an appraisal?

no shXX!!!

They ask for your opinion of value then they tell you that it is not correct?

I LOVE REO APPRAISALS (NO BULL)

 

[38Scarcello]

I got another one (I think it was Provident) where
they wanted me to type up an addendum analyzing
the last 3 years for the subject property. Are you
serious here? Did we not read the report folks????

 

[Terrel L. Shields]

up an addendum analyzing
the last 3 years for the subject property

you are supposed to do that if you are referring to the sales history...

If it is post report then I would bill them first and say no pay, no play

 

[38Scarcello]

you are supposed to do that if you are referring to the sales history...

If it is post report then I would bill them first and say no pay, no play

I am referring to the sales history - under the sales grid.
Basically, copy and paste from the report.

m2:

 

[Jim Onderisin]

They've been telling appraisers what to do for years? What's the suprise?

 

[c w d]

It probably wasn't stipped before you submitted it. It was stipped 10 seconds after it was run through the automated checks. Lets be realistic.

Respond just as you have here....it's dated.

 

[Restrain]

My wife has had reviewers admit that they didn't read the report before sending back stips.