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HMDApproved
729 Posts |
 Posted - 07/18/2008 : 4:44:56 PM
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I must say, every appraiser in this part of town is a money hungry, bottom feeding, low life swindler that would charge their own mothers for an appraisal.
I had an incident where I told the appraiser (his name is "Fat Slob Rob"), that the only way the loan would work is if the house was worth $400k, I specifically told him to comp it out and let me know BEFORE he went to do it. This was a rate/term refi and the borrower was strapped for money and could not afford to pay $475.00 for an FHA appraisal if the refi would not go through.
Fat Slob Rob said that $400k was no problem, he had plenty of comps and to put him in touch with the borrower to schedule. Fat Slob Rob did the appraisal and charged the lady $475.00 at the door in cash. He took 5 days to send me the appraisal and when I got it, he appraised the house at $365k. When I asked him why he did that he said that what I asked him to do was illegal and he had to do the actual appraisal to get a "real value". He did this knowing that the loan wouldnt work.
Am I wrong for thinking this guy is scum or was I asking him to commit a crime??? |
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caadacjohn
740 Posts |
Posted - 07/18/2008 : 4:46:56 PM
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USPAP!!! USPAP!!!!
I can hear it now!!!
Rob is a jerk, *******, and didnt care about anyone but himself
oh yeah
USPAP!!! USPAP!!!! |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 4:52:55 PM
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| What the heck is USPAP? |
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caadacjohn
740 Posts |
Posted - 07/18/2008 : 4:56:02 PM
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quote:
Originally posted by HMDApproved
What the heck is USPAP?
Unethically
Stealing money to
Please
Appraisers
Pockets
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Captain Mortgage
2559 Posts |
Posted - 07/18/2008 : 4:57:32 PM
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Uniform Standards of Professional Appraisal Practice
http://www.appraisalfoundation.org/s_appraisal/sec.asp?CID=68&DID=97
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:00:50 PM
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Hey John, thats a classic, love it..
Capt. Thanks for the info. |
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clearwaterny
352 Posts |
Posted - 07/18/2008 : 5:01:07 PM
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| that's funny no appraisers responding back yet???? weird. |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:08:57 PM
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| They are all calling every guy named "Rob" that they know!!! LMAO |
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j_mahaska
345 Posts |
Posted - 07/18/2008 : 5:09:13 PM
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| If I was an appraiser I would punch myself in the balls |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:10:20 PM
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| If you were an appraiser I would want to punch you in the balls |
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j_mahaska
345 Posts |
Posted - 07/18/2008 : 5:12:22 PM
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| If I were an appraiser, I would go to a mortgage broker forum and hang out all day and post instead of actually doing comp checks. I would also go to my new part time job as well because I have been hanging out at a website for mortgage brokers |
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j_mahaska
345 Posts |
Posted - 07/18/2008 : 5:13:17 PM
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| wow, I read that back and it makes no sense. Happy hour did me in |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:20:07 PM
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| sorry brother, but it didnt make sense.. CHEERS |
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assassin17
7834 Posts |
Posted - 07/18/2008 : 5:20:55 PM
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quote:
Am I wrong for thinking this guy is scum or was I asking him to commit a crime???
If I had to choose from the info given, I'd say you committed a crime. |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:25:29 PM
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then you must be an appraiser.
All these appraiser begging for work advertise all day long that comp checks are free.
I asked the Fat Slob to do a comp check for me and he lied to me so I would give him the job and he knew the loan would not work. I didnt ask him to inflate the value, I told him if the value was not there the loan wouldnt work so don't make the lady waste her money...
What crime did I commit? |
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hoangad
3036 Posts |
Posted - 07/18/2008 : 5:32:13 PM
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| Yeah, seems like the appraiser is out just to make a couple hundred bucks. |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:34:12 PM
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my point exactly, but his words were "I did that because you asked me to do something illegal"
He is a dou***bag |
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assassin17
7834 Posts |
Posted - 07/18/2008 : 5:35:32 PM
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quote:
Originally posted by HMDApproved
What crime did I commit?
