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AndrewSoss
1276 Posts |
 Posted - 05/29/2009 : 3:18:23 PM
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Purchase transaction.
Investor purchased for $375k cash at trustee sale. Listed property for $450k on MLS...had multiple offers, final contract price $459k.
Conventional loan, so I was limited in who I could take it to...ended up sending to Flagstar since they didn't have a hard 90 day anti flipping policy. They just scrutinize the appraisal.
We order through Flag's AMC (iMortgage).
Appraiser is given all the information on the transaction including the listing, previous trustee sale information, offers and counter offers, fully executed contract, pre w/ 24 mo chain etc...
Appraiser ends up mis measuring the subject property by about 500 sq ft. and subsequently uses the wrong comps. Instead of addressing the discrepancy with one of the agents, he submits his report with a value of $400k.
Buyer freaks out, seller freaks out, agents freak out. Buyers agent ends up emailing the appraiser to inform him of his mistake regarding the sq footage as well as some of the other errors in the report.
Appraiser amends report to correct the sq footage and provides new comps. He uploads corrected reports to iMortgage.
iMortgage says WTF, we didn't request an updated report, why did you correct the report?
Appraiser says that the agent informed him that he had the wrong sq footage.
HVCC VIOLATION - Agent isn't allowed to contact appraiser (even though she was the one who let him in the house to begin with). All communication has to go through AMC.
Appraisal is now voided. Flagstar now won't accept anything but the original $400k appraisal and deal is dead in the water since Flag was my only lender who could get around the flipping issue and the seller is just going to go to the next buyer in line.
Welcome to our new reality.
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Adept Appraisal
1730 Posts |
Posted - 05/29/2009 : 3:29:18 PM
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And if you had chosen that AMC yourself, had it been your decision, you could decide whether or not to re-use that service depending on the outcome/resolution. You could make that call.
But you could not, and can not not. They did it for you. Our friends Cuomo Phonie and Fraudie mandated AMCs, and ultimately a (likely) very underpaid appraiser.
And that is what's wrong with this. No free market Capitalism at work here, it's being shoved down our throats.
I hope it eventually gets worked out for you, Stewart.
Dave... |
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Annemieke Roell
1115 Posts |
Posted - 05/29/2009 : 3:52:34 PM
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If iMortgage would have hired a competent appraiser this would not have happened.
And if everybody had followed the new rules this would not be an issue and the deal would still be on.
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Adept Appraisal
1730 Posts |
Posted - 05/29/2009 : 4:23:47 PM
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Gee, "if."
Dave... |
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KHufford
11382 Posts |
Posted - 05/29/2009 : 4:32:01 PM
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Tell the buyer to thank his agent for compromising the deal. Its the agents fault for trying to get involved in the appraisal process, he should have notified you and you notify the AMC.
Agent should be fired.
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Mandyvilla
7939 Posts |
Posted - 05/29/2009 : 4:50:37 PM
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| Take a look at ING. I just read they don't have any seasoning requirements. |
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timbo8819
80 Posts |
Posted - 05/29/2009 : 5:23:00 PM
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I know this has been beaten to death - but here it is.
Not only does the service absolutely suck but the quality of the AMC appraisals is terrible.
50% LTV takes 3 and 1/2 weeks to get me an appraisal, Of the comps used
first one had wrong address, second was a dated foreclosure with no mention in appraisal it was a foreclosure, Third comp also a foreclosure with 28 days on the market in this environment.
Comment section horrible weak no in depth commentary at all. Gave us credit for a fireplace we do not have.
Anyone who is on here trying to defend this crap of a system needs their head examined or is benefiting from HVCC financially,
As a side note another AMC appraiser - appraises a home today I get an email from cust after and she states " He also asked what we needed for value"
Oh yeah this Cuomo guy came up with a winner here - My god |
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Annemieke Roell
1115 Posts |
Posted - 05/29/2009 : 5:27:49 PM
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| Oh yeah .... the HVCC is working really well ..... |
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Adept Appraisal
1730 Posts |
Posted - 05/29/2009 : 5:30:45 PM
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Ain't she just a regular Little Miss Sunshine...?
;^)
Dave... |
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timbo8819
80 Posts |
Posted - 05/29/2009 : 7:01:41 PM
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quote:
Originally posted by Annemieke Roell
Oh yeah .... the HVCC is working really well .....
For who please tell who is benefiting - Cust, sellers,LO's, Banks are getting a poor quality product, they may be benefiting because values are low and incorrectly arrived at lows but are losing good loans. Quality appraisers are working for less.
