Appraise This

I just read about 4 AMCs that are in trouble for attempting to influence Appraisers to favor a predetermined value.  And by "in trouble" I mean facing fees and court judgements.  This is SOOOO funny to me...

The HVCC is imposed on us driving half of us out of business.  Many are taking jobs at well below acceptable rates and are expected to complete them in times well under what would be necessary to complete an Appraisal Report with full due diligence.  I have started a second business to cover what I have lost in my Appraisal business.  All this in order to prevent appraiser influence on the part of lenders.

Hahahahahahahahahahahahahahahahahahaha!

That worked well!  Great job folks!  What a winner!

I do work for some AMCs.  But I don't accept bargain basement fees.  Hopefully that will keep me from working for the ones with poor practices.  And I guess, at least for a while, I'll keep the second business to cover my liability costs!

My recommendation for the day: join an Appraiser Forum.  I like REAA Forum and Inland CA Appraisers Forum.  Great place for current information and great advice.  Both are on Yahoo Groups.  I follow each of them daily.