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neversaynever
1022 Posts |
 Posted - 07/16/2008 : 5:26:38 PM
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Just a funny story. I have borrowers in Lyons, CO who had an appraisal done with some company, and backed out for one reason or another. This was almost a month ago that the appraisal was completed. So I call the appraiser and ask him to transfer it to our name (yea I know its techinically not correct, but something most appraisers do). HE says no I have to go re inspect, what if something had happened to the home in the past 30 days? Okay so I say go for it and collect at the door. I get the appraisal back today, find out he charged $175, was exact same appraisal, didn't collect at the door he billed me (yea no spine), and the funny part, its the borrowers neighbor!
Way to stick it to 'em! I mean all he had to do was look out his window, yep house is still there, and send me the report. LOL |
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Hopland
1814 Posts |
Posted - 07/16/2008 : 5:34:56 PM
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I hear you. The other day I stopped in at Burgers My Way and asked if I could have a refill on the fries I had with my burger combo a few days ago. They had the nerve to charge me for them when all they had to do was reach over and grab some out of the fryer basket!
Jerks. |
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hoangad
2839 Posts |
Posted - 07/16/2008 : 5:38:28 PM
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| wiat, the appraiser is the borrower's neighbor? |
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ritabradley01
2315 Posts |
Posted - 07/16/2008 : 6:13:18 PM
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| Just deal with it. As an appraiser, I wouldn't have done it but you didn't have to pay for it so I wouldn't worry about it. |
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KHufford
5290 Posts |
Posted - 07/16/2008 : 8:08:04 PM
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quote:
Originally posted by Hopland
I hear you. The other day I stopped in at Burgers My Way and asked if I could have a refill on the fries I had with my burger combo a few days ago. They had the nerve to charge me for them when all they had to do was reach over and grab some out of the fryer basket!
Jerks.
He accepted the charges, way to jump to conclusions, as always. He did not ask for anything for free.
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benjamin
1669 Posts |
Posted - 07/16/2008 : 8:12:46 PM
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Rita,
You are wrong. Broker ordered appraisal , he owes for that order. |
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Hopland
1814 Posts |
Posted - 07/16/2008 : 8:20:35 PM
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quote:
Originally posted by KHufford
quote:
Originally posted by Hopland
I hear you. The other day I stopped in at Burgers My Way and asked if I could have a refill on the fries I had with my burger combo a few days ago. They had the nerve to charge me for them when all they had to do was reach over and grab some out of the fryer basket!
Jerks.
He accepted the charges, way to jumo to conclusions, as always. He did ask for anything for free.
quote:
I get the appraisal back today, find out he charged $175, was exact same appraisal, didn't collect at the door he billed me (yea no spine), and the funny part, its the borrowers neighbor!
Way to stick it to 'em! I mean all he had to do was look out his window, yep house is still there, and send me the report. LOL
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neversaynever
1022 Posts |
Posted - 07/16/2008 : 8:34:30 PM
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quote:
benjamin
1319 Posts
Posted - 07/16/2008 : 8:12:46 PM
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Rita,
You are wrong. Broker ordered appraisal , he owes for that order.
Calyx Point, most widely used and accepted loan originating software, has an appraisal order form built in that conforms to RESPA guidelines. One of the boxes is, "How is the order to be paid"
You can check "Bill to" and type in your name, or you can also check COD. Traditionally the acronym "COD" stands for cash on delivery. One would think that if that box was checked, the money is collected at the door.
I find it amusing that the appraiser knew how shady he was, that he couldn't tell the borrower (his neighbor) that he was jacking them like a new Caddy in East St. Louis. |
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CoralSnake
10320 Posts |
Posted - 07/16/2008 : 8:44:03 PM
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quote:
Originally posted by Hopland
I hear you. The other day I stopped in at Burgers My Way and asked if I could have a refill on the fries I had with my burger combo a few days ago. They had the nerve to charge me for them when all they had to do was reach over and grab some out of the fryer basket!