You tied the possibility of the ordered appraisal to a stated value of opinion by a non-licensed person (yourself).
Basically, you performed the appraisal yourself when you set a number of "at least 400,000" or the order would be canceled.
That is how you wrote it up and that is illegal. |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:41:53 PM
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BUDDY, READ!!!!!
The woman tells me what loan amount she needs!!!!
I tell her to get that amount, the house must be worth X
I ask a Fat Ass Slob appraiser if the house is worth X
Fat Ass lies just to get the job and bamboozles the old lady....
where is the crime, Mr Appraiser? |
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 5:45:48 PM
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Thank you Darkstar and Assasin for getting it and speaking up.
I do not condone what this Rob person did. I imagine he got tired of dealing with unprofessional and unethical people like the OP so he decided to impose some sort of justice. Doesn't make it right though.
However, HMDApproved your illegalities and fraudulations are all over the internet now for the world to see. How does it feel? |
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 5:47:46 PM
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When you tell an appraiser that they will only get the assignment if they will come in at your "needed" value you have just commited a crime.
quote:
Originally posted by HMDApproved
BUDDY, READ!!!!!
The woman tells me what loan amount she needs!!!!
I tell her to get that amount, the house must be worth X
I ask a Fat Ass Slob appraiser if the house is worth X
Fat Ass lies just to get the job and bamboozles the old lady....
where is the crime, Mr Appraiser?
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 5:49:02 PM
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Fat Slob Rob=Liar
HMDApproved=Fraudulator
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:50:11 PM
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What illegalities and what fraudulations?????
Typical of an appraiser like yourself....
Hide behind your little law that you use for your own benefits...
The guy lied to steal a widows $475.00....
You justify this????? I wonder how many people taht have read this will give you business???? |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:53:09 PM
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I didn't TELL him I needed a value, I ASKED him if that value was realistic!!!!!
He lied and said yes to get the job and the money!!!!
Where is the fraud????? You have no clue what you are talking about!!! |
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 5:53:42 PM
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Now it's your turn to read-I said I DO NOT condone what the appraiser did. But let's focus on you for a minute. Are you going to keep ordering appraisals contingent on value? That's illegal.
quote:
Originally posted by HMDApproved
What illegalities and what fraudulations?????
Typical of an appraiser like yourself....
Hide behind your little law that you use for your own benefits...
The guy lied to steal a widows $475.00....
You justify this????? I wonder how many people taht have read this will give you business????
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caadacjohn
740 Posts |
Posted - 07/18/2008 : 5:54:24 PM
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from what I understand
HMD:
"I ask a Fat Ass Slob appraiser if the house is worth X"
HMD didnt say:
"You will only get the assignment if the appraisal comes in at 400k"
there is a difference |
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mwfan55
488 Posts |
Posted - 07/18/2008 : 5:57:02 PM
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Be honest , you kneow the house wasn't worth $400K before you even called this Rob ?
Really , how could you not know what USPAP is ?
You realize that this is the reason Fannie wants you to order appraisals in 2009 from an appraiser you don't know ?
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 5:57:24 PM
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quote:
Originally posted by caadacjohn
from what I understand
HMD:
"I ask a Fat Ass Slob appraiser if the house is worth X"
HMD didnt say:
"You will only get the assignment if the appraisal comes in at 400k"
there is a difference
The problem is the word before. He said:
"I had an incident where I told the appraiser (his name is "Fat Slob Rob"), that the only way the loan would work is if the house was worth $400k, I specifically told him to comp it out and let me know BEFORE he went to do it.
He had to hit the value before he could have the assignment. Get it?
I will say again, I do not condone what this appraiser did. |
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lgruey
657 Posts |
Posted - 07/18/2008 : 5:57:59 PM
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News flash. Appraisers are not on here to get business. If you choose to do business the way you are then you have to deal with the people you get to work with you.