The only party I see getting any benefit here is the slup appraiser who due to service and quality of appraisals could not earn business in a normal competitive environment. |
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Adept Appraisal
1730 Posts |
Posted - 05/29/2009 : 7:30:27 PM
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| She's only happy when her I's are dotted and her T's are crossed, dude. Ann thinks HVCC is all that and more. |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 06:00:19 AM
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quote:
Originally posted by timbo8819
quote:
Originally posted by Annemieke Roell
Oh yeah .... the HVCC is working really well .....
For who please tell who is benefiting - Cust, sellers,LO's, Banks are getting a poor quality product, they may be benefiting because values are low and incorrectly arrived at lows but are losing good loans. Quality appraisers are working for less.
The only party I see getting any benefit here is the slup appraiser who due to service and quality of appraisals could not earn business in a normal competitive environment.
You must have missed the sarcasm in my typing. 
The HVCC is possibly the worst thing that could have happened to the consumer (whose benefit the HVCC was implemented) especially since the IVPI is nowhere to be seen. Appraisers are getting just as much pressure from AMCs as we were getting from lenders but we have nowhere to report them. |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 06:01:42 AM
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quote:
Originally posted by Adept Appraisal
She's only happy when her I's are dotted and her T's are crossed, dude. Ann thinks HVCC is all that and more.
And you are a moron. How many times have I written on this forum that the HVCC is bad? You are right on my *** the whole time so it is impossible for any observant person to miss that. |
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AndrewSoss
1276 Posts |
Posted - 05/30/2009 : 06:50:07 AM
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quote:
Originally posted by KHufford
Tell the buyer to thank his agent for compromising the deal. Its the agents fault for trying to get involved in the appraisal process, he should have notified you and you notify the AMC.
Agent should be fired.
I know what 'should' have been done, but obviously the agent didn't know the new rules.
My issues are that there was a clear material error in the appraisal, the appraiser was notified of the error, but because of how he was notified, the deal is dead. Just doesn't pass any sort of common sense test.
This doesn't happen a month ago. |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 06:57:15 AM
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quote:
Originally posted by AndrewSoss
quote:
Originally posted by KHufford
Tell the buyer to thank his agent for compromising the deal. Its the agents fault for trying to get involved in the appraisal process, he should have notified you and you notify the AMC.
Agent should be fired.
I know what 'should' have been done, but obviously the agent didn't know the new rules.
My issues are that there was a clear material error in the appraisal, the appraiser was notified of the error, but because of how he was notified, the deal is dead. Just doesn't pass any sort of common sense test.
This doesn't happen a month ago.
Nope. And it is ludicrous.
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Mandyvilla
7939 Posts |
Posted - 05/30/2009 : 07:05:50 AM
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quote:
Originally posted by Annemieke Roell
quote:
Originally posted by AndrewSoss
quote:
Originally posted by KHufford
Tell the buyer to thank his agent for compromising the deal. Its the agents fault for trying to get involved in the appraisal process, he should have notified you and you notify the AMC.
Agent should be fired.
I know what 'should' have been done, but obviously the agent didn't know the new rules.
My issues are that there was a clear material error in the appraisal, the appraiser was notified of the error, but because of how he was notified, the deal is dead. Just doesn't pass any sort of common sense test.
This doesn't happen a month ago.
Nope. And it is ludicrous.
Annemieke, don't you get it? Even when you agree with some, they are still going to take offense. There is a group here that would rather attack a poster than argue the merits of their position. Or, they'll post as ask for opinions and then be sure to come out swinging when you disagree with their position. Sound familiar? |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 07:10:58 AM
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quote:
Originally posted by Mandyvilla
quote:
Originally posted by Annemieke Roell
quote:
Originally posted by AndrewSoss
quote:
Originally posted by KHufford
Tell the buyer to thank his agent for compromising the deal. Its the agents fault for trying to get involved in the appraisal process, he should have notified you and you notify the AMC.
Agent should be fired.
I know what 'should' have been done, but obviously the agent didn't know the new rules.
My issues are that there was a clear material error in the appraisal, the appraiser was notified of the error, but because of how he was notified, the deal is dead. Just doesn't pass any sort of common sense test.
This doesn't happen a month ago.
Nope. And it is ludicrous.
Annemieke, don't you get it? Even when you agree with some, they are still going to take offense. There is a group here that would rather attack a poster than argue the merits of their position. Or, they'll post as ask for opinions and then be sure to come out swinging when you disagree with their position. Sound familiar?