Jerks.
How much do you charge if I need to you re-email the appraisal over?
Is that double? |
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Hopland
1814 Posts |
Posted - 07/16/2008 : 9:03:31 PM
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| If I did the appraisal for you and you wanted me to send it again? Nothing. Why would I charge for that? |
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bestbet123
1240 Posts |
Posted - 07/16/2008 : 9:07:07 PM
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| omg....did i just read that right Hopland?Maybe there is some hope for you guys after all.No charge?hmmmmmm i will think about this and get back to you. |
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bestbet123
1240 Posts |
Posted - 07/16/2008 : 9:08:06 PM
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| Okay i thought about it and i still can't stand appraisers. |
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CoralSnake
10320 Posts |
Posted - 07/16/2008 : 9:19:19 PM
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quote:
Originally posted by Hopland
If I did the appraisal for you and you wanted me to send it again? Nothing. Why would I charge for that?
and how exactly is the OPs scenario any different than that
Hey you can just tell me a new email means a new assignment!! |
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Bob CRA
133 Posts |
Posted - 07/16/2008 : 9:54:35 PM
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Sorry to butt in here...appraisers have rules. This one applies:
Question: Is it acceptable to readdress or transfer a completed appraisal report?
Response: No. Once a report has been prepared for a named client or clients, the appraiser cannot ‘readdress’(transfer) the report to another party. Simply changing the client name on the report cannot change or replace the original appraiser-client relationship. Therefore, this action is misleading.
However, you can consider the request as a new assignment. In so doing, you may establish a new appraiser-client relationship and appraise the property for this new client.
Additional information can be found in Advisory Opinion 26, Readdressing (Transferring) a
Report to Another Party. Important considerations, such as the handling of confidential
information and other factors, are addressed in Advisory Opinion 27, Appraising the Same
Property for a New Client. |
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CoralSnake
10320 Posts |
Posted - 07/16/2008 : 10:05:59 PM
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quote:
Originally posted by Bob CRA
Sorry to butt in here...appraisers have rules. This one applies:
Question: Is it acceptable to readdress or transfer a completed appraisal report?
Response: No. Once a report has been prepared for a named client or clients, the appraiser cannot ‘readdress’(transfer) the report to another party. Simply changing the client name on the report cannot change or replace the original appraiser-client relationship. Therefore, this action is misleading.
However, you can consider the request as a new assignment. In so doing, you may establish a new appraiser-client relationship and appraise the property for this new client.
Additional information can be found in Advisory Opinion 26, Readdressing (Transferring) a
Report to Another Party. Important considerations, such as the handling of confidential
information and other factors, are addressed in Advisory Opinion 27, Appraising the Same
Property for a New Client.
Nowhere did I read anything about full fee for a property next door. But I no read so good. |
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ritabradley01
2315 Posts |
Posted - 07/16/2008 : 11:35:26 PM
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It is at the appraiser's discretion, it's a business decision. I think many LOs try to squeeze as much profit out of a deal as they can. Some appraisers are like that too-get it? I can't believe you're griping about a lousy $175. You know this cost will ultimately come out of the borrower.
Give me a break. |
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Xanthan Gum
595 Posts |
Posted - 07/17/2008 : 06:59:39 AM
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quote:
Originally posted by Hopland
I hear you. The other day I stopped in at Burgers My Way and asked if I could have a refill on the fries I had with my burger combo a few days ago. They had the nerve to charge me for them when all they had to do was reach over and grab some out of the fryer basket!
Jerks.
You gotta admit, even though Hopland may be wrong, he is funny while doing it |
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mganovsky
1739 Posts |
Posted - 07/17/2008 : 07:20:38 AM
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| you should have just asked for a comp check first. |
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ritabradley01
2315 Posts |
Posted - 07/17/2008 : 09:22:10 AM
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Your response didn't make sense Mark-are you trying to start a comp check thread??
quote:
Originally posted by mganovsky
you should have just asked for a comp check first.