I am not begging for work either and I do not do ANY comp checks period.
Let the process work the way it is supposed to. You let the borrower know that it depends on how the appraisal comes in whether or not they get their loan. Don't sell them on a value. Make the borrower pay for the appraisal, let them know what you have to offer, but that it depends on the actual appraisal of their house. You don't need to know ahead of time what someone threw together in five minutes and then base your whole deal on that number. It isn't supposed to work the way you are doing it. Sell yourself and your service. The borrowers have to know that there is a cost for doing a loan. They also have to understand that they have to have an appraisal done to find out that value. I am so tired of hearing "oh, we don't want to waste the homeowners money". The homeowner has to understand how the process is supposed to work. People need to stop thinking that they can get a free ride on everything. |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 5:59:56 PM
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ABSOLUTELY!!!!!
I will only order an appraisal based on value!!!!
If a homeowner owes $400k on a home and the appraiser tells me the home is worth $350k after he does his comp checks, are you suggesting I should have him do the appraisal anyway fully aware that the homeowner is wasting her money?????
That would make me as much of a dirtbag as the appraiser... I don't really care about the loopholes you hide behind, the homeowner shouldnt get screwed because the appraiser can't pay his bills!!!! |
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PCook
429 Posts |
Posted - 07/18/2008 : 6:00:33 PM
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quote:
Originally posted by HMDApproved
What illegalities and what fraudulations?????
Typical of an appraiser like yourself....
Hide behind your little law that you use for your own benefits...
The guy lied to steal a widows $475.00....
You justify this????? I wonder how many people taht have read this will give you business????
I'd like to see the proof that the appraiser lied....did you get your free comp check in writing? Did you record the conversation? Problem is, YOU need to change the way YOU do business! Things won't get better for you until you do. |
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 6:01:35 PM
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quote:
Originally posted by lgruey
News flash. Appraisers are not on here to get business. If you choose to do business the way you are then you have to deal with the people you get to work with you.
I am not begging for work either and I do not do ANY comp checks period.
Let the process work the way it is supposed to. You let the borrower know that it depends on how the appraisal comes in whether or not they get their loan. Don't sell them on a value. Make the borrower pay for the appraisal, let them know what you have to offer, but that it depends on the actual appraisal of their house. You don't need to know ahead of time what someone threw together in five minutes and then base your whole deal on that number. It isn't supposed to work the way you are doing it. Sell yourself and your service. The borrowers have to know that there is a cost for doing a loan. They also have to understand that they have to have an appraisal done to find out that value. I am so tired of hearing "oh, we don't want to waste the homeowners money". The homeowner has to understand how the process is supposed to work. People need to stop thinking that they can get a free ride on everything.
Plus Gruey I'll bet you a million bucks that if the deal had gone thru this shyster would have squeezed every penny he could have out of that poor widow. He's full of crap. I think these guys are just baiting us to be honest with you. This guy can't be so stupid as to admit to this type of behavior on a public forum. |
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 6:02:36 PM
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| OP how come you're hiding behind an alias. What's your name? |
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 6:03:52 PM
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| Never mind, you're ways will come back to haunt you one way or another. Don't say we didn't warn you. |
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clarenceworley
5713 Posts |
Posted - 07/18/2008 : 6:04:43 PM
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| You should have Fat Slob Rob meet you at Jay and Bob's Secret Stash, then give him the "stink palm". |
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PCook
429 Posts |
Posted - 07/18/2008 : 6:05:46 PM
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quote:
Originally posted by HMDApproved
ABSOLUTELY!!!!!
I will only order an appraisal based on value!!!!
If a homeowner owes $400k on a home and the appraiser tells me the home is worth $350k after he does his comp checks, are you suggesting I should have him do the appraisal anyway fully aware that the homeowner is wasting her money?????
That would make me as much of a dirtbag as the appraiser... I don't really care about the loopholes you hide behind, the homeowner shouldnt get screwed because the appraiser can't pay his bills!!!!
