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RI appraisers

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resiarppa

Freshman Member
Joined
Dec 18, 2007
Professional Status
Licensed Appraiser
State
Rhode Island
Thought I would start a RI thread to see if any other appraisers from RI are on the forum. Just wanted to say hello.
D
 
RI appraiser here. There must be others!
 
How's it going out there D?
Things better/worse/the same? refis seem to be picking up.

I'm inside doing review work.
 
Hi Bob, It is extremely slow for me and I am not seeing much of a change. The rates are good and it seems prices are favorable. I not sure how much longer I can hang on....
D
 
hello

I'm a Rhode Island Appraiser. The last few months of 2007 were tough, but It has picked during this small refi boom. I'm keeping busy with quite a bit of forcloseure work in Providence, however, most of my work is done on a fee split basis.

Jeff Costa
 
Hi Jeff.

I had a little activity with the rates changing in January, I wish I could get a piece of the foreclosure activity. The legal listings in the projo lead me to believe that you and others are busy...
 
REO

All the forelosure work I do is for Countrywide. I dont think they are accepting new apps at this time, but you never know. The REO's are not usually easy and take some time to write, as most of the time the properties are in a bad state of repair. An REO addendum and estimated cost to cure needs to be completed on each property. But I'll take whatever I can get in this slow time.. I will keep you in mind if I here of anyone needing help..

Jeff
 
Jeff, Thanks, I don't think anyone is looking to add new vendors in this real estate economy... thanks for the thought and definately let me know if you here anything...
have a great weekend!
D
 
You'll need to chase the investors for review work. Much of the recourse/repurchase stuff starts by the investor obtaining a field review of the appraisal associated with the non-performing loan....then the lender or insurer in question may even seek to get their own review or appraisal. Even if some folks are not taking on new people, I'd ask anyway - circumstances can change quickly. Good luck guys...hang in there, it's just another cycle, albeit a painful one this time around.
 
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