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EMScommercial
4749 Posts |
Posted - 07/17/2008 : 09:23:37 AM
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as my 6th grade english teacher used to say...
'funny, haha? or funny peculiar?' |
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Xanthan Gum
595 Posts |
Posted - 07/17/2008 : 09:23:54 AM
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| Mark's spelling is a little better than usual today |
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mganovsky
1739 Posts |
Posted - 07/17/2008 : 09:29:53 AM
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| Rita "NO WAY", I was just poken some fun at appraisers, because I know it is a sore subject for ya. |
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williamspeaking
4049 Posts |
Posted - 07/17/2008 : 09:37:48 AM
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quote:
Originally posted by CoralSnake
quote:
Originally posted by Hopland
If I did the appraisal for you and you wanted me to send it again? Nothing. Why would I charge for that?
and how exactly is the OPs scenario any different than that
Hey you can just tell me a new email means a new assignment!!
because the OP wanted an appraiser to give him an appraisal that was done for another company...Without the original ordering party, the appraiser isnt allowed to "re-assign" the appraisal. |
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hertz
610 Posts |
Posted - 07/17/2008 : 09:41:19 AM
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quote:
Originally posted by ritabradley01
It is at the appraiser's discretion, it's a business decision. I think many LOs try to squeeze as much profit out of a deal as they can. Some appraisers are like that too-get it? I can't believe you're griping about a lousy $175. You know this cost will ultimately come out of the borrower.
Give me a break.
There is no way to justify charging someone $175 to resend the same appraisal when he or she never even had to leave the house. Bottom line. Nothing any of you can say will change that. RIP OFF! |
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WorldWideWayne
1976 Posts |
Posted - 07/17/2008 : 10:16:23 AM
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Did the appraiser go into the house a 2nd time or just look out the window as you jested?
If he did not go in, he committed fraud.
If he went in he did nothing wrong.
If I do a loan for someone and a few mos later their life circumstances require them to take another mortgage, I still charge them...of course I will charge less as this appraiser did...but I will make more than the $175 that the appraiser did.
I say be glad you got the appraiser to do it for $175 |
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neversaynever
1022 Posts |
Posted - 07/17/2008 : 10:17:53 AM
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1. Not griping, laughing.
2. Disgusted that appraiser didn't COD like the order told him to do. Obviously he didn't because the borrowers are his neighebors and he feels shady about what he did.
3. Puts me in a bind, if the loan wont clsoe surely he will come after me for the money.
I'm not starting some kind of fundamental issue thread like comp-check, just posting my experience from the other day, that is all. |
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ronkmtgs
46 Posts |
Posted - 07/17/2008 : 10:41:22 AM
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quote:
Originally posted by ritabradley01
It is at the appraiser's discretion, it's a business decision. I think many LOs try to squeeze as much profit out of a deal as they can. Some appraisers are like that too-get it? I can't believe you're griping about a lousy $175. You know this cost will ultimately come out of the borrower.
Give me a break.
The world according to "Rita No comps Bradley"! Too funny. |
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ritabradley01
2315 Posts |
Posted - 07/17/2008 : 3:20:12 PM
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I figured as much-I was kidding ya back. 
quote:
Originally posted by mganovsky
Rita "NO WAY", I was just poken some fun at appraisers, because I know it is a sore subject for ya.
