Underwriters and their hang up with Predominant Value

[PropertyEconomics]

All right, I gave you rep points for that post....

what more is there to say about that .... you da man .... thank you Eli.

 

[Bearslide]

All right, I gave you rep points for that post....

Bearslide, like PE's post? then rep it....

You're right - I keep forgetting that feature - definitely deserves rep points! I'm still laughing

 

[Caterina Platt]

You're right - I keep forgetting that feature - definitely deserves rep points! I'm still laughing

Me too. I'm writing my addenda response right now, and actually had to click back here to get another glimpse.

Hmmm. Anything I could kinda let slip in here....hmmmm......I'm liking the:

As in housing, based upon the appraisers experience, both underwriters above and below the predominant intelligence level are in demand and thus are considered to be employable. The subject home, is much like you, below the neighborhood range but still marketable.

:icon_evil:

 

[Eli Weiss]

PE, it's getting better every time I read it, I already saved it, it's a classic
I wish I can rep it for time I read it....

 

[Bearslide]

Maybe it's because it is late and I am brain dead trying to explain a hairball property, but this thread is just hilarious. I keep picturing an underwriter trying to fathom what PE wrote and not getting it..........

 

[Bearslide]

PE, it's getting better every time I read it, I already saved it, it's a classic
I wish I can rep it for time I read it....

Ditto. This ranks right up there with the "You can't stand the truth" from awhile back.................

 

[Caterina Platt]

Mental Incureable Obsolesence, aka MIO. A keeper.

 

[hal380]

Hey you guys ....The real answer is that underwriters are STUPID. Why beat around the bush?

Hal

 

[c w d]

While I understand how the lender views predominance and what significance a predominant value may represent I think there is way too much emphasis placed on it by the lender. However, if one were to use a narrowly defined neighborhood area this should help alleviate the inconsistencies to an extent. When the predominant value is not supportive of the opinion of value a comment is required. It's a simple matter to explain. Explain and move along. If the UW still complains about it after that then one much ask "Does she float like a duck?"

 

[Thomas Fiehler]

Just another reason why I ALWAYS express the "predominants" on the forms as a range.