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Reviewing a Poor Appraisal

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G-man

Member
Joined
Feb 4, 2002
Professional Status
Licensed Appraiser
State
Ohio
I am in the same situation at the moment. I am presently doing a review of a residential appraisal by an appraiser notorius for inflating values. He says $75,000, I say, IMHO, about $25,000. :roll: He seems to be pulling every trick in the book, using old comps in superior areas, comps that have been completely renovated compared to the flea trap of a subject. I would be willing to turn this into the state, but I feel as if I should talk this over with my boss first. Wouldn't want to go over anyones head. I am just curious as to what my involvment in such a situation would be? I haven't the remotest clue as to how I would go about such a thing. Is it difficult/time consuming? I would like to nail the sucker to the wall, as this kind of crap makes my job much more difficult, ie. "we just had it appraised last year for $20K more than what you came in at, what are you, stupid or something?" Me, "Or something. It's called honesty. I learned it in Boy Scouts". That, and I don't get paid enough for reviews anyways. :wink:
 

bobburnitt

Junior Member
Joined
Jan 16, 2002
You do what you think is right,

If you have them nailed on specifics, you've got 'em. You go ahead. Whether or not that will lead to a sastifying action, well, I kind of doubt it. One thing is for sure, if you do NOTHING, NOTHING will happen.

BB in Texas
 
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