The highest price in terms of money, is used in some federal cases.
The appraiser should provide some explanation of highest price, and in terms of money.
The Appraiser should identify his client.

Lets pull down the “mirror” and reverse it upon the lenders and AMC’s by requiring that all lenders and AMC’s employ review appraisers and accept 100% liability for the accepted appraisal reports.

Yes, someone hit the stupid button.

Face book xcluded me for a year for relating a color story about Wm of Orange and Ann from green Ireland and starting a 100-year war?

Fat Tuesday is tomorrow, at least some celebration will proceed this which craft event.

MARS or NESTLY?

The Cities, the counties, the state and the federal government are all contributing (GIVING) money to encourage SFR ownership. There has to be some recognition of these subsidies by the Appraiser, because no one else will.

I had to explain a 1031 exchange in an SFR appraisal. What an awkward situation, because the aftersale was substantially lower, the TAX Boot was the reason for the trade.

The quickening is near. On that thread there were several other appraisers whom claimed same thing currently happening to them, less the counter suit.

Where do errors and omissions insurers come into this? Why would appraisers need additional help, when these groups are explicitly in place to help appraisers with claims.

FYI some of the contested uspap language supposedly is written by the same lawyers suing appraisers. With trade group representatives like that, who would need enemies? I’ve quit trying to keep up with the corruption in this industry, there appears to be more appraisers and companies whom work with appraisers whom prefer unethical corrupted approaches, outnumbering honest interests these days. Your tax dollars, hard at work.

Yup, that’s the one.

https://appraisersblogs.com/appraiser-countersuing-black-homeowners-4-defamation

Joe, same story or different? If you need timely valuation industry news, come here first.

Look, just ask a simple logic challenge question; What exactly is wrong with low prices? Would you rather pay more or less on your monthly payment? Flip the tables because at this point it seems the minority block has been more effective at resisting higher taxation. Which is why these groups are currently targeted by the federal government and their partner progressive jukebox 501c agencies.

Or you could have quipped back, this home right here just bought for X amount which is X less than the other side of town. Let’s go ask them if they’d prefer to have an instantly higher payment amount, to accommodate your wish for completely even valuation regardless of location and regardless of the purchasing power. Additionally you should have acquired this appraisers name so you could have turned him into the state agency, for failing to uphold a peer standard, failing to even attempt to maintain public trust in the process. However at this point there are undoubtedly a thousand drooling social justice activists out there masquerading as appraisers online, supporting the current thing and all.

These mindless zombies, but if you put them in front of a purchase situation for themselves personally, all you’ll hear is complaints about high price and affordability. This cake is an obvious lie. These events are intelligence tests which most people are failing. Please try not to upset the internet, unless you’re willing to take it all the way to the finish line and actually win. Go back for round two and challenge that person to support such a hypothesis in a room full of appraisers, whom congregate in a different sort of social media setting which is more professional and better moderated; here.

I got into an argument recently in another social media platform. Man had his home in an urban area appraised. Per his conversation the black appraiser told him that one side of the town appraised higher than the other side and this was because of the demographic. I tried to no avail to tell him that utilizing sales outside the immediate development/neighborhood would be cherry picking to get either a higher or lower value and that even I who lives in a rural area would want comparables from my more immediate location. He just didn’t get it and felt justified because an appraiser had told him that using comparables from the immediate area (apparently in the low end of the range) was a racist thing to do. I gave up.

How long can the traditional definition of ‘market value’ hold up, with such continued streams of subsidized programs, parity pricing schemes, and special privileges granted to one group but not the other, effecting their relative cost to the buyer? If you thought historical analysis relative to the lending rate at the time was complex, just wait until equitable appraisals hit. The invisible hand is writing in a locked box like something out of Adams Family. There is no such thing as free lunch.

Lots of appraisers use (The highest price in terms of Money, some use the most LIKELEY price on terms generally available). they ain’t he same, we’ve changed, justified for some CONTRACTS, not for others. Knowledgeable appraisers know the difference, and many more definitions and use them.
Some appraisers use the 1004 improperly.
We can be sued for almost anything, our contracts, writing style and a goood personality, MAY have something to do with it?

We all have personality, Thank God, you know some spel with few capitols.

I will give you the most intellectual response I have heard, if you can call it that…..”sounds about white.” People want to believe certain things and will rationize it in their head however they want to.

Its like you go to two different doctors, one gives you a clean bill of health, one says you have cancer. You don’t want to hear the one that says you have cancer so you call them racist. You go on TV shows calling them racist and people clamor about how racist doctors are and how the one that claims you have cancer should be fired. Others doctors have the question…well does he have cancer…and no one even cares about that. Clearly the one that gave the clean bill of health is correct because that is what they want to hear.

So then the unintended consequences come. Doctors don’t dare want to report their patients health accurately or be accused of racism.

Same will happen with appraisals, appraisers will be afraid to report accurately or be branded a racist.

It might help to have a qualified licensed appraiser in charge of this organization…

They want to run housing like the stock market, be in total control of algorithms, stay ahead of the game with the insider trading circles. Central planners tend to disagree with independent voices.