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Comment on LoanDepot Appraisal Discrimination Settlement by Lindsey

Appraisers Blog

I actually think the 4th appraisal used a couple superior comps in terms of quality of construction and 3 car garages. Appraisal 1 and 3 seemed decent. A lot of smaller GLA comps were used though in comparison to the subject. In reply to CRAIG PREECE. Yeah I saw that too.

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Comment on How Many Fees Are Needed for One Appraisal Order? by Baggins

Appraisers Blog

Or maybe he lives in the heart of the city and takes elevators to provide appraisal services on perfect square boxes with plentiful comps, mere minutes away from the home office. 1-2 hours inspection and comps. Two and three a day appraisers using typing services, outsourcing, comps sharing, click and go pre write.

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Comment on New Jersey Draconian Penalties on Appraisers by Coach

Appraisers Blog

In other words you believe that if an appraiser is incompetent and utilizes wrong comps, data, etc. In reply to hammering hank. then he must be racist/biased! smh Never attribute to malice that which is adequately explained by stupidity 1

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Comment on LoanDepot Appraisal Discrimination Settlement by Spencer Paul

Appraisers Blog

The appraisal reports included are not from this Connelly/Motts v Lanham case. 3 comps and 1 active leave little ground to stand solidly on in court. Is there any means that we can get those to review? I’m glad I’m not having to defend such work.

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Comment on The New Appraisal Profession – Why bother! by Baggins

Appraisers Blog

Because we refuse to sign off on their inflated figures which don’t comp in the market. Bpo’s are a totally inadequate substitute for a real appraisal, even a desktop. That’s why I still to this day comp search everything and simply decline orders if I can’t see an avenue to success.

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Comment on FNMA Continued Effort to Get Rid of Appraisers by Dennis L

Appraisers Blog

I saw where somebody above commented that they had a complaint also and that FNMA was not accepting the comps they had used and wanted other comps that the appraiser considered to be not comps. I appraised a house built in th 1970’s when new homes were basically boxes with low pitched roofs.

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Comment on AMC Fee Impact on Appraisal Fee by Retired Appraiser

Appraisers Blog

Ralphy is busy making $300 per appraisal and thinks he’s getting rich. He should be earning $700 to $1,200 per appraisal. I wouldn’t take comp photos and make a trip to the county records office for $300. In reply to Spencer Paul.