Provided copy of appraisal from 9 months prior

[Zoe]

Not always, I don't take coffee or tea or bottled water or cookies. Not relative subject property data.

Sorry, I just ate and drank some liquids. I'm full. Thank you though. That was very kind of you.

 

[Zoe]

People that work cookie cutters don't understand differences in location. I can almost promise you this homeowner would understand the situation on location.

Not confidential information to my client.

 

[Zoe]

Hell, you should work Memphis and Shelby County.

One street in Memphis urban can be huge on differences in location.

I don't make the market. I read it.

Do you understand Mr. or Ms. homeowner? yes I understand the difference in location.

Okay, I can't discuss anything further with you due to confidentiality agreement with my client.

 

[Zoe]

MV value definition and fee simple rights takes no prisoners. MV definition requires H&B use analysis.

 

[Tom4value]

Yeah, that is an idea. Let borrower take both appraisals to their lender and then let lender call you and you explain to lender what the other appraiser did and why your appraisals are different. Let your client(the lender) know what the other appraiser did. If the lender is familiar with the area, they will know that is what happened. Let your client know the borrower gave you a copy of prior appraisal.

The borrower probably already did give it to the lender!
I guarantee that when the loan officer called the borrower to tell them the bad news, the first response was, “I had an appraisal done 9 months ago. Wanna see it?”.

To you and the OP: The fact that the appraiser called you (appraiser) directly means they ran out of options with the lender and are calling you as a last resort. That means that the lender is already on your side. No use arguing when you already won.

 

[Tom4value]

As long as I don't discuss value and confidential information with the homeowner, no problem.

True, you are not in any USPAP violation by reading it. I think the point being made is by telling the owner, “yes, I read it”, begs the next question of, “so, what did you think?”

Not my clown, not my circus.

 

[Fernando]

We haven't heard from OP. There may be more to the story. Is subject property unique which is why other appraiser had to get more "suitable" comps out of the neighborhood?

 

[Zoe]

We haven't heard from OP. There may be more to the story. Is subject property unique which is why other appraiser had to get more "suitable" comps out of the neighborhood?

I left that part out but yes.

You don't know how heterogenous Shelby County is relative to real property values. Many appraisers don't experience that.

 

[Zoe]

We haven't heard from OP. There may be more to the story. Is subject property unique which is why other appraiser had to get more "suitable" comps out of the neighborhood?

I picture where you live being a very homogeneous area relative to real property values. I could be totally wrong.

 

[Zoe]

Okay, geo competence is not in USPAP, but I know.

I have no problem explaining how much I know about GEO competence.