Zaio: Everybody buckle your seat belts

[Tony Moore]

http://www.newswire.ca/en/releases/archive/February2007/13/c8046.html

 

[deturner]

a drive-by product that took about 10 days to receive

I have never taken this long to do a 2055. Of course I don't do these for lending so that may be what takes so long..... Finding someone that does them.

So, Zaio is not taking any of my business since I don't do 2055's and it looks like this is what it will replace.

However the other comment

The ability to get an accurate value on
a property instantly from my computer with the customer sitting in front of me
and then later turn it into a completed URAR interior appraisal within a day

does make me wonder how it can be turned to a full interior in a day when it usually takes a day or more to get in the property.

DaveT in NC

 

[Mark A Rewbury]

This company or one like it has been at this kind of nonsense in Ontario Canada since the early 90's..it never caught on there. In fact I never met a lender up there that even knew about it. These kind of things come a go constantly. Every non appraiser is always trying to skim off our income.

 

[Tony Moore]

Quote CNW:Spokane is the first market in the country where high-quality,
industry-compliant appraisals completed by a locally licensed or certified
appraiser

They should mention the photo and trainee people too, a little mis-leading.

Quote CNW:
"When a borrower is unsure of his property value, the Zaio system allows
us to confirm a value range prior to ordering a full interior appraisal. We
have used this on many occasions and found it a valuable tool that can save
our members money."

Finally, a comp checking machine.

Quote CNW:
The result is an exterior appraisal
that can be retrieved by the customer instantly, complete with pictures,
produced on official industry-accepted appraisal forms, prepared and signed by a licensed appraiser who has inspected the property.


CAN SOMEONE PLEASE CLARIFY SOMETHING? WHEN DOES THE CERTIFIED APPRAISER GO TO THE SUBJECT PROPERTY?
I get that either paid photo people, or dumb trainees go by the comps and subject, but when does the licensee or cert go by the comps or subject?

 

[bart nathan]

Pay them 9,000 bucks and you can be a Zaio appraiser too.
What a deal

 

[Tom Barclay]

At least the small print is in the same size. But just what does this mean? "Forward-Looking Statements"

This press release contains forward-looking statements which may include
financial and business prospects, as well as statements regarding the
Company's future plans, objectives or economic performance and financial
outlooks. Such statements are subject to risk factors associated with the real
estate industry, and the overall economy in both Canada and the United States.
The Company believes that the expectations reflected in this press release are
reasonable, but actual results may be affected by a variety of variables and
may be materially different from the results or events predicted in the
forward-looking statements. Readers are therefore cautioned not to place undue
reliance on these forward-looking statements.
In evaluating forward-looking statements readers should consider the risk
factors which could cause actual results or events to differ materially from
those indicated by such forward-looking statements. These forward-looking
statements are made as of the date hereof, and unless otherwise required by
applicable securities laws, the Company does not intend nor does it undertake
any obligation to update or revise any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.

 

[JRS at OBX]

So if they can get an accurate value instantly which can later be turned into a full 1004???

If the computer requests a value, it is still a predetermined value assignment, right?

 

[Mark A Rewbury]

Ya that got me too. I hope appraisers don't get worked up over this....this is just a money making scam and the smart quys won't get sucked in by Zaio. I got a card a couple of weeks ago inviting me to their seminar in Sarasota. That's it, I think I'll give someone 9 grand to walk around town taking pictures of every house on every street. Hell, in Lee County the appraisers office has already done that.

 

[Evincere]

At least the small print is in the same size. But just what does this mean? "Forward-Looking Statements"

This press release contains forward-looking statements which may include
financial and business prospects, as well as statements regarding the
Company's future plans, objectives or economic performance and financial
outlooks. Such statements are subject to risk factors associated with the real
estate industry, and the overall economy in both Canada and the United States.
The Company believes that the expectations reflected in this press release are
reasonable, but actual results may be affected by a variety of variables and
may be materially different from the results or events predicted in the
forward-looking statements. Readers are therefore cautioned not to place undue
reliance on these forward-looking statements.
In evaluating forward-looking statements readers should consider the risk
factors which could cause actual results or events to differ materially from
those indicated by such forward-looking statements. These forward-looking
statements are made as of the date hereof, and unless otherwise required by
applicable securities laws, the Company does not intend nor does it undertake
any obligation to update or revise any forward-looking statements to reflect
subsequent information, events, results or circumstances or otherwise.

It is a disclaimer of sorts. It means that what you are reading is a press release from ZAIO, originated by ZAIO.

"forward-looking statements that are based on management’s expectations, estimates, projections and assumptions"

Another example:

Forward Looking Statement Any statements in this website that are not historical facts are forward-looking statements that involve risks and uncertainties; actual results may differ from the forward-looking statements. Sentences or phrases that use such words as "believes," "anticipates," "plans," "may," "hopes," "can," "will," "expects," "is designed to," "with the intent," "potential" and others indicate forward-looking statements, but their absence does not mean that a statement is not forward-looking. Factors that could have a material and adverse impact on actual results are described in the Company's annual report on Form 10-K filed with the Securities and Exchange Commission under the heading "Risk Factors." The Company undertakes no obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurr.

 

[JRS at OBX]

Forward Looking Statement=Sales Pitch? Bullcrap?