What To Redact For Sample Reports

[JasonHaskell]

I have a potential client asking for sample reports that do NOT have the address of the property redacted. They claim that as long as I redact the owner name and lender name that I will be in compliance. I don't really feel like this is correct, as with the address anyone can find the owner's name. So I'd be giving out confidential information at that point.

Thoughts?

 

[Tom4value]

You are correct......in my opinion. Your report gives your opinions, which is confidential information. I will give the community because they will want to know where I appraise but not a specific property they can tie it to. All my samples have an address of “123 Main Street”.

 

[Tom Woolford]

Leave the house number on there and confidentiality is out the window. I delete name, house number, legal, PID, client.

 

[Tom4value]

Leave the house number on there and confidentiality is out the window. I delete name, house number, legal, PID, client.

Correct, I forgot to add that to my post. Anything that would give away the identity of the property I remove.

 

[Deleted member 77547]

I redact everything that can identify the property. Property address, lender, PIN, maps, legal, owner's names, replace subject photos, etc. I generally do a search to make sure I have it all.

 

[Mr Rex]

If you don't redact the address or other property information, you would be revealing assignment results. Simply removing the borrowers name is likely a violation of GLB laws as well. The requestor is an uneducated idiot

 

[Ahhhh Yeahhhh]

Just get permission from client A to send a report to client B to be used as a "sample" report for fee panel approval. I have never had a client refuse. That being said, some clients just want to see if you redact anything as that makes them think you are smart... so if you then in turn send them a redacted report accompany it with your written permission to use the report as a sample.

 

[Charles Decker]

I have a sample report ready to send at any time it is needed. I did my own house. I actually chose a couple of difficult comparables to show my writing style. I have a statement that this is a sample report only and is not to be relied upon for any type of mortgage transaction.

 

[Elliott]

A half dozen XXXX's makes it impossible to figure out the subject property.

 

[Terrel L. Shields]

Facts are not confidential. Opinions are. To present any opinions, the facts need expunged. To present facts, the opinions must be redacted. Catch-22. Ask for a release from the bank, or create samples using friend's or family homes.