Doc stamps are only an indication of price paid. Escrow officers, Recording officers, developers, etc. Are frequently convinced to pay for more stamps, inflating the indicated price or to hide the extra stamps on another recorded page. verification more difficult than reading stamps. Are doc stamps paid on the extra guaranteed occupancy rents in escrow or discounted? Was a carpeting allowance accepted by the seller, or paid by the buyer? Appraisers are treated scandalously!!!

Sure. Because cash contribution to cover the spread difference between price and value is the legitimate mechanism by which market values increase. Without cash contribution we may not be dealing with market increase by validated demand.

It is the frequency of over valued instances that will pick up substantially if there is no human involved to make critical calls regarding relevance of data. Interpreting listing notes, value in use, a distressed seller, a unique scenario, actually call agents for clarification, leased vs owned solar.

Agents have this habit of clicking wildly inaccurate features into their listings sometimes. The flow of polluted data will increase at a rapid pace once the person with the most propensity to clean up the data is gone, and that is the human full service long form appraiser.

I’d say one that makes up their own data claims dishonestly….but that’s a redundancy. Imagine any appraiser who was 10% WRONG 90% of the time!

NO market transaction can be found to match ether the $64 million+ or $19 million+ “sales”. So, even if the numbers had been correct, an AVM would be including non-open market, possible non-arms length transaction as a sale in any AVM.

Worse, since the numbers are NOT correct sale prices as reported by COreLogic, ANY AVM dependent on this transaction would be egregiously out of whack.