Yeah, I get it .... I just forget sometimes (didn't have my required amount of coffee yet this morning).
It is like what Bush used to say: "If you aren't for us, you are against us". I guess most people want yea sayers rather than independent thinkers.
:) |
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Hopland
4686 Posts |
Posted - 05/30/2009 : 08:20:07 AM
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quote:
Originally posted by KHufford
Tell the buyer to thank his agent for compromising the deal. Its the agents fault for trying to get involved in the appraisal process, he should have notified you and you notify the AMC.
Agent should be fired.
It's the appraiser's fault. They should never discuss the appraisal with anyone but the client and in the case of AMC's then the appraiser discusses with the client by going through the AMC. The appraiser is a nitwit hired by one of the worst AMC's on the planet.
I fired eyemortgage as an approved client some time ago. I won't accept orders from them. |
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Adept Appraisal
1730 Posts |
Posted - 05/30/2009 : 08:35:29 AM
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Ann said:
"And you are a moron."
Little Miss Sunshine strikes again!
;^)
(Apparently unable, herself, to know when I'm having fun, s well.)
Dave... |
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Hopland
4686 Posts |
Posted - 05/30/2009 : 08:42:05 AM
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quote:
Originally posted by Adept Appraisal
Ann said:
"And you are a moron."
Little Miss Sunshine strikes again!
;^)
(Apparently unable, herself, to know when I'm having fun, s well.)
Dave...
She only said you're a moron because you keep taking random pot-shots from the hip, none of which have any support behind them. You're pandering to a broker audience. |
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MisterVA
9289 Posts |
Posted - 05/30/2009 : 08:49:03 AM
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| OP--Know a newspaper reporter? |
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AndrewSoss
1276 Posts |
Posted - 05/30/2009 : 08:51:24 AM
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quote:
Originally posted by MisterVA
OP--Know a newspaper reporter?
I do actually. That's a good idea. |
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MisterVA
9289 Posts |
Posted - 05/30/2009 : 09:00:21 AM
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| Make sure the reporter contacts the consumer FIRST. And make sure the consumer is open to the idea. The consumer should also contact the local US Congressional office. It is much better if you are not even a part of the story. |
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AndrewSoss
1276 Posts |
Posted - 05/30/2009 : 09:05:38 AM
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quote:
Originally posted by MisterVA
Make sure the reporter contacts the consumer FIRST. And make sure the consumer is open to the idea. The consumer should also contact the local US Congressional office. It is much better if you are not even a part of the story.
thanks for the advice. |
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Adept Appraisal
1730 Posts |
Posted - 05/30/2009 : 09:35:05 AM
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Ho,
No, I am not. I do not "pander," anyone who knows me knows better that that. Litle Miss Sunshine just can't stand it that I called her number, that's all.
If anything, she's at serious odds with you, not me, as you and she are diametrically separated the issue, you think this unnecessary act of colluded evil and corruption is "necessary."
Dave... |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 09:43:17 AM
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quote:
Originally posted by Hopland
I fired eyemortgage as an approved client some time ago. I won't accept orders from them.
Me too. They are a trainwreck and rude as hell. |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 09:48:08 AM
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quote:
Originally posted by Adept Appraisal
Ho,
No, I am not. I do not "pander," anyone who knows me knows better that that. Litle Miss Sunshine just can't stand it that I called her number, that's all.
ROFLMAO .... OF COURSE you are pandering.
quote:
If anything, she's at serious odds with you, not me, as you and she are diametrically separated the issue, you think this unnecessary act of colluded evil and corruption is "necessary."
Actually, Greg and I agree on 99% of issues dealing with these types of subjects. Even back in the days before I was banned from the AF we were pretty much in sync.
As for the rest of the statement .... you appear to be living in fantasy land.
As much as I would like to continue this peeing contest, I have 3 inspection to do today .... all AMC generated .... all more than full fee. |
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Hopland
4686 Posts |
Posted - 05/30/2009 : 10:35:04 AM
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You inspect on Saturdays? Sheesh!
LOL |
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Mandyvilla
7939 Posts |
Posted - 05/30/2009 : 11:20:30 AM
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The appraiser and the AMC appear to me to be way off the mark. First, the appraiser should never have reacted to the agent's email w/ a correction......That said, once the mistake was brought to his attention, and there was a legitimate mistake, I would think he had an obligation to amend his report, which was inaccurate. I don't know that he had to disclose to the AMC how the mistake came to his attention (and for that matter, did it really matter?). The FAQ for HVCC specifically state: "Q10. Does the Code specifically prohibit communication with an appraiser by a real estate agent? No." Appraisers need information from real estate agents and new home site agents on a regular basis. Not every transaction is in the MLS and I don't know one good appraiser that doesn't verify the information provided on the MLS. Verbal communication w/ the real estate community is essential.
