Even in states with liability limitation rules, there is no statute of limitation on board complaints. In fact, many states rules as well as recent FHFA guidance requires a formal complaint to the state.

Appraisers may recall the two different numbers on their insurance policy; The per claim instance, and aggregate total limitation. 300/600, 500/1m, or even more. For example; six claims for a hundred thousand, the appraiser is maxed out on the entire policy, every claim after that is essentially uninsured, yet the work is long since completed. Adds up quick

In response to this article; Mr Bagotts; DEI Controversy Crosses Pond, Hits Scottish Home Appraisal / Providing desktop appraisals whilst being maligned by the federal government for being a part of an industry with low DEI scoring, one may be checking more boxes than they had initially realized. The mouse dies in the mouse trap, because it does not understand why the cheese was free.

Shut-the-front-door…..(scooping jaw up)

Convicted as part of a RICO case. I will dig deeper.

No way you have to be joking about the jail time! Tell me it was appraisal related!! I so want that to be true.

Also the same guy that launched a nasty fight over politics months ago. His brother runs a mortgage company and keeps him fed. I am pretty sure he pulled some prison time recently as well.

Oh, thank you. Being featured by a man name Brian Coester. Everything comes full circle. Coester VMS was one of egregious violators of not paying appraiser’s a reasonable a customary fees. I see you have been prominently featured by them and can now understand your points of view, of which still lack any substantiation what so ever, but at least it now makes sense. Everyone be careful, he might hire Brian Coester to hack your emails, etc in retribution. I’m sorry, but like people tend to congregate and perhaps this blog simply is not for you. It’s okay, you don’t have to agree with us that appraisal bias is not even systemic in the manor and means Ms Fudge has indicated, nor the present administration, but don’t waste time trolling. So undignifying and proves my point of unprofessionalism. What are your stances then when the VA posts a fee for their appraisers to work with? Are you going to write them and tell them they are not worth the high fees and don’t provide good enough service to warrant such a payment and furthermore, are you going to tell them they should turn everything over to AMVs and Mass Appraisals?

Jack Preacher aka Appraiser Mike aka Mike Smiley, we previously banned you from commenting for disruptive and profane behavior. You tried circumventing the ban by using a different email and name, which we overlooked. However, your continued inappropriate comments filled with profanity leave us no choice but to intervene again. Going forward, please use your real name and interact respectfully with others, even if you disagree. Attacking or belittling those with different views is unacceptable. We can identify you no matter the email or name used. We value diverse perspectives when expressed constructively. Please cooperate with these community guidelines so everyone feels comfortable participating. Thank you for your understanding.

Can you show me the data that you are yawing to support your claims about me being bias? Any data supporting your claims about fees? Actual data supporting anything that you say as being real? I didn’t call any names in any of my posts.

***This comment was edited by AppraisersBlogs Team. Profanity is edited out because it’s inappropriate within the context of this blog.***

Spencer,

I really own you now. Name calling. I am a w***e I guess for making a living. Ah, but aren’t we all??? Its obvious you are one bias ***.

I have been appraising for 40 years dude. I will retire when I die.

Thanks for your interest.

Oh not at all mate. I just think you’re a joke. Enjoy your career. Jack reacher.

Jack,

First I don’t believe you that you have completed 20k assignments and even if you have, I really don’t care because I have viewed the work of people that run their mouths like you do. I honestly don’t even think that you are an appraiser – rather some rando that wants troll an appraisal blog.

I’m sorry you think that I talk too much, but you came to this blog spot and chose a fictional character to be your screen name rather than putting a name to claims you are make; coupled with a lack of respect for the profession that you claim to work in and trash everyone else. I’m sorry, but know one respects what you are saying nor how you are saying it. You could have had a healthy discussion regards fees, but your lack of professional epithets just supports the high probability of aforementioned states, you are not an appraiser.

