Appraisers Blog

DECEMBER 27, 2023

A view from someone who has no idea what Appraisers do. A fine of $10,000 for the first offense would put most Appraiser out of business. If that’s what you want, good luck buying a home in New Jersey. In reply to hammering hank.

Appraisal 55

Appraisal 55

Appraisers Blog

DECEMBER 28, 2023

In this brave new world it is now considered discriminatory if a borrower does not pay over 100% of the market value for real property. A steady stream of ever higher home sales price also keeps that increased tax money flowing which is where the real incentive lies.

Appraisal 54

Appraisal Marketability 54

Appraisers Blog

DECEMBER 24, 2023

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

Appraisal 54

Appraisal Comps 54

Appraisers Blog

DECEMBER 23, 2023

"Well, I guess no one will be doing appraisals in New Jersey. " said one appraiser. or maybe the standard fee is going to be $10,000?"

Appraisal 56

Appraisal 56

Appraisers Blog

DECEMBER 25, 2023

"Well, I guess no one will be doing appraisals in New Jersey. " said one appraiser. or maybe the standard fee is going to be $10,000?"

Appraisal 55

Appraisal 55

Appraisers Blog

JANUARY 2, 2024

Are you an appraiser? Don’t you prep for your assignments without knowing the racial identity of the appraisals completed for lenders? Furthermore, which is worse for the borrower — to appraise a property above market or below market? In reply to hammering hank.

Appraisal 54

Appraisal Marketability 54

Appraisers Blog

DECEMBER 25, 2023

Those guidelines you refer to, that have been in place since before I started, is why these new guidelines, laws, and fines are redundant at best, and caustic virtue signaling by ignorant politicians seeking to pander to ignorant race baiting activists at worst. What makes you think I want to cry? Nice try moving the goal posts.

Appraisal 57

Appraisal 57

Appraisers Blog

DECEMBER 27, 2023

"Well, I guess no one will be doing appraisals in New Jersey. " said one appraiser. or maybe the standard fee is going to be $10,000?"

Appraisal 55

Appraisal 55

Appraisers Blog

DECEMBER 24, 2023

HH, I don’t usually feed the trolls, but what makes you think that you are qualified to determine what “common sense guidelines” for appraisers are? You obviously are not an appraiser and appear to be in way over your head.

Appraisal 55

Appraisal 55

Appraisers Blog

DECEMBER 22, 2023

Make certain you are ONLY doing appraisals for Buyers/Sellers that are the same as you. If you receive a request to complete an appraisal report for anyone in those classes… just pass. Review which classes are protected. Avoid whenever possible. Sometimes you may not be able to tell… just do your best. Minimize the risk.

Appraisal 56

Appraisal 56

Appraisers Blog

DECEMBER 25, 2023

The GSE’s appraisal developmental guidelines, the appraisers Uniform Standards of Professional Practice guidance, the CFPB Reg Z confirmations and interpretations, and the core regulatory guidelines contained within Dodd Frank, Regulation Z on Appraiser Independence, and FIRREA Title XI not enough regulatory guidance on the matter?

Appraisal 43

Appraisal 43

Appraisers Blog

DECEMBER 22, 2023

"Well, I guess no one will be doing appraisals in New Jersey. " said one appraiser. or maybe the standard fee is going to be $10,000?"

Appraisal 42

Appraisal 42

Appraisers Blog

JANUARY 2, 2024

In reply to hammering hank. I’m sensing severe TDR in this one… What’s it like to live life like a parrot in a cage, screeching red blue red blue all day? You were saying something about ‘educated opinions’? Bruh, turn off the television.

Appraisal 41

Appraisal 41

Appraisers Blog

DECEMBER 30, 2023

While I cannot speak for any other appraiser, 90% of the time – I do not know if the buyers are in a protected class, and many times for the sellers as well. I have appraised homes for all types of people, and as I value my ethical duties, would never even consider changing a value because of a certain class.

Appraisal 41

Appraisal Marketability 41

Appraisers Blog

DECEMBER 22, 2023

They want appraisers gone so that they can line their pockets faster, without as reliable, credible, unbiased party being a cog on the wheel to halt when the consumer is being railroaded into a bad loan that is unsupported by the market. In reply to Seneca.

Appraisal 42

Appraisal Marketability 42

Appraisers Blog

DECEMBER 22, 2023

Hilarious they think there will ever be a second and third offense. Who is sticking around in this profession after a $10,000 fine? Or any profession. At least I live in a state to where this craziness will never happen.

Appraisal 42

Appraisal 42

Appraisers Blog

DECEMBER 22, 2023

In reply to Mark S. Unfortunately, You are exactly right. ? They don’t want an independent, neutral professional. They want control… and it’s coming.