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Mikeinsantarosa
13 Posts |
Posted - 07/17/2008 : 5:15:57 PM
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| Coral Snake (aptly named) ......ever heard of appraiser liability. Two lenders, double the liability. PLUS the time it takes to change the name, possibly rewrite the scope of work. If you guys would agree, in writing, to accept ALL liability and if it was industry wide, we could cancel our E&O insurance. BUT, if anything goes wrong, it is ALWAYS the appraiser's fault. As far as not collecting COD, maybe your borrower did not have the money in the bank or maybe he refused or maybe Aunt Ruth was there to let the appraiser in. I agree the appraiser should have called you but were you available all of that day or would you expect him to go back out again? OK, he lives across the street. Maybe he did chicken out. What would you have had him do? |
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Jonas
287 Posts |
Posted - 07/17/2008 : 5:40:10 PM
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quote:
Originally posted by Mikeinsantarosa
Coral Snake (aptly named) ......ever heard of appraiser liability. Two lenders, double the liability. PLUS the time it takes to change the name, possibly rewrite the scope of work. If you guys would agree, in writing, to accept ALL liability and if it was industry wide, we could cancel our E&O insurance. BUT, if anything goes wrong, it is ALWAYS the appraiser's fault. As far as not collecting COD, maybe your borrower did not have the money in the bank or maybe he refused or maybe Aunt Ruth was there to let the appraiser in. I agree the appraiser should have called you but were you available all of that day or would you expect him to go back out again? OK, he lives across the street. Maybe he did chicken out. What would you have had him do?
Is that a question or a proclamation of stupidity?
Hows about, not do the appraisal and walk back home.
Appraisers are similar to Realtors in the sense that they will BLINDLY defend eachother no matter what the situation. Look how quickly Brokers are to call eachother out on their BS. Not you guys.
Shame on this Appraiser for ripping off the OP and shame on you to defend what he did. |
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Mikeinsantarosa
13 Posts |
Posted - 07/18/2008 : 08:02:05 AM
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| Talk about blatant stupidity! Some of you guys appear to be able to only read half of what is written. Half ***ed, half-cocked, half wit? Which is it? |
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mbrownusa
784 Posts |
Posted - 07/18/2008 : 08:40:50 AM
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quote:
Originally posted by Xanthan Gum
Mark's spelling is a little better than usual today
Guess the end of the world is about to happen...
Mark's spelling is better
An appraiser not charging for something
quote from Hopland "If I did the appraisal for you and you wanted me to send it again? Nothing. Why would I charge for that?"
What's next dogs and cats living together?
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WorldWideWayne
1976 Posts |
Posted - 07/18/2008 : 08:43:58 AM
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quote:
Originally posted by Mikeinsantarosa
Talk about blatant stupidity! Some of you guys appear to be able to only read half of what is written. Half ***ed, half-cocked, half wit? Which is it?
I pick half ***ed for me but for you I would say half-cocked. That leaves half wit for someone. |
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ritabradley01
2315 Posts |
Posted - 07/18/2008 : 09:06:35 AM
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| Easy does it Mike. Let's keep it professional on our end. |
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lunarhamster
3138 Posts |
Posted - 07/18/2008 : 09:52:47 AM
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| See Rita, some Appraisers out there heard the BEEP BEEP, cuz all the 7 posters are here to defend blindly, it's always the ones who have 4 post's that seem to know so much and the history of our discussions. |
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caadacjohn
576 Posts |
Posted - 07/18/2008 : 10:06:39 AM
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| I say tell the appraisers neighbor how you feel about the charges....then let the appraiser deal with "them" for the next 10 yrs. |
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WorldWideWayne
1976 Posts |
Posted - 07/18/2008 : 10:10:12 AM
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quote:
Originally posted by caadacjohn
I say tell the appraisers neighbor how you feel about the charges....then let the appraiser deal with "them" for the next 10 yrs.
lol...Would be even funnier if they had an association. |
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caadacjohn
576 Posts |
Posted - 07/18/2008 : 10:17:49 AM
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What the government needs to do is step in write an appraisers "code of ethics"...Most of what I have seen reminds me of a bunch of greedy used-car salesmen. Some (I repeat "SOME") appraisers today are 10 times worse then the shadiest brokers ever were...its sad!
