Comments on: Good Old Days of Appraising! https://appraisersblogs.com/appraisal/the-good-old-days/ Appraisal News and Tips for Real Estate Appraisers Thu, 20 Oct 2022 19:19:02 +0000 hourly 1 https://wordpress.org/?v=7.0.2 By: Baggins https://appraisersblogs.com/appraisal/the-good-old-days/#comment-35952 Thu, 20 Oct 2022 18:08:44 +0000 http://appraisersblogs.com/?p=6257#comment-35952 In reply to Retired Appraiser.

I’m 8 years late reading this. That can’t be a true story… Is it?

]]> By: Retired Appraiser https://appraisersblogs.com/appraisal/the-good-old-days/#comment-11138 Fri, 06 Jun 2014 10:57:15 +0000 http://appraisersblogs.com/?p=6257#comment-11138 In reply to Lori Noble.

Your fee may be stuck in the cloud as well but you can always go after the CEO. I once made a trip to Florida to visit a scumbag AMC owner that refused to pay our fee. For some reason skeezebags respect for a Louisville Slugger more than an attorney’s phone call. That trip was well worth the money. It also had the added benefit of convincing me to leave the rat turd business of appraising to folks to people who are willing to work for chump change.

I highly recommend the Louisville Slugger for any appraiser that is insane enough to stay in the business. Far cheaper than a lawyer and I most cases you never have to ask for your money. They’ll know why you’re there.

]]> By: AppraiserMorons https://appraisersblogs.com/appraisal/the-good-old-days/#comment-11136 Thu, 05 Jun 2014 23:36:38 +0000 http://appraisersblogs.com/?p=6257#comment-11136 Why does that amaze you? They are not responsible if something happens. The appraiser is.

]]> By: Mike Ford https://appraisersblogs.com/appraisal/the-good-old-days/#comment-11132 Thu, 05 Jun 2014 18:02:25 +0000 http://appraisersblogs.com/?p=6257#comment-11132 John, “I feel your pain…”
A HUGE part of the problem is that both FNMA and larger banks, like to deal with so called “National AMCs”, which means they prefer to deal with a very large company with almost zero understanding of real estate, real estate appraisal or FNMA policies at the operational or ordering levels. These companies in turn claim ‘huge networks’ of appraisers across the country, when in fact, they have comparatively few.

The real question to me is how one of these idiotic 5 acre carve outs was ordered in the first place. The AMC should have quashed this one as soon as the order came in. “Please provide the exact legal description of the property you want appraised.”

It amazes me that there are still lenders or AMCs out there that encourage appraisers to violate USPAP.

]]> By: Lori Noble https://appraisersblogs.com/appraisal/the-good-old-days/#comment-11129 Thu, 05 Jun 2014 13:10:21 +0000 http://appraisersblogs.com/?p=6257#comment-11129 A few months ago, I completed an REO for Fannie. The AMC closed it’s doors and left my completed appraisal sitting in the portal cloud. Shortly thereafter, the AMC announced their bankruptcy, so I’ll never see that fee.

Consider this, if Fannie can’t properly vet an AMC how are banks and regulators supposed to know what’s going on inside those cubicles?

Just sayin’….. 🙂

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