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WHAT'S UP with DOCument numbers?

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Blue1

Thread Starter
Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
I have always provided document numbers for the comparables on my reports however, recently, with the market "explosion" in my area, our county has been lagging in reporting this data. Our local MLS holds realtors liable for this information so I have been relying on their data alone in cases where the county has not "gotton around to" posting this information. Does everyone provide Doc numbers? I have spoken to other appraiser in my area that say they never do. Am I a sucker? :oops: What say you all (please be gentle)
 

Lee in L.A.

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
I've always provided doc #'s. Sometimes it takes a call to the title company that handled the closing, especially when it's new construction. If not new construction, it's usually in one of the public records database we use in a few days. Although I had someone at the main one (Win2Data, First American, whatever) tell me LA county was one of the most up to date in their system as far as closing info. (Property characteristics like GLA etc, not so hot.) So you may not be so lucky in FAR north CA in that respect. I will admit what I've seen of your scenery is very fortunate. You know, lookin' good. 8)
 

Blue1

Thread Starter
Elite Member
Joined
Jan 14, 2002
Professional Status
Certified Residential Appraiser
State
California
Lee,

You're right....scenery good.....data...well...not so good.. :lol: Seems folks from "lower California" (not meant to be an insult) are moving up here in droves. Great for our Market :lol: Not so great for our County minions :?
 

Frederick R. Ruffell

Senior Member
Joined
Jan 21, 2002
Professional Status
Certified General Appraiser
State
California
I first started out in the appraisal business in the S.F. Bay area and was taught that Doc #'s together with the MLS#s are your way of showing the reviewer that you have used 2 data sources (per USPAP). Also, I always include the APN #'s of the subject and Comps. This makes the reviewer's job easier. As a reviewer I always appreciate when ever the apprisal under review has the necessary items displayed prominently displayed.
Loving San Diego and missing the Bay Area.
 
A

Anonymous

Guest
Here in wonderful New Jersey we don't have document numbers or APN's.
The local assessors refer to properties by block and lot numbers, deeds and mortgages can be referenced by book and page numbers IF they have been filed at all. Neither of these sourses provides much information about the transaction so I reference comparables by MLS number. If the comparable information did not come from the MLS I note "public record" on my report and keep my notes in the appraisal file.
 
A

Anonymous

Guest
Here in wonderful New Jersey we don't have document numbers or APN's.
The local assessors refer to properties by block and lot numbers, deeds and mortgages can be referenced by book and page numbers IF they have been filed at all. Neither of these sourses provides much information about the transaction so I reference comparables by MLS number. If the comparable information did not come from the MLS I note "public record" on my report and keep my notes in the appraisal file.
 

Lee in L.A.

Elite Member
Joined
Jan 24, 2002
Professional Status
Certified Residential Appraiser
State
California
The local assessors refer to properties by block and lot numbers,
So does everything use lot and block legals in NJ, Walt? Just wondering.
I wish they did here, but in some areas they have ridiculous metes and bounds legal descriptions. I had one recently where the legal sent by client was 3 letter size pages, single spaced, and totally incomprehensible. Then the plat maps that are just a bunch of rectangles, or irregular shapes. OK, this one is mine, but where is it in these mountains? :(
If it wasn't for the APN, those would be even more of a pain. Not to whine, I know some of you have much harder time getting the info you have to have to do the job than I do. :wink:
 

jtrotta

Senior Member
Joined
Jan 16, 2002
guess the west isn't always the best, ehhh

it's map / block & lot # here; plus we strick in the deed page and I usually put in the mortgage amount, keep all notes in my folder on the Lender's and anything else I feel may be of a future use :lol: :lol:

8)
 
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