So, what do appraisers do when they find they used faulty information that will effect the outcome on an already and very recently issued report? |
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Hopland
4686 Posts |
Posted - 05/30/2009 : 11:39:49 AM
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I think you may have misunderstood my post. An appraiser cannot disclose confidential information or communicate assignment results to anyone but the client (with certain exceptions for peer review groups and certain authorities). The appraier can (and should) discuss property features, characteristics and market information with real estate agents and brokers. Beyond that the appraiser cannot discuss what's going on with the appraisal with anyone but the client.
If the real estate agent called and made the appaiser aware that there was a signficant error then the appraiser should have simply thanked the agent and immediately contacted the client (via the method or protocol outline in the engagement agreement with the AMC) and made them aware that the appraisal may have an error and what steps the appraiser plans on making any necessary corrections.
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Mandyvilla
7939 Posts |
Posted - 05/30/2009 : 11:46:57 AM
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Actually, I was referring to the OP's comments:
"HVCC VIOLATION - Agent isn't allowed to contact appraiser (even though she was the one who let him in the house to begin with). All communication has to go through AMC."
As much as AMC's want to be control freaks, they really can't limit conversations between appraisers and realtors. Obviously, they are adding more layers to the rules they adopt, because agent contact is not a violation. Flagstar probably still won't accept that appraisal, but they are taking it to the extreme. |
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Adept Appraisal
1730 Posts |
Posted - 05/30/2009 : 12:57:33 PM
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Any appraiser, and I mean ANY APPRAISER, who complains about AMCs or HVCC, but still uses AMCs and/or isn't fighting AGAINST HVCC, is a hypocrite, bottom line.
Ann, that means you. This isn't rocket science, it's just simple logic.
Dave... |
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Hopland
4686 Posts |
Posted - 05/30/2009 : 1:05:32 PM
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quote:
Originally posted by Adept Appraisal
Any appraiser, and I mean ANY APPRAISER, who complains about AMCs or HVCC, but still uses AMCs and/or isn't fighting AGAINST HVCC, is a hypocrite, bottom line.
Ann, that means you. This isn't rocket science, it's just simple logic.
Dave...
AMC's are just another client. If they offer terms and conditions that are acceptable then there is no reason to not accept work from them. The reason they're so obnoxious is because there are so many desparate, ignorant, morally and ethically challenged so-called appraisers in the market at this time.
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KHufford
11382 Posts |
Posted - 05/30/2009 : 1:50:35 PM
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quote:
Originally posted by Hopland
quote:
Originally posted by Adept Appraisal
Any appraiser, and I mean ANY APPRAISER, who complains about AMCs or HVCC, but still uses AMCs and/or isn't fighting AGAINST HVCC, is a hypocrite, bottom line.
Ann, that means you. This isn't rocket science, it's just simple logic.
Dave...
there are so many desparate, ignorant, morally and ethically challenged so-called appraisers in the market at this time.
I have not encountered one...your theory is overblown.
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Hopland
4686 Posts |
Posted - 05/30/2009 : 2:26:51 PM
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You don't know beans about appraisal or appraisers. If you even knew one bean about the issue I wouldn't really care what non-sense you post. But since you don't even have a beans worth of knowledge about appraisers and appraisal I find your posts irritating, misleading, arrogant, obnoxious, pompous and ignorant but, curiously, entertaining.
And I say this with the utmost respect. Have a nice weekend. |
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Adept Appraisal
1730 Posts |
Posted - 05/30/2009 : 2:46:28 PM
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I agree with Hop. Kyle, you haven't a clue, so I can't take the weight of your response much more than I would a grain of salt.
As for the AMC "just being another client?" Uh uh, not necessarily, kemosabe.
IF that AMC is PART of the whole HVCC process (as opposed to merely being the default CHOICE of the lender to begin with) then you're lending legitimacy to HVCC by default.
I won't do that, and I regret that ANY fellow appraiser would.
By the way, despie what you two (Hop & Ann) may think I think of you, guess what? I am certain, to a conviction, that bot of youa re outstanding appraisers. Of that I have no doubt. That, however changes nothing with regards to my opinion of you doing business and lending credibility to any HVCC compliancy process. In my opinion you should be strong, say no, and let the weak and stupid remain the only viable choices for those dumb enough to have bought into the whole evil of HVCC. But you're not, neither one of you. You're weak, you rationalize this whole thing away as just business, and I do admit I hold it against you. As is my right.
