Yeah, how about anything that is not available from a public source. The former Steering Director fopr the Appraisal Institute stated firmly that anything that is an analysis by the appraiser is also confidential.
IF you get a letter from current client(s) specifically stating the you have their permission to use one or more of the Appraisal Reports that you have completed for them as samples for other lenders, you can then sent the complete report.
I have some that I did as samples for a class that I do for new Realors where I changed the names and such and made it fun to read. This is something else you can do but it's not very serious. such as: 123 Old Residential Street - Out to Get Ya Mortgage Co. - "Iwanna Buy" for the borrower - etc. Makes the class fun at least.
O.K., so you are about to submit samples. There should be lots of bold black lines covering up the essential items to conceal and by the end of doing that your sample is going to be quite ugly and not very inviting for anyone to read. Sad reality to consider is that very likely no one will ever look them over and give them a fair shake...because the person you give them to has someone else to whom they must give them and that person is very busy with other things and just may not be able to "get around to it". That decision maker may even be in a different office building or a different city. There are two other options to consider which do not require blacking-out and uglifying the report. Appraise your own home as if you know it well but have no logical reason NOT to simply conclude its most-probable selling price and share that with the prospective client. Put the word "S A M P L E" on it in big letters to clearly identify that fact. Put in their name and address as client, and say it is for an equity loan and that it is a full appraisal with interior and exterior observation and analysis of comparable sales in your market area. Second option is to offer to do an appraisal for them for an imminent and needed order fulfillment, and acknowledge that it might be a "second opinion" they could consider. The homeowner may wonder why two different persons came to their house that day (don't overlap your visits !). Client may just like your appraisal better---because it's better ! --- not because your value was necessarily higher, and decide to use your report. You can perhaps discuss a fee only if they use your report !
Pamela's suggestion (get permission), is the best solution. IMO, doing demonstration reports and updating them as neccesary is a good alternative solution. Blocking out client and borrower names is a poor solution because it isn't enough.
Not that anyone ever actually reads the sample reports :twisted: . Or that sample reports are automatically an indication of what that appraiser's work looks like on a daily basis.
Clone or copy a report. Go in and change all identity items...any address, any name, lender's & client info. You now have a report without the black lines. All data is legit, except for those identity items. Report looks good. No one is identified so no one complains. The only thing I have found that I have to black out is the addresses on the map. I solved this by editing the map "balloons".
Saved on the computer is one of every kind of report I do. When someone says they want a sample, I just go to the special folder and print out the report(s) I want. I can even email them. Same samples can be used over and over. Oh, I do update the a/o date and date signed each time to the day I print it out...this makes it look very current.