bad loans in good times: Who Is Driving The Appraisal? - 05/15/12 07:58 PM
This is definitely a pressing question these days: Who is driving the appraisal process these days?
If you answered the answered the appraiser, unfortunately you are wrong.
If you are answered the lender, ding, ding, ding, you're right.
 
There are many reasons why the lender is calling all the shots these days, not the least of which is they are still licking their wounds from the bad decisions they made in the prior decade.  Additionally, there's an old adage in banking:  Bad loans are made in good times and good loans are made in bad times.
It is fair to … (4 comments)

 
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Michael Hobbs, SRA

Michael Hobbs, SRA, LEED GA, RAA

Chicago, IL

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PahRoo Appraisal & Consultancy

Address: 1707 W. Roscoe Street, Suite 1, Chicago, IL, 60657

Office Phone: (773) 388-0003

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