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Workfile

Its easier to just not respond, T. Some guys are very self righteous...
 
ucbruin said:
I appreciate that you have the integrity to let me/us know that you dropped the dime on me....
I hope you started a trend that folks make it public when they snitch.... :LOL:
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Still waiting for my apology
 
Cob said:
"You know what, maybe you're right, maybe we shouldn't have made it political"
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It does not change the truth that the state and city did not prepare for the kinds of Santa Ana winds that have occurred time and again. That's a political issue, not something was merely an "act of God" that no one could have better prepared for.
 
Cob said:
No, the thread I am speaking of "Wild fires in L.A." WAS in the "General Appraisal Discussion" section...........
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Randolph Kinney

Thread 'California wildfires could wipe more than $2 trillion off home values'



With the risk of wildfires pushing up insurance costs and electricity outages being implemented to reduce the risk; homeowners are becoming increasingly concerned about home prices and total housing costs.
This one? Only "Wildfire" General discussion thread that appeared in search.
 
Artemis Fowl said:
Randolph Kinney

Thread 'California wildfires could wipe more than $2 trillion off home values'



With the risk of wildfires pushing up insurance costs and electricity outages being implemented to reduce the risk; homeowners are becoming increasingly concerned about home prices and total housing costs.
This one? Only "Wildfire" General discussion thread that appeared in search.
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jay trotta

Thread 'Wild Fires In LA'

Caught a little on the wildfires in LA, that looks disastrous. The winds are killing efforts to contain the blaze and a Huge amount of damage was noted. Feel bad for all of those who are now displaced.
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Fritz in NY said:
Data Mining again. This time it's adjustments in each Geo area in the Country. If I say an old 2 car attached is worth $ 12,000. in that market for that subject, it will be data for the AI to utilize in the future. We are giving away our Data which is our future.
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AI would only use your statement of the number of car bays the garage has, either if it doesn't have that data or is searching for additional confirmation if it doesn't have high confidence in the MLS or assessor data. It couldn't care less about your value, - because its purpose in life is to determine the value itself.
 
Cob said:
How would a reviewer know the "report contains insufficient support for the adjustment", say you did a detailed data review for an in ground pool adjustment, you used 3 or 4 paired sales and determined that the in ground pool adjustment should be $45,000, the reviewer comes back and states that the "report contains insufficient support for the adjustment" how would they know that, they would 100% have to have geographic knowledge to state there was insufficient data for the adjustment, the problem is, to many times these requests for and explanation for adjustments are to vague, there is no, you made a $45,000 adjustment for an in ground pool and we don't agree with it because of, X, Y, Z, it's always, we don't agree with it and want you to explain it to us.

The appraisal reports that most appraisers complete for GSE work, are not supposed to explain in great detail EVERY adjustment that is made, as Mr. Shields already posted.

SR 2-2 (a) (viii): “Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusion.

The problem these days is that appraisers are not able, by a LOT of lenders and AMC's to Summarize the information, methods and techniques employed, reasoning that supports the analyses, opinions, and conclusion, they are expected to explain EVERY detail for EVERY adjustment, "Comp 1 and 2 were adjusted for gross living area, using paired sales (from 14 other possible comparable sales considered) and 123 Main Street was compared to 123 Maple Street" "Comp 3 and 4 were adjusted garage count using paired sales (from 14 other possible comparable sales considered) and 123 Manor Street was compared to 123 Congress Street" this is the reason I am slowly fazing my way out of doing GSE appraisal assignments, once all of these changes that are coming at the end of 2025 and early 2026 come, I will be completely done with any GSE work.
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Support, in the context of an appraisal, doesn't mean 'proof'. It means that the appraiser provided a summary of the data and analysis that was used. Determining that was done does NOT require geopgraphic knowledge. Saying that the adjustments are supported... again, in the context of appraisal... does not mean they are correct.
 
Terrel L. Shields said:
SR 2-2 (a) (vii): “Summarize the scope of work used to develop the appraisal.” Sufficient information includes disclosure of research and analyses performed and might also include disclosure of research and analyses not performed. While you determine the scope of work, your client should be in agreement with it. (See Importance of a Good Scope of Work).

SR 2-2 (a) (viii): “Summarize the information analyzed, the appraisal methods and techniques employed, and the reasoning that supports the analyses, opinions, and conclusion
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This is best answer OP.
 
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