Appraisal 43

Appraisal 43

Appraisers Blog

DECEMBER 22, 2023

and this is the other unintended consequence; not enough Appraisers to do the work as many will avoid any areas that could be an issue. Then they will complain that Appraisers are avoiding them or that the time is extended trying to find an Appraiser to do the job. In reply to Older and Maybe Wiser.

Appraisal 43

Appraisal 43

Appraisers Blog

DECEMBER 23, 2023

correct…just a new trigger word for the uneducated MAGA crowd. In reply to Solditman. typical “woke” nonsense from fake conservatives who lack morals or ethics. woke is the same as pol.

Appraisal 43

Appraisal 43

Appraisers Blog

DECEMBER 22, 2023

However with all of the current oversight, UAD checks and balances and algorithm and human review I do not think it is in any way possible to perpetually over/under value properties. It just isn’t possible and certainly not on any large scale basis. This entire concept is flawed IMO.

Appraisal 43

Appraisal 43

Appraisers Blog

DECEMBER 22, 2023

"Well, I guess no one will be doing appraisals in New Jersey. " said one appraiser. or maybe the standard fee is going to be $10,000?"

Appraisal 42

Appraisal 42

Appraisers Blog

DECEMBER 24, 2023

I guarantee I have more experience appraising than you do. Is there something confusing about promoting or exhibiting straight forward ethics in appraising? Appraisers are quickly doing assignments without deep thought, research, or proofreading. Common sense guidelines? That IS the issue here.

Appraisal 42

Appraisal 42

Appraisers Blog

DECEMBER 27, 2023

"Well, I guess no one will be doing appraisals in New Jersey. " said one appraiser. or maybe the standard fee is going to be $10,000?"

Appraisal 43

Appraisal 43

Appraisers Blog

DECEMBER 23, 2023

In reply to Coach. yes “other” duh. as in misrepresenting and utilizing misleading neighborhood comps, data, and locations. try to keep up.

Comps 42

Comps Appraisal 42

Appraisers Blog

DECEMBER 22, 2023

Protected classes of homeowners (IF the Appraiser knows the race of the homeonwers) will be over valued, because Appraisers cannot afford to be sued and pay $25,000 to $50,000 for an offense that they cannot prove. Not Appraisers! What a joke this is. Try placing the blame where it is due…Lenders and Realtors.

Appraisal 43

Appraisal Marketability 43

Appraisers Blog

DECEMBER 22, 2023

But their (puppet-masters) purposes are not what they state, it is to eliminate appraisals completely paving the way for more and bigger loans to people who will default (as noted above) and implement the Great Reset (You will own nothing and be happy!).

Appraisal 42

Appraisal 42

Appraisers Blog

DECEMBER 22, 2023

In reply to hammering hank. you should go back to your basement and wait for your mommy to feed you and stay out of the big people conversations 2

Appraisal 42

Appraisal 42

Appraisers Blog

DECEMBER 28, 2023

The borrower will be handed ahead of the appraisal, instructions on how to complain to the states civil right division upon any suspicion of a discriminatory appraisal. Then back to the final bill, observe the language changes, subbing out direct reference for appraisal management companies. link] Initial bill. 45:14F-27 et al.)

Appraisal 56

Appraisal 56

Appraisers Blog

DECEMBER 31, 2023

Except if you’re in the real world and accepting amc appraisal management company assignments. It’s basically impossible to maintain appraisal independence if contracting with most of the amc’s out there. The appraisal management industry, the long arm of predatory lending. In reply to ClaireB.

Appraisal 55

Appraisal 55

Appraisers Blog

JANUARY 1, 2024

This is a direct and precise result of appraiser independence being carried to the normal extreme. Appraisers are naturally independent and opinionated individuals. now how many thousands of appraiser associations are there? and out of all those-is the TOTAL membership representative of ALL appraisers? auto workers?

Appraisal 54

Appraisal 54

Appraisers Blog

DECEMBER 22, 2023

In reply to hammering hank. Are you serious? This is nothing more than WOKE BS and government overreach. Pure ignorance by the Democrat Socialist Party as usual. Whatever they accuse others of is what they are doing.

Appraisal 43

Appraisal 43

Appraisers Blog

DECEMBER 22, 2023

They argued that appraisers could be unfairly penalized for undervaluing a home due to factors other than bias or prejudice. You omitted the most important part: DUE TO FACTORS OTHER THAN BIAS OR PREJUDICE “Republican critics of the bill, however, expressed worries that it would lead to unintended consequences. “ 3

Appraisal 42

Appraisal 42

Appraisers Blog

DECEMBER 22, 2023

“Republican critics of the bill, however, expressed worries that it would lead to appraisers who simply made a mistake in their assessment and was unaware of the homeowner’s protected characteristics would still face steep fines if they were found guilty” Typical crybaby hypocrites.

Appraisal 42

Appraisal 42