Short-term rentals

[alebrewer]

Well boo freaking hoo - I am not going to risk my safety or my license in these rare situations. As I said, I continued with some inspections even when I felt at risk, and looking back on it, that was nutz-risky and not worth it. It was a handful of times over two decades and I should not have continued. It was just dumb luck or me handing the situation okay, but again, it was not worth it.

I work for direct lenders, Not an AMC - and direct lenders have no problem in finding someone else to go out , usually the next day, because they treat their panel well and pay decent fees. Appraisal management companies typically shop for low fees and can treat appraisers like crap, so t might take a LONG time to get a second appraiser out to the property.

Um - I was agreeing with you, J... slow down and re-read the post. I was intimating that, when folks are mean to the appraisers on our panel, it takes me a LONG time to get an order reassigned. Take a breath and try to read the post before lashing out.

 

[J Grant]

Um - I was agreeing with you, J... slow down and re-read the post. I was intimating that, when folks are mean to the appraisers on our panel, it takes me a LONG time to get an order reassigned. Take a breath and try to read the post before lashing out.

Thanks for correcting me on it ! I am not a fan of AMC's so do always assume the worst when they are mentioned.

For me, it was a situation-by-situation deal - one time an owner was not mean to me, but was being overly manipulative - telling me in detail sob stories about his family and how they had to have this much $ from the refinance or could not pay their hospital bills and such -the icing on the cake when he was telling me I must include a dock in the appraisal - I thanked him for the info, left the inspection and called the client, told them at that point I did not think I could continue and that I Would not charge them for the inspection.

Typically, a problem with an owner comes from folks who have multiple refinances done like they use their property as an ATM and eventually hit a wall where they tap out on equity. Typically, these owners will produce some crazy high appraisal they had done recently, or it was listed recently and withdrawn, and they got 10 offers on the property for a zillion dollars and similar antics.

 

[alebrewer]

I am not a fan of AMC's so do always assume the worst when they are mentioned.

When was an AMC mentioned? I don't work for an AMC...

 

[BRCJR]

And I disagree. Which is why I spend enough time BEFORE accepting an assignment to know what I'm getting into. If you accept assignments without understanding what will be required, that's all you.

You will never convince me you had a full and clear understanding of every assignment you accepted unless all you have done is tract homes.

 

[J Grant]

When this happens - and speaking from the appraisal management side - I've found that it usually takes a LONG time to get a 2nd appraiser out to the property. And the more agitated a Realtor or homeowner gets - the longer it takes.

Speaking from the appraisal management side - AMC is appraisal management.

 

[Dublin ohio]

Speaking from the appraisal management side - AMC is appraisal management.

All poodles are dogs, all dogs are not poodles

 

[alebrewer]

Speaking from the appraisal management side - AMC is appraisal management.

So is direct engagement...

 

[Tom D]

You will never convince me you had a full and clear understanding of every assignment you accepted unless all you have done is tract homes.

Big urban, doing this about 100 years. I don't even have to see the property physically to give you an accurate value. See1 row home seen everyone surrounding it.
My clear understanding is that you pay my high fee for all them easy little row homes i do in my privileged appraiser life.

 

[Terrel L. Shields]

This is the key. It's when appraisers go ghost mode that makes folks lose their minds.

That's what bugs me. I knew an appraiser who refused to answer the phone if she was behind. Drove her clients crazy and after doing this for a year or two, she was dropped from all the local bank vendor lists. She only got the occasional private assignment and AMC work at a reduced price. The local banks would have kept her busy if she had just taken them as a priority over some random AMC.

I recommended a new guy to someone, and he failed to show when he said he would. He provided the report 2 days after the client had to make an offer good. She just wanted to know if the Realtor's SF was right. And it wasn't. Off by 200 SF. 15 years later I have yet to recommend him to anyone else since.

 

[alebrewer]

The local banks would have kept her busy if she had just taken them as a priority over some random AMC.

Exactly. I can deal with ignorant. I can deal with a past due order. What I can't deal with is lack of communication. That'll get someone tossed off the panel quicker than anything - except maybe aggressive behavior.