Additionally you have stated everything thing is going to push appraisers out, which includes you despite and in spite of your claimed 20k assignments and whored out fees. If what you are saying is true, you will have to look for another job too.

Jack, not that I owe you an explanation but you seemed disturbed and might need some help. The appraised value by the desktop appraiser from another state was actually $80,000 OVER what the actual value was. Everything comes back around. I hope you get the help you need. Seems like therapy or anger management could be an option.

Lets assume your correct Jack, which you are not, and work through your numbers. Assuming a 40 hour work week and 5 hours to complete an appraisal your working with 8 appraisals a week. In San Diego where bids and AMC’s are the norm, a split fee of $350 is not unusual. After reducing for business expenses (50%) your left with $1,400 a week or $5,600 a month. With a median home price of $950,000 and with 20% down ones mortgage would be +/- equal to 100% of your take home pay.

Local appraisers are overpaid Jack, give me a break.

Seek the truth.

Spencer,

I hit a sore spot with you eh? Your fees are ridiculous. Greedy appraisers are the issue, just like greedy real estate agents. Wont be long until you are out of business like many unethical real estate agents with their ridiculous fees. Its coming. Get ready.

Thanks for your feed back.

Jack,

Also, the fees that appraisers are charging really are not that much considering the percentage of the purchase price. If a buyer can not afford $800 (standard)-$1200 (complex), how are they going to afford a hot water tank going out? Water damage that takes place? A heat pump that dies, etc? What don’t you look into closing costs on a loan that cost 10K to start? You are whining as well with no support, that’s the annoying part. I just think that you want to troll with no evidentiary support and side with the lender playing as if you actually did review work. Everyone in this community feel it is painfully obvious you don’t know what you are talking about because of what and how you are talking about it. I wish you well.

Spencer,

20k appraisals and still going strong. Pretty sure you are no where near that mark. Not one issue ever. How bout you?

You talk too much. WE all know the problem with valuation these days. Its bias appraisers screwing it for honest appraisers like myself.

Maybe you should start a new career inf BS writing.

Thanks for your feedback.

Jack,

I’m not sure what profession you are in, however this valuation profession are the eyes and ears of the financial housing markets promulgating public trust. We charge a fair and reasonable fee for the work a liability that we carry for said services. I do deserve the pay that I earn and the lenders and private firms that I work with and for seem to think that I worth every penny. I’m sorry that you feel your work is not worth it. Perhaps CE and a few business courses will assist you in understanding what we do and why we do it.

Regarding your comments about desktop and full appraisals with the desktop being more accurate, I’m sorry, you clearly do not know how to complete a standard 3 review and haven’t a clue about what goes into one or the other. If you are aware of the differences in the scopes of work and still have the same mindset, then you don’t really know much about review work, nor underwriting with risk assessments.

You have no data to support to theories on appraisal bias. How do I know, because every theory that has been put out in the public has been clearly refuted with not a single court case showing consistent and majority run appraisal bias. Stop watching the news and start researching. Stop getting additional news from social media. Do research. I’m going to take a huge leap of faith and assume your name is not really Jack Reacher – you just wanted to come in a kick a hornets nest.

I have performed more than 20k full appraisals and still going strong.

Amen

Pretty sure Mary if I reviewed yours, just based on your logic, it would not pass. Thanks for your feedback. Desktop values are more realistic, just saying. Good luck Mary.

Dear Jack Preacher,

You must not be an appraiser because not only have I had to go behind “desktop appraisers” based out of other states where they have zero geographical competency, but I’m a homeowner also and the one I received by a desktop appraiser , for myself, was so far off value that they had to pull a local appraiser out to do a real appraisal. We deserve to be compensated as real estate ownership is one of the most important aspects of a humans life. Thus, it does not serve society well to have uneducated people performing valuations on said properties. As far as I can tell, you are a bottom feeder of society because a real appraiser wouldn’t talk like you. Good luck to you.