David – I passed my uspap courses. Since when is USPAP unconcerned with outright fraud? You dont think telling the truth in an appraisal is covered? You think it is ok to deliberately mislead? It seems we must have taken different courses. You think that if USPAP does not use the actual word ‘fraud’ that it is ‘unconcerned with it’? SR1 is not about report writing. It is about developing a credible opinion of value – requirements for performing the actual appraisal – not report writing. Preamble, definitions, competency, ethics, etc are about both development and writing up reports.

YOU may want to consider a remedial course yourself. For what its worth, USPAP has no ‘mission’. They are rules requiring specific performance. TAF and ASB have missions. Ones they seem to have become confused about.

Im not writing about a problem with no solution. Im writing about a basic underlying principle of being an appraiser. Its called integrity and doing our jobs! TAF has long lost sight of the ball as far as preserving the public trust goes.

David – you are right – to a point.

If USPAP is not required then it doesn’t matter if USPAP covers fraud, competency or anything else.

THE specific reports in question are being portrayed as USPAP compliant – and they are not remotely so. The degree of misrepresentation is so severe that fraud immediately comes to any informed, rational readers mind.The inability for the ‘as repaired’ properties to actually sell for the as repaired market value opined has resulted in the reported inability of the investor to pay his investors as agreed. These are no longer hypotheticals. People have lost real money already.

The fervor in my posts is because I READ the entire report and people that did follow up on this let me know so called ‘comps were actually bulk property sales (undisclosed) with as many as 3 to 5 ‘duplexes’ in what is being shown as a single property sale comparable. Verbiage In two very different reports is virtually identical.

So, until some one shows me a completely USPAP compliant hybrid I will continue to contend that they are not ‘possible’ in the environment in which they are ordered and used. That environment is the one where the amc gets paid $250 and the out of state or overseas “appraiser” gets $25! No idea what the purported real estate agent gets or got.

liability, and personal integrity.

Actually you are wrong. MY Board (California BREA) requires appraisals performed by licensed appraisers to be USPAP compliant, BUT more importantly-since Clear Capital appears to be operating out of here-California Law requires AMCs NOT TO COMMIT fraud or to deliver misrepresented reports. The appraisals at issue clearly claim to be USPAP compliant, so whether they ‘had’ to be or not isn’t the issue. Each states IMPLEMENTING laws for FIRREA vary somewhat and there are subtle differences-but I don’t know any that allow fraud, or deliberate deception in appraisals.

The FRAUD perpetrated on the crowd funding investors (aka ‘client’) ; and even the flip-purchaser that was given an as repaired market value of $100,000 (which the property simply doesn’t appraise for according to other involved follow on parties) is something ALL states Appraiser/AMC Boards should have an interest in. Certainly it is in the jurisdiction of CFPB.

The comparatively minor issue of clear capital charging a fee for a commercial service and using mls pictures is up to the individual mls boards to decide whether it constitutes copyright infringement.

Agree. We couldn’t use trainees who have been working with us full time to inspect and cosign reports. We couldn’t use people who we have invested hours teaching, but yet some flunky can go out and do one of the most important parts of the process.

STOP the pretense. ASB and anyone else that is pretending it is feasible to do credible, USPAP complaint appraisal reports for $25!

JUST STOP IT! I apologize for being indelicate in verbiage, but I’m fed up with all the institutional apologizing for bad ideas and various people trying to argue that “theoretically these can be done”.

Sure, if it is done under a blue moon, on a thursday during leap year in a town with only two properties and all buyers and sellers are either stoned or drunk!

In the real world they cannot be reliably performed! This is  WHY we had the damn standards adopted in the first place!

STOP giving people like Clear Capital the pretense of being able to put out credible products like the one for 5557 Windwood Rd, Atlanta GA 30 page “desktop” that claims to be a USPAP compliant “Appraisal Report” option.

This and another equally bad report prepared by an Indiana appraiser named ‘Shoven’ is making the rounds in Facebook right now. 

As near as I can tell, the property address is probably correct. Everything after that gets a little more sketchy.

I have no doubt it will appear soon in AB for all to see first hand. I tried posting it now but cant figure out how.

NO MORE TAF/ASB talking out both sides of their mouths suggesting these can easily be done “as long as they comply with USPAP”.

The one referenced above never had to conform to USPAP as its not for an FRT but the point is it CLAIMS to be USPAP compliant!

Might as well have these things done in India as Indianna for a Georgia property by an appraiser licensed in In; Ia, GA, and a couple other states.

People STOP WORKING FOR CRUD COMPANIES! STOP ACCEPTING SCRUD WORK FOR CRUD FEES!