Sounds about right.

That’ll never happen. It has to be “organic” so it can change with the leftist politics of the moment. And, of course, given that leftism is mental illness, it will only get worse (more restrictive, insane and incomprehensible) over time.

I’m rereading it currently. Another extremely good, very enlightening video is called “The Architects of Western Decline”. Look up the Frankfurt School on YouTube. It’ll be somewhere in the list.

There’s a subdivision near Granbury, TX, called Indian Harbor. I was told that the only place I could use the name of the subdivision was in the legal description. I could not say that I researched market data in Indian Harbor or anything else about Indian Harbor. What a silly joke appraising has become.

Funny thing is, I’m old enough to remember when the phrase “master bedroom” was born. It was nothing but a builder marketing phrase and had absolutely NOTHING to do with race. But, here we are, huh? Joke life …

It takes approximately five matched paired sales on one factor to actually come up with an accurate adjustment. In the vast majority of appraisals I do, I’m lucky to find one comparable with one factor that’s similar. I typically have to find a comparable where the land size is similar. Then another comparable where the house size is similar, then another comparable where one other factor is similar and these are typically spread over two to six counties. So, yeah, I’ll be finding some major matched paired sales in that market!

There is nothing objectionable about it. This is nothing but financial communism destroying the appraisal industry. There’s probably a whole department of one or more government entities focused on DEI’ing the appraisal industry. What we were told to describe, consider and comment on has been been turned inside out. We were told for decades to not consider race and now we’re being told that race is a primary consideration. It’s all just a way of destroying us.

Let me state the case but first off I am possibly looking for a lawyer to send to the homeowner a mediation letter with their letterhead on it that tries to get the homeowner into “mediation” with me. I do not want to go court with a lawsuit unless your company agrees to take the case. I can do the mediation myself or your company can. It involves Intentional Infliction of Emotion Distress ect… (SLAPP etc.).

This case does not involve the government (The VA or HUD) – it is against a homeowner. This is about a complete fraud against me by a disgruntled homeowner. His complaints are based on: deception, a scheme, malicious persecution, lying, fraud, and deceit, which I can prove.

I appraised a home for a homeowner in a predominately black area of LA, the homeowner was a veteran, and is a “racist” against white people. He did not like the value I came in at with my appraisal and he did not get his refinance, so in retribution of that fact he filed a complaint against me that I was “White Racist Appraiser” with the Veteran’s Administration. The complaint was built on fraud and lies, which I can prove. The homeowner called me every name in the book in his complaint. The VA did a year’s long investigation and found no racism or evidence of discrimination, thus a “Close Out” letter was generated.

The homeowner had two refinance appraisals done after my appraisal was performed that show his claims against me are false, riddled with dishonesty and had many falsehoods. Lender’s keep records when homeowners ask for and then get a copy of any appraisal. He filed his claim against me with the VA 9 months after my report was performed so he had two other appraisals showing the truth of the value of his home.

After the VA cleared me and sent me the “Close Out Letter”, he then went to a second government agency HUD and filed a second complaint for the same thing “Racism” against me and the lender Omni-Fund and HUD. He was just informed that no racism existed by the VA.

Now HUD after another year of investigation of me demanded of the homeowner those two past appraisals after mine was done, he did not provide those two appraisals to HUD so he is hiding evidence that will show that he purposefully lied in order to slander me to two “Two Government Agencies” and try to ruin my career, business and health. The second complaint file with HUD shows this is an Intentional Infliction of Emotional Distress, personal injure etc…

This has now been over 3 years that this has been going on. I have been appraising for 35 years so I know a few things about this situation. Because of these facts I went into therapy have had to undergo therapy and a medical doctor’s care because of two government agencies after me. I just started therapy so the statue of limitations just started.

Respectfully,
Kenneth J. Mullinix

” Congress shall make no law respecting an establishment of religion or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press or the right of people peaceable to assemble, and to petition the Government for a redress of grievances.”

Oxford:

(of a thing) pleasing or appealing to the senses.
“an attractive home “

(of a thing) having beneficial qualities or features that induce someone to accept what is being offered.
“the site is close to the high-rent district, which should make it attractive to developers”

Well the above article about Larimer county rural avm’s being grossly off by hundreds of thousands of dollars through entire portions of semi rural communities. That’s ‘evidence’ per se right? In my very own home, the avm’s provided by the local MLS became skewed when my neighbor died of a work accident, and then via probate a sale was recorded years later, which was reflective of several years back and not current, as well as being a discounted amount family special and not reflective of true market value anyways. (I suspect it was one of those deals where the recorded price was simply the payout for the loan balance remaining.) Yet the Realist avm kicks that non mls sale right into the mix and incorporates the lower number into the avm estimate for everyone else.

Because this is an automated process with limited capabilities, and the death certificate is a separate recording available only through a narrow avenue of research at the county, the avm system does not recognize as a human would via data validation and redundant data verification, that is a skewed outlier which should not be included as either arms length or any other valid point of reference. The local avm skewed everything in a quarter mile or more downward significantly and a few savvy buyers took advantage of that. What’s an extra few years of waiting for data to smooth out again and errantly considered outliers to fall off due to aging out of the data relevancy? It’s not like the rates jumped and several local people seriously lost out due to the reliance on these automated processes.

Where are you getting information about the UCDP data points? It was our understanding the CU system data is held behind a veil of secrecy, that data not available to the general public or the larger appraisal community. Please provide information or links comparing Zillows data points to that of the GSE’s.

Evidence that appraisal waivers is leading to widespread overvaluation? That is the inevitable conclusion to such automation, as even minor errors lead to systemic influence which repeats down the line. The skewed amount could go either way higher or lower. Logic would dictate that if commissions are involved, the use of waivers will lead to more instances of over valuation than not.

