Workflow After Irma

[Lynne]

Thank you for the article! I should not be surprised. The part I'm having the hardest accepting is that it is for 3 years.

 

[Lynne]

Can't figure out how to delete the repeat post?

 

[Meandering]

Can't figure out how to delete the repeat post?

Don't worry about it. It can remain.

3 years fits their time frame for appraisers to get back to a market where the stigma should have been resolved. Although, if you get to the shore in NJ you can still see the impact of Super Storm Sandy which happened in 2012. So five years later, lots of new construction, roads are fixed, but some skeletons still remain.

.

 

[Deleted member 134708]

Agencies issue temporary exceptions to appraisal requirements in areas affected by severe storms and flooding related to Hurricanes Harvey, Irma, and Maria

Board of Governors of the Federal Reserve System – Federal Deposit Insurance Corporation – National Credit Union Administration – Office of the Comptroller of the Currency
WASHINGTON / October 17, 2017 –

After awhile,
does it seem like agencies are going out of their way not to have appraisals????

.

Wow, that's pretty crazy. You'd think you'd actually want interior appraisals in those areas mandatory for 3 years.

Talk about writing on the wall for the profession.

For sure says the federal reserve sees no value in interior 1004's. Alternative good enough even when mold, mud, flood is a concern.

 

[Tom Woolford]

Someone finally turned the faucet off. Unusual for this time of the month / year. Have to see what next week brings.

 

[bnmappraisal]

Someone finally turned the faucet off. Unusual for this time of the month / year. Have to see what next week brings.

I'm with you Tom. I've enjoyed today NOT doing anything appraisal (well, besides coming on here and posting!) since 9/18. Tomorrow is going to be the same way. But yes, I have nothing lined up at all right now, so wouldn't mind something new coming in still today and/or tomorrow to set up for next week. Even my direct order/lenders are saying they've slowed.

 

[Meandering]

Hint to you guys in the hurricane disaster area.

Find the INVESTORS (ie flippers/hold and rent) and get on-board as a consultant. Expect more purchases to be all cash as people opt to leave instead of fix.

Christmas still in the same place on the calendar.

 

[Lynne]

Hint to you guys in the hurricane disaster area.

Find the INVESTORS (ie flippers/hold and rent) and get on-board as a consultant. Expect more purchases to be all cash as people opt to leave instead of fix.

Christmas still in the same place on the calendar.

Great advice Marion, tyvm.

 

[Tom Woolford]

I'm with you Tom. I've enjoyed today NOT doing anything appraisal (well, besides coming on here and posting!) since 9/18. Tomorrow is going to be the same way. But yes, I have nothing lined up at all right now, so wouldn't mind something new coming in still today and/or tomorrow to set up for next week. Even my direct order/lenders are saying they've slowed.

I have two, well 1.5 to finish by monday. Probably finish the half during game five tonight, and nibble at the other one on Sat. Sun and Monday are mine, and a very messy shop.