I had an an attorney as a regular client paying me off for the last one when she needed a new one, all SFRs.

She was a regular and the payment schedule worked for me, some times I testified, but mostly uncontested appraisals.

THEN one day I received a letter from the FEDERAL Courts, inviting me at a meeting for an order of relief from all dischargable debts.

WOW!!

Be careful in dealing with attorneys, Know who your client IS.

I had the invitation framed 38 years ago. Education Ain’t cheap.

A pay check in a wavering industry may no good either

I spend more than 15 minutes per report verifying the ownership interest that exists in the appraisal I am being asked to complete. Since that’s what’s actually being appraised, I always considered it important enough to get right.

For the record AMCs, there is no such thing as a 1004 appraisal. There are fee, and leased fee interests in single-family residential property. Many, if not most of those fee or leased fee interests are further diminished by public utility easements. Some are diminished further by specific jurisdictional limitations or curtailment of rights such as rent control or statewide tenant-landlord laws aside from limitations imposed by rental agreements or leases.

Shared driveways or other easements for common ingress and egress among neighbors may be factors. I cant tell these in the first 30 seconds when the order is first placed & the AMCs business model requires instantaneous acceptance. There are literally dozens of other federal, state, local or neighborhood conditions that may affect that bundle of rights that I am being tasked to appraise.

I can determine the potential for some unusual conditions in my preliminary research, but I can’t determine all possibilities.

In part, that is what the site visit and professional analysis of site conditions is for. For example, that Encino California homeowner that only had a 10 feet deep backyard in 1995 when the property was originally appraised due to a steep upslope hillside in the back, but who had graded away 25 additional feet by removing the slope closest to his home…without permits 10 years later. Would it have been apparent to an appraiser that had not performed the earlier appraisal? Most likely. Since the hillside was already failing and sloughing off down into the back yard again.

Any impact on value, marketability and indeed improvement habitability? You betcha!

Waivers keep coming about unexpectedly and scare everyone, sort of like ghosts. The previous incantations of them were known as PIR requests, drive by’s, and streamline refinances. Even back then lenders had sense to still use the appraisers services though. These days the haunting is real. Lenders will order thousands of appraisals daily which appraisers spend time on, then the order is suddenly cancelled and nobody gives the appraiser any explanation. It turns everyone from the clerk to the sales agents against the appraiser. I’ve never before seen so much unethical behavior from these people as when they try to cover up a suddenly removed order and vainly hope to keep the appraiser from knowing why.

There’s always the jokers at metro west lmfao

There is a union..American Guild of Appraisers.

For those that address the specified ‘concerns’ without a copy of the appraisal review, you are putting your heads directly on the chopping block. Please stop committing professional suicide.

no

This looks like an Amrock AMC program. The good news is they sent this to me a year ago. Looks like they’re having problems finding appraisers that want to do this!

You hit the nail right on the head !!!

The road to ruin has been laid one brick at a time, and unfortunately those most often visible at the top, have the most bricks.

Seek the truth.

Every 2 weeks? A steady paycheck? All I have to do is say yes? I may have been doing this wrong.

That was a clever reference for all this disclosure recently where appraisers have learned that quite a few amc’s out there have parent title companies out of Canada. Pass me the beer eh?

Canada is cold. I would never blend in anywhere cold!! I’m a tropical kind of guy.