That was intelligent! "I will only order an appraisal based on value"!!!! - Hope the Feds were not looking!!!!!!!!! That is an admission of the worst kind!!!!!!!! |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 6:06:19 PM
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igurey, I understand your point...
That being said, The Appraisers should not offer "FREE COMP CHECKS" to Loan Originators..
What is the purpose of this?????
I would love to meet the appraiser that tells a loan officer he wont comp out a house rather I should just send him to do the job blindly and hope the value is there. You know damn well if that were the case, that appraiser is doing his own comp checks before he leaves his office and will continue to go and take the clients money even if he knows the value is not there...... Who are you kidding????/ |
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lgruey
657 Posts |
Posted - 07/18/2008 : 6:07:04 PM
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quote:
Originally posted by HMDApproved
ABSOLUTELY!!!!!
I will only order an appraisal based on value!!!!
If a homeowner owes $400k on a home and the appraiser tells me the home is worth $350k after he does his comp checks, are you suggesting I should have him do the appraisal anyway fully aware that the homeowner is wasting her money?????
That would make me as much of a dirtbag as the appraiser... I don't really care about the loopholes you hide behind, the homeowner shouldnt get screwed because the appraiser can't pay his bills!!!!
I can't believe that you actually admitted that you only order an appraisal based on value. As for "hiding behind a law", actually it is called following that law. I mean how dare me actually follow the law. Telling a homeowner what their house is actually worth is not screwing them over by the way. |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 6:15:03 PM
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When I suggest that the value be there, I am referring to the one particular job that I knew, based on what the woman owed on her home, she would need the home to be appraised at.
Had Fat Slob Rob said the house is not worth $400k based on his comp checks, I would have told the borrower I couldn't help her.
I certainly wouldn't ask the appraiser to lie about the value, that is why we are in the mess we are in and that is illegal.
Remember, it's the appraiser that signs off on an appraisal not the loan officer....
If I asked you to jump off a building for $300.00 would you...
Come on man, you and Rita are grasping at straws.. |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 6:20:07 PM
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If Borrower owes $400k
And Fatboy does his "free comp check" and says house is worth $350k
Are you suggesting I still have him go out and charge the borrower $475.00 for an appraisal that myself and the appraiser both know won't help her situation???
If that borrower was your mother or father I'm sure you would be singing a different tune... You are saying to charge the widow on the balls of her ass so you can get the job knowing it cant help her..... |
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ritabradley01
4945 Posts |
Posted - 07/18/2008 : 6:22:13 PM
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YOU blew it for this lady -
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 6:23:46 PM
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Its not a rookie mistake, its trusting the word of a dirtbag, scum bucket bottom feeding appraiser... If you look at the original post, you will see the question I asked...
You appraisers that feel the need to defend yourselves are all wrong on this? I asked the forum their opinion of one dirtbag, you guys are all jumping around defending a liar and a thief... So much for your ethics>> |
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PCook
429 Posts |
Posted - 07/18/2008 : 6:26:34 PM
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| You should be quiet - you are just getting buried deeper and deeper! |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 6:27:06 PM
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| Its also pretty comical that its all the appraisers defending this thief dirtbag |
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williamspeaking
4060 Posts |
Posted - 07/18/2008 : 6:28:34 PM
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How about this?
Most every mortgage operation worth a crap has access to locate comps THEMSELVES. Most title companies have sites that pull comps, zillow gives you an idea...Dont act like you are blindfolded. Do your own due diligence and stop whining on here because you have an effed deal.
second, even if your appraiser made it 400k the value would get cut anyway, as basically every lender is running an AVM on every file, which would lead to either a desk or field review...
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PCook
429 Posts |
Posted - 07/18/2008 : 6:30:01 PM
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| I don't defend him - but I sure as heck don't agree with you! So CHANGE the way you do business for your OWN sake! |
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HMDApproved
729 Posts |
Posted - 07/18/2008 : 6:32:02 PM
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you are missing the point, I asked the appraiser if this was a realistic value and if it was not, the woman could not afford to spend the money.