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Xanthan Gum
595 Posts |
Posted - 07/18/2008 : 10:24:52 AM
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| Appraisers were also notorious for altering subject and comp photos to achieve their agenda. Some of them openly bragged about their photo shop skills. |
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Hopland
1814 Posts |
Posted - 07/18/2008 : 10:33:11 AM
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quote:
Originally posted by caadacjohn
What the government needs to do is step in write an appraisers "code of ethics"...Most of what I have seen reminds me of a bunch of greedy used-car salesmen. Some (I repeat "SOME") appraisers today are 10 times worse then the shadiest brokers ever were...its sad!
Congress already did that when they establish TAF and ASB and AQB. The written code of ethics can be found in the Ethics sections of (dare I say it) uspap.
I've already explained in dozens of threads which can be found throughout the outpost the procedures involved in completing a new assignment of a property recently appraised for a different client.
If you don't want to pay the $175 (half fee) then get a new appraiser to do it (at full fee). Some of you people are ridiculous. I run an appraisal BUSINESS, not a charity for mortgage brokers. |
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caadacjohn
576 Posts |
Posted - 07/18/2008 : 10:38:06 AM
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Unethically
Stealing money to
Please
Appraisers
Pockets
USPAP ^^^
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neversaynever
1022 Posts |
Posted - 07/18/2008 : 10:40:33 AM
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| do us all a favor, and keep your business on the appraiser forums. |
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Xanthan Gum
595 Posts |
Posted - 07/18/2008 : 10:43:11 AM
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| Most appraisers are lazy and lack a real work ethic. An appraiser I had to discontinue using used to waste all his time tending to his fantasy football team rather than getting any actual work done. |
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caadacjohn
576 Posts |
Posted - 07/18/2008 : 10:47:47 AM
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quote:
Originally posted by Xanthan Gum
Most appraisers are lazy and lack a real work ethic. An appraiser I had to discontinue using used to waste all his time tending to his fantasy football team rather than getting any actual work done.
I used to know one that would spend all day looking for that "perfect" hot dog :O) |
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caadacjohn
576 Posts |
Posted - 07/18/2008 : 10:49:55 AM
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quote:
Originally posted by neversaynever
do us all a favor, and keep your business on the appraiser forums.
All Appraisers should be BAND!!! |
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goodguy1
1572 Posts |
Posted - 07/18/2008 : 10:50:47 AM
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All he had to do was read the order and write the appraisal.
I'm really sad; apparently this appraiser cannot read or write.
Should we send him donations or something?
The bottom line here is that this appraiser slimed out.. on his own neighbor.
People are jerks.
-sorry NSN |
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neversaynever
1022 Posts |
Posted - 07/18/2008 : 10:55:35 AM
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quote:
caadacjohn
Mortgage Agent
526 Posts
Posted - 07/18/2008 : 10:49 AM
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quote:
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Originally posted by neversaynever
do us all a favor, and keep your business on the appraiser forums.
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All Appraisers should be BAND!!!
Start a Band? How 'bout the Yellow Bellies? |
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CoralSnake
10320 Posts |
Posted - 07/18/2008 : 10:59:45 AM
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| Appraisers are evil. |
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caadacjohn
576 Posts |
Posted - 07/18/2008 : 10:59:53 AM
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quote:
Originally posted by neversaynever
quote:
caadacjohn
Mortgage Agent
526 Posts
Posted - 07/18/2008 : 10:49 AM
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quote:
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Originally posted by neversaynever
do us all a favor, and keep your business on the appraiser forums.
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All Appraisers should be BAND!!!
Start a Band? How 'bout the Yellow Bellies?
How about the USPAPERS (not US Papers)... |
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Jonas
287 Posts |
Posted - 07/18/2008 : 11:12:26 AM
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Just to be clear, if you are an Appraiser and are told to collect at the door COD, then bill to Appraisal, you are a cock.
If you blindly defend this type of behavior and bring up any type of government regulation, you are a cock. End of story.
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lunarhamster
3138 Posts |
Posted - 07/18/2008 : 11:18:55 AM
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| cockadoodledoo!! |
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