Value in use. Value in market. Value in income. Three distinctly different types of value, all of which may drive individual buyer and seller motivations. One of the important tasks for human appraisers is to validate data before utilizing. That often requires local, personal drive by of properties, being able to observe factors possibly not reported on by others, making calls, talking to agents and people, getting a better feel with personal inspections as virtual is simply a poor substitute for being in person, having adequate fee compensation to account for the thousands of variable research points an appraiser may need to engage in to remain ethically compliant, etc, etc. Not all data validation has to do with as you say ‘ data points’ so easily analyzed and accounted for with automation.

We’re ‘hurting the industry’. If this industry was a soldier, we could say he’s laying in the field hospital gushing blood all shot to hell with a series of illegal organ harvesting people waiting to disassemble and dismember anything which might possibly still be viable. Hurting the industry, that’s a good one. What industry? The amc’s have raked the potential energy from every licensee for over a decade, syphoning billions, causing a hundred thousand appraisers to quit, and another hundred thousand appraisers to never materialize in the first place. Special favors to lenders, rising demins and waivers have cut out the majority of possible work flow in the gse realm. Consumers are denied market corrections which would lead to better affordability as despite treasury notices and defaults climbing to levels not seen in over a decade, and first look programs being over looked, the gse managers give first purchase opportunities to big corporations and investment firms whom seek to hold all those properties as investments into the future, thereby artificially propping up home values and rental pricing structures. Merry Christmas.

Comparing the data that Zillow used for their estimate to UCDP is a joke and poor journalism. Zillow doesn’t have even half the data points the GSEs have for their algorithms. Also, where is your evidence that appraisal waiver algorithms is leading to widespread overvaluation? So tired of appraisers inflaming other appraisers without having evidence or knowledge to make certain statements, you’re hurting the industry.

Baggins
Thank you for the article, we have the same problem here in Maryland.

I am looking out my beach front hotel resort balcony at a stunningly beautiful picture perfect view of the clear blue ocean and picturesque mountains on the Island of Phuket, Thailand. My wife and I have been traveling for almost 7 months. I was still appraising in mid-2022. After 33 years appraising, I am happy to be retired and out of appraising. Make a plan and get out before you are pushed out. Oh, by the way, that beautiful view costs me $21 dollars a night. It doesn’t have to be expensive.The costs of traveling is less than my social security check. Wishing the best to all who are still appraising.

Fitz, read this insightful article on underlying reasons for such rapidly expanding home prices in Colorado. Certainly there are similar events in many other states. These people know very well what they are doing, and then spin completely false inaccurate tales to keep the masses distracted from their actions and intentions. Consequences of runaway government bodies drunk on power.

https://pagetwo.completecolorado.com/2023/04/26/caldara-central-planning-housing-affordable/

Really interesting points of view, this Caldera guy, suggested reading. Everything is not what it seems.

Not too sure about the forced equality position at $436.8k across the board… Be careful what you wish for. An appraiser used to routinely post that the appraisal and most underwriting activities are meaningless anyways, the lended amount hardly matters, they have shifted models to primarily qualify the borrowers income, most of the downstream activity after that is moot. Perhaps he really was a visionary and called the real deal early on. As statistical data indicates fewer and fewer Americans actually have home equity, most are completely leveraged and therefore subjected to the full weight of changing market forces. Human considerations because there are underlying currents and most people although not able to precisely articulate why, are firm in their opinions these financial systems are corrupted and insider clubs. They will simply walk away from these homes and associated loans if the plunge protection teams fail in their duties to provide market stability. They are not personally attached to the home or the loan package, very little skin in the game if you will. Gift me more equity or else. Just one problem; The industry managers are frigging incompetent and most stability is a coincidental result of vested interests jockeying for their own leverage and power. Eventually the levy will break, again.

Whatever they program into their auto review software. Results may vary. Basically roughly half of the most commonly used descriptive words which everyone on this planet uses to describe real property.

Ultimately what you are observing is the end result of decades of concerted cover up and mis management practices in the GSE community which constantly blame everything on appraisers, while shielding everyone else who’s actually from accountability. Their lack of ability to hold themselves and their own peers accountable has reached full pinnacle crazy, as now they are prohibiting appraisers using language which they themselves routinely utilize on an everyday basis.

Because, what’s left, it must be how the appraisers are talking and typing which is the problem. Certainly there is nothing wrong with rising demins, waivers, third party outsourcing, appraisal management companies, unearned fee raking and kickbacks, automatic review, mismo tools, the uniform appraiser data set reporting restrictions, scraping of CU systems data to create proprietary avm software and other review utilities, giving first purchase opportunity of defaulted holdings to ibuyers and hedge funds ahead of regular citizens (who really wants to help the poor?), massive bonuses to upper level persons, and on, and on, and on. I’m rather sure that I missed about ten dozen other specific talking points on the matter.

The more important question than what words are banned for appraiers, is why they are seeking to restrict our constitutional rights and police the language appraisers use in the first place. Like they get a special pass to treat us as sub humans and deny us constitutional rights just because we’re working with the all mighty GSE lending community. Their jobs and positions are deemed to be are all sorts of important. Us lowly appraiser people whom actually work with consumers directly and actually care about ethics, accountability, and consumer protection, our jobs have no value to them. The GSE heads naked departure from the reason the GSE organizations were created in the first place, is a clear indication why these institutions need complete reform or outright abolishment. Outright advocacy to remove the appraiser is an emperor wears no clothes watershed type moment.

The chair is against the wall.