Benefit? Show me how appraisers benefit from undervaluing properties based on the race of the buyer or the homeowner? My fee is the same no matter the race of the buyer or the seller. Almost always, we don’t even know the race of the buyer or the seller. Last time I checked, appraisers appraised property, not people.

I’ve been appraising for almost 30 years and I have never met a racist appraiser, seen or heard of a single case where an appraiser has been accused of bias.

The same people who today are screaming “appraisers are racist” just because their property didn’t appraise for what they thought it should have, will be blaming the same “racist appraisers” for their overvalued property and underwater mortgage when the next real estate crash happens.

To avoid being grouped together with the “white racist males”, I should probably add that I am a female POC appraiser!

Well said Mike !!! I agree 100% with you !!

You continue to display ignorance of the process and for what its worth, my own background. I don’t ‘hide’ anywhere.

Both my professional and personal information is easily found online. If you were to click on the link following my name you would see that.

IF you believed ‘comparables” (meaning closely similar) in the same HOA are selling for $400,000 and that is indicative of your property’s value, then that is an extremely easy to prove.

It is so easy to prove that I can only assume your inability to do so is either because you don’t truly understand what a comparable is; or you are making it up. No appraiser low balls an appraisal for $300,000 when data suggests $400,000 is likely. Sounds like you underestimated the potential value of your flip…& just need someone else to blame for your bad judgement.

Anytime you are feeling ‘froggy’ and you are going to be in the Long Beach, California area, you DO please be sure to let me know, okay?

Chandrakanth, we encourage lively conversation but we do insist that you follow our guidelines. Threats, the use of hateful language, or personal attacks is a violation of our guidelines. Going forward, your comments will be moderated before being approved.

If I purchase a home for 150k and spend only 100k in repairs, the appraiser doesn’t get to say that the value of the home is 300k when the recent comparable home sales in the same HOA are 400k. I have done and will continue to do everything to dispute such reports. You accuse me of being ignorant and dishonest. You think you can hurl personal insults because you are hiding behind a keyboard? Or do you think you stand on some more moral pedestal you arrogant POS?

Where did I judge the ENTIRE PROFESSION when I clearly talk about the behavior of ONE appraiser. Half of the comments here imply that pretty much every victim is a liberal or race baiter. How come you didn’t reply to those post with your ‘words of wisdom’ about judging everyone? Furthermore, having known about his comments and demeanor based on who unlocks the the property for his appraisal, I am in a much better position to judge whether he is a bad or a biased appraiser.

@Chandrakanth, Bull. The response is pure ignorance about the process. In other words fundamentally dishonest. Income and operating g expenses going back at least three years is a common request on income property. The amount you claim to have spent or allocated for maintenance and repairs is a valid appraisal question.

Especially if you are contending value is or was favorably affected by claimed repairs.

No one spends extra money on second appraisals just because an appraisal was held up for verification of operating expenses. Sounds like you engaged in good old fashioned (prohibited) appraisal shopping until you found someone improperly accommodating your desire.

Who says his killing your refinances had anything to do with race? Maybe he’s just a bad appraiser. Or maybe he does that to everyone. Be careful about judging an entire profession just because you had a bad experience with 1 appraiser, and assuming it’s due to race. That, in itself, is racist.

Chris its a matter of historical fact. Look into which party the old Southern racists like Wallace and Sherriff in Selma belonged to. See which party resisted the passage of the Civil Rights Act. Most KKK members were NOT members of GOP back in the day. It’s not propaganda at all. It was daily news back in the early to late 1960s. Print, radio, and TV…long before internet trolling.

If you honestly research the history of the democratic party from post Civil War up through at least the 1960’s you may be surprised. I’ll concede liberals back then weren’t overt racists. Mainly socialists and hippies but not racists.

Mark, you have been brainwashed by right wing propaganda, please seek help if you actually think the Dems and Liberals are the racist ones.

Don blockbusting was common up through the early 1970’s. (I was an agent then). It was also strongly responded to (when identified) by mls Boards in SoCal where I worked back then. Usually, it entailed local brokers that had no morals and broke a lot of other laws and ethical rules too. Every single one I ever knew of back in the day eventually lost their license.

When I got back in the business in 1984 it was (in my area) non-existent. The Big Issue then was Eastin Act and necessary seller disclosures. Brokers were trying very hard to be legally compliant. In my experience anyway. Oddly block busting had the opposite effect that Biden suggests. It undermined values in traditionally ‘white’ markets through scare tactics aimed at gullible or biased owners naive enough to think color affected value.

Realtors and other agents used block busting techniques in 1964-65 after the Johnson administrations fair housing act. There was strong emotions from sellers to protect their old neighbors Until The agents conducted a parade of colored LOOKER’s I was not sure what I was learning then or now.

Also Appraisers were encouraged to drive a modest car, a Cadillac or Mercedes MIGHT bring complaints

He advocated for more loans. That’s what he did.

Google: Brookings Institute bias. Google: Brookings institute lender donor.

These are the articles which you seek. Pay to play think tank, strictly left leaning.

https://www.forbes.com/sites/adamandrzejewski/2017/06/02/brookings-institution-the-progressive-jukebox-funded-by-u-s-taxpayers/

Look at all those sponsors! (final pages in the docs) 600m+ year over year, fast growth, increasing reliance on outside sponsors, including global investors and chinese banks.

https://www.brookings.edu/wp-content/uploads/2018/11/2018-annual-report.pdf
https://www.brookings.edu/wp-content/uploads/2017/12/2017-annual-report.pdf

Let’s play the Brookings.edu yearly disclosure drinking game. Every time you read the word globalism, or progressive ideology, take a shot. Keep voting blue…

Appraisers representing lenders have a precise obligation to Today’s F.M.V.

Using a 23% neighborhood adjustment when their is better local information is misleading and of little use to appraisers.

Groups trying to influence the public are good or bad or some of each. Some notable person in history said if you say something loud enough and long enough it will become the truth. Logical, historic statistics tend to protect us from those.

Education allows that protection and illustrates the proper use of statistics.