Sounds like MN is joining the Dirty Board List

[lisagruhot]

The problem with this is that we don't know the facts of the case and haven't seen both the appraisals, so no one here can make any informed comments on the situation.

The facts that Kerry originally posted are the facts. I didn't want to get into this on here at all because I knew that some people would automatically think that there had to be more to the situtation. There isn't more to the situation. I also saw that someone on here thought that a 3k fine was not excessive. I can guarantee you that you would think it was excessive if someone was accusing you of something that was not true. You would think it was excessive if someone was accusing you of not stating something in your report when you actually did and you are staring right at the copy of it that shows it.

 

[lisagruhot]

If my last post came of rude I am sorry. I didn't mean for it to. I am very sick today, and I am in a grumpy mood.

 

[Vegan702]

$3k isn't excessive assuming there are errors in the report that warrant discipline. However it appears from what Kerry and Lisa are saying is there were no significant errors so I guess in that case the $3k might not be warranted, who knows.

 

[kerrylanger]

Exactly!

$3k isn't excessive assuming there are errors in the report that warrant discipline. However it appears from what Kerry and Lisa are saying is there were no significant errors so I guess in that case the $3k might not be warranted, who knows.

Why is there a fine when the mistakes they are claiming the appraiser made don't exist? Maybe with all of the future people not renewing their licenses coming up, sombody is going to be hurting for cash. Sounds like another fundraiser to me.

 

[KYLECODY]

3K come on. Thats a large amount of money. Thats a full months salary for the "average American". A speeding ticket costs $150 and you type CONV financing instead of cash and get docked 3k? Thats hardly justified when most Boards would dismiss that "complaint".

 

[Boonders]

Sounds excessive to me.

 

[Tim Schneider]

In Southern California, the tax records from the various data sources indicate not onlly the sales price and doc number but also the mortgages on the properties as well as the type of financing. If MLS says conventional and Assessor's data says VA I will call the agents to verify which is correct. The problem appears to be that in some states this data is not available and makes it much easier for an agent to manipulate the data. Is this data available in Nevada?

And would you adjust for a comp selling VA when the subject is conv? I agree that one needs to verify the sales price, but what difference does the type of loan really make?

 

[CCAAMO]

And would you adjust for a comp selling VA when the subject is conv? I agree that one needs to verify the sales price, but what difference does the type of loan really make?

The impact may be nothing or it could be something. It all depends on the the loan fees paid, who paid them, were they rolled into the sales price, did the seller carry back a second to make the sale work and as a result raised the price, etc. It used to be VA and FHA added certain loan costs to the sales price so they could be included in the loan. It all depends, but you don't know until you examine and analyze the available sales and financing data for the sales comparables.
:new_multi:

 

[Ray Miller]

My self I think 3K is a bit steep.

 

[Webbed Feet]

Some people can not deal with descent.

Mr. Vertin,

I agree! Even though I am feeling mightly low today myself, I'll just have to deal with it.

Webbed.