He said, "NO PROBLEM, DEFINATELY WORTH WELL OVER $400k" BLAH BLAH BLAH.
Fact is, he lied just to get the $475.00 knowing he was being a scumbag and taking the womans money even though her loan wouldnt work....
The point is, is he a dirtbag or not??? that was the original question... |
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williamspeaking
4060 Posts |
Posted - 07/18/2008 : 6:34:15 PM
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You are missing the point that you could have figured it out for yourself from any one of a handful of sites that 400k would be a stretch.
PS 30k short isnt very far off, its not uncommon to see 6 figure variances right now.
YOU wasted your clients money, not the appraiser. |
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lgruey
657 Posts |
Posted - 07/18/2008 : 6:34:21 PM
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quote:
Originally posted by HMDApproved
Its not a rookie mistake, its trusting the word of a dirtbag, scum bucket bottom feeding appraiser... If you look at the original post, you will see the question I asked...
You appraisers that feel the need to defend yourselves are all wrong on this? I asked the forum their opinion of one dirtbag, you guys are all jumping around defending a liar and a thief... So much for your ethics>>
No one is defending anything. You just don't want to listen. If you do business the way you are then you get people like this to work with bottom line.
You know what the woman needed. Fine, but you should have said OK I see that you need this now lets see what the appraisal says. You might not like it, but it is what is supposed to happen.
People have to realize that appraisers are not supposed to do things the way you want them to. If you choose to continue to do this and keep getting comps checks to base your deals on instead of informing the borrowers of how the process is actually supposed to work then you will continue to have to work with people like you dealt with.
An appraisal is used to make an informed lending decision. That decision can be yes or no. It was never meant to be done only if you can make sure that value is there first. You were asking that appraiser to appraise to a predetermined value and you know it. You have even admitted it. Appraisers CANNOT DO THIS. The appraiser should have never told you they could get that value or not. They should have just told you they can't guarantee a value and then you choose to do it or not, but all you would have done was move on to the next appraiser that would tell you they could do it.
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assassin17
7834 Posts |
Posted - 07/18/2008 : 6:37:55 PM
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quote:
Originally posted by HMDApproved
If Borrower owes $400k
And Fatboy does his "free comp check" and says house is worth $350k
Are you suggesting I still have him go out and charge the borrower $475.00 for an appraisal that myself and the appraiser both know won't help her situation???
If that borrower was your mother or father I'm sure you would be singing a different tune... You are saying to charge the widow on the balls of her ass so you can get the job knowing it cant help her.....
You're blaming everyone else for yourself being an idiot who doesn't know what he's doing. If you're so worried about old ladies, then pay her out of your own money since YOU messed it up and based everything upon a Comp Check Value.
Every comp check in the world could say "$400,000", but the REAL value is unknown until the appraiser steps onto the property and actually sees it. That is EXACTLY why the appraisal is requested, to prove the collateral is worth the amount lent out, proof for both borrower AND lender not to get ripped off. It's not ordered just to look pretty. I guess you would prefer that the old lady pay off an upside-down loan?
Yeah, you're about as thoughtful as Idi Amin and as bright as a lump of charcoal. It's people like you that caused the current real estate crash, which now makes people like you desperate to get anything through for a paycheck.
Unless, of course, you happen to know a lender that accepts "Comp Checks". I don't. I'm not an appraiser, I'm just someone who knows a tiny bit about WTF he is doing for a living and tries to do it right. You should have told the client that nothing was set in stone from a Comp Check value.
Where is Pam Crowley when you actually need her? |
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financeone
2332 Posts |
Posted - 07/18/2008 : 6:41:05 PM
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| Looks like your relationship with 'ol Robbie wasn't very good to begin with. It ain't closed, until it's closed. |
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