IF the lender *normally* would go the AMC route, IF HVCC didn't exist to force our hand, then I'd say sure, go for it. THAT would be "good business."
ANY appraiser complaining about HVCC but turning around and lending credibility to the whole she-bang by working with AMCs is an hypocrite, plain and simple.
I won't do it.
Dave... |
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Hopland
4686 Posts |
Posted - 05/30/2009 : 3:01:58 PM
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| Third party originators must be separated from the process of engaging the appraiser. It's as simple as that. Do you have a better solution? |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 3:31:59 PM
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quote:
Originally posted by Hopland
You inspect on Saturdays? Sheesh!
LOL
Even Sundays if we have to. We are teaching most of this month so I inspect when I can. And Otis is here so he is tagging along, which is fun :) |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 3:42:02 PM
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quote:
Originally posted by Hopland
You don't know beans about appraisal or appraisers. If you even knew one bean about the issue I wouldn't really care what non-sense you post. But since you don't even have a beans worth of knowledge about appraisers and appraisal I find your posts irritating, misleading, arrogant, obnoxious, pompous and ignorant but, curiously, entertaining.
And I say this with the utmost respect. Have a nice weekend.
Don't hold back now.....
Kyle, sadly, Hopland is right. |
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 3:45:26 PM
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quote:
Originally posted by Adept Appraisal
As for the AMC "just being another client?" Uh uh, not necessarily, kemosabe.
IF that AMC is PART of the whole HVCC process (as opposed to merely being the default CHOICE of the lender to begin with) then you're lending legitimacy to HVCC by default.
Dave...
Nowhere in the HVCC does it say that a lender HAS to use an AMC so it is NOT the default choice by the lender.
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Adept Appraisal
1730 Posts |
Posted - 05/30/2009 : 7:16:01 PM
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You know my solution:
Fine the daylights out of firs time offenders, revoke licenses, without a trial, on the second violation. No will f&%$ with that. No one.
And, let us do the policing, I do it for free all day long as it is, with the extra incentive of really having an impact we'll have a national police force over night.
Oh, and Ann? Yeah, right, good one. Keep feeding the beast, Ann the beast you claim to hate.
Dave... |
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KHufford
11382 Posts |
Posted - 05/30/2009 : 7:32:52 PM
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quote:
Originally posted by Hopland
You don't know beans about appraisal or appraisers. If you even knew one bean about the issue I wouldn't really care what non-sense you post. But since you don't even have a beans worth of knowledge about appraisers and appraisal I find your posts irritating, misleading, arrogant, obnoxious, pompous and ignorant but, curiously, entertaining.
And I say this with the utmost respect. Have a nice weekend.
Been dealing with appraisers for years, ordered, read, reviewed hundreds of appraisals....get off your high horse, you are not the only competent appraiser in the world. I have gotten top notch appraisals from many appraisers since HVCC and they were all professionals when I needed changes or had questions they have all been pretty professional and accurate with me, just saying, you act like all other appraisers are retards.
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Annemieke Roell
1115 Posts |
Posted - 05/30/2009 : 9:37:41 PM
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quote:
Originally posted by KHufford
quote:
Originally posted by Hopland
You don't know beans about appraisal or appraisers. If you even knew one bean about the issue I wouldn't really care what non-sense you post. But since you don't even have a beans worth of knowledge about appraisers and appraisal I find your posts irritating, misleading, arrogant, obnoxious, pompous and ignorant but, curiously, entertaining.
And I say this with the utmost respect. Have a nice weekend.
Been dealing with appraisers for years, ordered, read, reviewed hundreds of appraisals....get off your high horse, you are not the only competent appraiser in the world. I have gotten top notch appraisals from many appraisers since HVCC and they were all professionals when I needed changes or had questions they have all been pretty professional and accurate with me, just saying, you act like all other appraisers are retards.
Kyle. when you say you need changes, what kind of changes are you talking about? (I am not being an smartass here, I am seriously interested) |
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Mandyvilla
7939 Posts |
Posted - 05/31/2009 : 06:30:02 AM
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| If Kyle is running into the common changes we are here, it's really mostly correcting inconsistencies or minor errors. Mislabeled pix, adding FHA case number to each page of report - rarely anything major that would effect value. (I recently had a beautifully detailed REO purchase where the appraiser took about 10 photos, but when he put them in the report, the labels didn't match - he labeled the screened porch as the patio area and visa versa). |
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Hopland
4686 Posts |
Posted - 05/31/2009 : 08:07:49 AM
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10 photos? LOL. I usually take 50 or 60 and put about 15 or 20 in the report.
