Supplemental REO Addendum

[JSmith43]

So, that was too subtle?

 

[J Grant]

Too bizarre, comparing appraising to ice cream!

 

[JSmith43]

Didn't like the story about the appraiser giving clients the same flavor, no matter their needs/desire?


If something walks like a duck and quacks like a duck, it....(choose 1 theory):


1. It is most likely a duck

2. It might be a mouse

 

[CANative]

Mentor... JGrant is almost a very good appraiser. Obviously she is intelligent and writes very well. The problem is that she has not yet ascended from the forms for lenders world to a point where she can look down from on high at what appraisal really is and see the magic and freedom from fear that is "real appraisal."

 

[J Grant]

thanks for the compliment, Canative !

I got the point Smith, but...

Can't post more now as very behind on my work....:Eyecrazy:

 

[JSmith43]

Mentor... JGrant is almost a very good appraiser. Obviously she is intelligent and writes very well. The problem is that she has not yet ascended from the forms for lenders world to a point where she can look down from on high at what appraisal really is and see the magic and freedom from fear that is "real appraisal."

I'll stop nagging her for a while. Looking down from high is over rated anyway!

Jgrant, go make some money

 

[Joyce Potts]

Ok, then let me ask this. If using the 1004 with the definition of MOST PROBABLE SELLING PRICE, can the client ask for a probable selling price within different marketing time parameters if it's different than typical OR ask for an AN IS and AS REPAIRED value via a client assignment condition? At what point does the client assignment condition become a conflict with the definition of Market Value in the 1004?

 

[Mr Rex]

Ok, then let me ask this. If using the 1004 with the definition of MOST PROBABLE SELLING PRICE, can the client ask for a probable selling price within different marketing time parameters if it's different than typical OR ask for an AN IS and AS REPAIRED value via a client assignment condition? At what point does the client assignment condition become a conflict with the definition of Market Value in the 1004?

Yes. When the definition differs.

 

[Mr Rex]

I'll stop nagging her for a while. Looking down from high is over rated anyway!

Jgrant, go make some money

yes, there is an obvious hangover from whatever was the drug of choice...:new_smile-l:

 

[J Grant]

Joyce, I think that was Lee's original question on the OP...but you phrased it well. Diff people have provided diff answers throughout the thread.

Is there a definitive "right" answer? I

Imo, depends on the market conditions, and marketing times in play whether the answer is affirmative, answered on a report by report basis.