A line in the bill allows anyone with an interest in the purchase transaction to approach the appraiser about the appraisal. Doesn't that violate the confidentiality rule between the appraiser and the client?
RE: where have all the REO assignments gone? To BPOs and loan mods. If you're like me and used to do REO's for VA loans from OCWEN, they now hold the record for loan modifications. Don't blame AMCs or cheap appraisers for this, it's the govt who r...
If states would offer loans for up to 50% of the cost to retrofit, then the loan would have to be paid before the property title transferred. If I were a underemployed cash-strapped homeowner (oh wait, I am one) I would add the cost of the retrofi...
I started doing AMC work exclusively for over 2 years when it became the only work in town. I never accepted assignments with less than full fee, and since the 100MC, I've been paid $25 more per job. However, I wish the 1004MC form was worth $25 e...
I tell them the lender doesn't like me to say, but their lender will call them within a few days and tell them the results of the appraisal. When I tell them their lender has me on a short leash, they usually laugh.
I'm located in a rural area that has no high speed or broadband internet access and have to use the slow speed dial up. Does anyone use satellite internet and can anyone tell me the downside to it? Does anyone have trouble with web portals or any ...
The administrations response will be interesting in that the NAR has considerable clout and if they can get to first base with this issue, there could be hope for others. So far it seems the president's ears are just for show, IMO.
We look forward to learning from your experiences in the appraisal industry, to discussing appraisal issues, but even better to get to know the personal side of everyone on the app water cooler.