Worse than that. Real case: Yesterday a member calls to tell me he completed a “PDR” which appears to be some kind of field inspection only – no value. Distinct order and #. $150 fee. A week after completion lender AMROCK supposedly wants it ‘converted’ to a purchase appraisal (1004) for $400 BUT they will no longer pay for the inspection they ordered. Says appraiser would have had to do the same stuff he did in the PDR for the appraisal anyway. The appraisal is a separate order #.

Separate type assignment altogether. There is nothing to ‘convert’ especially after delivery of a non-appraisal product.

After thinking about it this seems a lot like the $149 PIW fees where the borrower is told NOT to get an appraisal until they see if the property qualifies for PIW; and if it doesn’t they (some lenders) are offered a full appraisal for “only” $149 more!

Now these are different amounts than our member was cited but the idea is the same. NOW these bastards want appraisers to inspect a property so they can then go back and coerce them into doing a discounted appraisal! TWO different products and apparently one they believe it is ok to default on their obligation to pay!

As soon as we can determine the type of loan that was involved we will file a complaint against AMROCK with their federal regulators as well as state (AMC) licensing board.

In the meantime any appraiser that does the First American/ACI designed PDR reports is asking to get stiffed…not to mention undermining their own profession.

So appraisal waivers for everyone. Except in the event an appraisal is completed, those appraisals should be reviewed to make sure they comply with USPAP

https://www.regulations.gov/document?D=OCC_FRDOC_0001-0233

Click open docket folder. Then click view all in comments.

Deborah, outstanding on the political contact. That’s how it all starts. Just keep in mind any one of us can toss that pebble in the pond and get the ripples started. Once something resonates with appraisers I can’t think of a more effective group of communicators and individual lobbyists.

Keep in mind, Many Feds, from numerous agencies READ THIS BLOG!

I got a few things together and it was getting late so I’ll make my comments online later, but I wrote a personal memorandum expressing my opposition to the proposed change in de minimus, and attached your article on Freddie Mac because he is on the Finance Committee, and I wanted him to have some materials, and meet him. I did and spoke to him at the end of the meeting, and lobbied him to consider opposing this change in de minimus – I also said that we go through background checks, and protect the public trust like to software program can do, and we are needed but are being disrespected and destroyed by banks, and it has already eaten up a ton of Main Street families income for housing, so we need to do something with that. I live near where that guy brought a gun to school in Eugene the other day while involved in a custody dispute; the police were escorting him off campus and I think he pulled his gun – then they shot and killed him – right at the middle school down the street. I told him I am required to get background checked every year as I renew in alternating years my Oregon and California Appraiser’s License and that I shouldn’t be considered more dangerous than a guy who takes a gun to school. I am waiting for the investigation to decide what else could have been done.

Anyway, wanted you to know your writings have been shared.

Baggins, comments must be received by 2/5/2019.

Exceptionally generous and kind of you Wayne. I’d welcome the chance to meet you as well as see our AGA Rep Tony, his buddy Wade and a whole host of our TX AGA members in or near San Antonio.

Maybe I can coordinate it with seeing my brothers, and their Mom. We’re fine with any of the hotels or motels in or near SA, but the guided tour sounds too good to pass up. Probably can’t break free though til June or July when my daughters out of school.

NOW to figure out how to convince the GF…and that lack of degree thing (Thank you Mr. Brenan!). Wonder if I could recip and convert to permanent?

Do some google research for Caddo Lake…also Lake O’ the Pines, Martin Creek lake, Murval Lake, Toledo Bend, Lake Sam Rayburn and on and one…you can drown here! :LOL We have a lot of lakes, pine trees, Oil wells, gas wells, lignite coal..some poor folks like me and some that are as rich as six foot up a bulls ass…but that is just Texas! Little dinky airport in Marshall, TX with a population of about 24,000…airport can accomidate the lear jet? duh?

Austin, San Antonio, Waco and all of that is just bumper to bumper city. Take a trip from Houston to Galveston. the city limit signs are back to back…TEXAS is exploding with People moving here….so many idiots from CA…Pardon…but in my area it is rural….I can be on a plane to Hawaii within about an hour…Or be at horse races or casino in an hour. I can fish for catfish or alligator…goats are next to my house begging for crackers….just a lot of fun here!

Mike…come join me…miles and miles of pine forests. lakes and more lakes…Opps…we are coming to a town…Pop> 202…then we are going thru more Pine forests and NO toll roads! Did I mention No dam traffic and no toll roads??? Come spend a few days with me! You will love it!

Ice tea is good….You are welcome but we do not need all of those ca folks here..Really TEXAS is just heaven on earth and really we are selective as to who can move in! LOL No shirt…this Texas thing is wonderful…we live the life of Riley…until the CA folks start scooting in! LOL….Can you tell that I like TEXAS?

I dont blame you re stickers. Texas has always been a self help independent state. Beware of growing your urban areas too large or you will have numerically smaller, but concentrated voting blocks controlling the rest of the state. That’s how we lost it out here.

Two of three cities can control the entire state (San Francisco; Los Angeles and San Diego).

If I could convince my GF and daughter to move I’d do it in a heartbeat. Besides, my two brothers are located in San Antonio (one conservative and one liberal): I could upset the family balance of power!

The downside, is you guys have to work too hard-non disclosure state. Catch ya next time on that ‘beer’ if we can make it ice tea.

Mike…I understand, it costs more to be in California than Texas…. You should have stopped by when you were in San Antonio….I would have bought you a beer! LOL

Back in the 1980’s we had bumper stickers that said “WELCOME To TEXAS, now go home” LOL

Gee Mike…we are talking about three tracts of rural acreage. I think about 30 acres, 20+/- acres and 7 acres. This assignment is like falling of a log….Would take me less than one day to wrap it up. $1,800. for one days work? I really wanted to jump on that but the FACT that a Gdamn AMC is involved….NOPE, NOT ME!

I don’t think appraisers ever retire…we just slow down a bit. We should really talk about time costs for analyzing complex fractional ownership interests in real estate some time. As long as I don’t suggest that $4,500 would be my quote for the job you described – so we all should charge that much, we are ok with respect to Sherman Anti Trust. I would NEVER suggest such a thing.

It’s interesting to hear what C&R fees are across the country. Makes it even more incredulous that banks think a national one size fits all TRID quoted appraisal fee could ever be anything other than price fixing. Thanks for reminding me.

JW, we at AGA appreciate your membership, trust and support. As we do all of our members. Thank you.