Mislabeling. What a rinky-dink thing for an UW to get their panties wound up over. What they should be looking for is close-ups of things that are not typically shot as close-ups (hiding the fact that there is damage or that the roll-up garage door is actually the door for a 6,000 sq. ft. industrial building on the property and that there are 25 diesel trucks being repaired (actual example).
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Mandyvilla
7939 Posts |
Posted - 05/31/2009 : 08:43:33 AM
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Again, you are so quick to judge, overly so. How is it you have complete understanding about a report you have never seen? Maybe one area just had torn screening and it was the patio that had 8 photos? (Obviously, I am talking above and beyond the subject and required street scene photos). The example you site is an extreme for most markets. If it's typical for your market, then I certainly understand the overkill. Anniemeike wanted examples of "corrections" and these are everyday corrections. We are a correspondent lender (bank) that delivers loans to investors that will be sold to Fannie Mae or government pools. Minor stuff, but common.
Our appraisers are very busy and bending over backwards to give us excellent turn times (without a request from us). Remember, our "AMC" rotates orders among an approved roster appraiser list we provided. Some of these guys have had to let their help go when things slowed down and they haven't staffed back up again. We **get** that because we are doing the same thing at the bank. We are on overload, but we aren't going to staff up as if this market is going to continue forever, etiher. We've hired only where necessary and temped what we can. And we are not alone, otherwise, you wouldn't hear about 3 weeks in underwriting. So, when everyone is working that hard, silly, minor mistakes get made. I think Anniemeike was wondering if it was more than that and I seriously suspect not, as I am in a very similar environment as Kyle and deal with this everyday myself.
Yes, underwriters ARE exceedingly picky. Beyond so. And this is the price we are paying for the prior sloppiness that is being uncovered. Get use to it. The underwriter's requirements are now on steroids. |
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Annemieke Roell
1115 Posts |
Posted - 05/31/2009 : 09:40:18 AM
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quote:
Originally posted by Mandyvilla
If Kyle is running into the common changes we are here, it's really mostly correcting inconsistencies or minor errors. Mislabeled pix, adding FHA case number to each page of report - rarely anything major that would effect value. (I recently had a beautifully detailed REO purchase where the appraiser took about 10 photos, but when he put them in the report, the labels didn't match - he labeled the screened porch as the patio area and visa versa).
Makes sense. Thank you, Mandy ..... |
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Old Dawg Apprais
1 Posts |
Posted - 05/31/2009 : 12:36:37 PM
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Hey y'all. This looks fun. I can say that I've seen the fees paid by iMortgage and I can tell ya that I'd rather be flippin burgers. What a joke. Skippy appraiser working for $100 for a 1004 and taking 40% of that !!! HAHAHAHAHAHAHAHAHA
AMC's need to either pay for competent, experienced appraisals or go away. Everybody should be fight this garbage. |
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Hopland
4686 Posts |
Posted - 05/31/2009 : 6:43:35 PM
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quote:
Again, you are so quick to judge, overly so. How is it you have complete understanding about a report you have never seen?
Before you accuse me, take a look at yourself
Before you accuse me, take a look at yourself
You say Ive been spending my money on other women
Youve been taking money from someone else
I called your mama bout three or four nights ago
I called your mama bout three or four nights ago
Well your mother said son
Dont call my daughter no more
Where did you get the notion that I was judging anyone or anything. I was just telling a funny story about an appraiser who took a close up picture of a metal roll up door and called it a workshop. They were hiding the fact the property was 22 acres, zoned for multiple uses including commercial, had 3 acres of asphalt,was leased for a couple of years to a multi-county waste management company and was currently being used as a deisel repair facility.
I was also illustrating how easy it is to mislead intended users of appraisal report with photos.
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Adept Appraisal
1730 Posts |
Posted - 05/31/2009 : 7:49:01 PM
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Hop,
You wondered:
"Where did you get the notion that I was judging anyone or anything."
Given that you have to wonder things like this on a regular basis should be a klaxon call for you.
(Now don't get mad at me, Rita, you see this happening time and time again.)
Dave... |
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Hopland
4686 Posts |
Posted - 05/31/2009 : 8:10:41 PM
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| More pandering. |
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