Who else is dead slow lately?

[Fernando]

Time to dust off the old Do you take your shoes off? thread.

The dire sad direction of where our nation is heading eclipses the "minor" appraisal issues we are facing.
Missed when Biden was in office when life was more stable and we can concentrate on appraising.

 

[Fernando]

You can blame that on Charles. He's all political in AF.

And we can't forget Glenn with his Russian propaganda.

 

[TC]

The dire sad direction of where our nation is heading eclipses the "minor" appraisal issues we are facing.
Missed when Biden was in office when life was more stable and we can concentrate on appraising.

Yes, but it's still a burning issue.

 

[Fnbpos]

Depends on your definition of slow? Same market as the person starting this topic. January and February orders are about the same—higher than Nov/Dec. There are more orders coming in each day that we can accept (staff of 8)—about 50% direct lender orders, 30% AMC orders, and 20% private orders. I'd say 75% of the AMC orders are direct non-bid orders; the others, we win the bid. Most orders requiring bidding—we do not "win"—the usual suspects are involved. This is a hot area (South Florida)—lots of money flowing in—West Palm Beach is growing up fast—we have been contacted by five new lenders, in the first 2 months of this year (new to us) who are entering this market—opening wealth divisions for all the "high net worth" customers down here. The orders are there; we need a dedicated person just to take in the orders and figure out if we even want to bid; obviously, some assignments are not worth the time.

Regarding waivers, none of our direct ordering clients, that I have asked, have indicated more than 15% of their loans receive an appraiser waiver. None thought appraisal waivers were significant; most are not sold on the idea of even using the waiver. (When Fannie Mae requests a buyback, there is no one to blame if there is no appraisal.)

To demonstrate the craziness down here. Micheal Jordan owns a plot of land in Hobe Sound (north of West Palm Beach ). It is not on the ocean or any navigable water - its just islolated and "out near I-95". Formally a citrus grove, he created his own golf course (GROVE 23) to use for him and his buddies - a private course. The land adjacent to the south was recently purchased. Lots will be sold for $4,000,000 to $6,000,000 each and homes will be 10,000 to 20,000 sqft (living area). This will be a PUD with every amenity you can think of. This is out in the middle of nowhere! Not on the ocean you say? Well then, the PUD will buy an oceanfront parcel and improve it with a clubhouse. No boating you say ? Well then, the PUD will buy some waterfront land and build it own marina. Oh....and then, we have the Town of Palm Beach...... lol...Crazy, i tell you.

 

[IlliniApp]

I bet a lot of cash has exchanged hands on Jordan's golf course.

 

[ZZGAMAZZ]

Not true. As if that was not obvious.

Again, one serious problem with ATC is that places like Oakland suck so bad, you have to quit the job to get out of Oakland. They won't let you transfer away from it due to no one wanting to work there and commute 2 hours one way from anywhere affordable on a $200k job. Not to mention how unsafe Oakland is.

"devistated morale" gets no sympathy from residential appraisers who suffer outrageous slings even during the best of times. The primary distinction beteen success n failure in any job is the abilty to take a punch -- like Mike Tyson said!!!!

 

[Tim Hicks (Texas)]

I wonder how many assignments Fernando has each week? He spends a lot of time on this forum with political posts. You would think her would join a political forum.

 

[Dublin ohio]

I wonder how many assignments Fernando has each week? He spends a lot of time on this forum with political posts. You would think her would join a political forum.

Or a DEI forum

 

[Terrel L. Shields]

Currently 6 assignments - far above what I want.

 

[BRCJR]

Or a DEI forum

or start a MAGA forum. He loves MAGA.