Michelle- I certainly don't blame mortgage lenders.  No one segment of the housing industry caused any of this mess.  There have been in the past, are now and will always be in the future people in every profession willing to bend and break rules for profit who will give those of us who do our jobs with honesty and integrity a bad name.  I blame no one more than congress.  They pushed for more lax lending standards with the thought process that "everyone is entitled to a home", now they've created the monster that HVCC is with more regulation that hasn't at all resulted in less appraisal fraud which was it's intent.  I'm glad your deal worked out.  I don't know if these buyers will be willing to change lenders and pay for another appraisal or not. 

Sharon- well after half a box of chocolate I'm begining to feel better.  Chocolate can fix anything can't it?

Richard- I read that the repeal and changes bill died in the Senate committee and that we're stuck with things the way they are... do you know something I don't?

Rita- oh good, I don't need to eat that entire bottom layer all by myself.

Michael- you seriously have no idea how much I wanted a drink before noon even, but alas, no drinking for me at all.  The stuff gives me a headache even if I only have one.

Simon- Thanks.  I appreciate the feature.  Now can we all ban together and march on our respective state capitols and tell them to stop letting the feds trample all over lus.

Nicholas- Oh seriously, no health problems.  You see I vented about it, I got it out, I wrote what I had to say, had some chocolate and now I'm all better.  It's actually those people who are frustrated by things like this and don't talk about/write about it to vent who end up with the health problems I think.  Happy New Year to you too.

Sara- Exactly.  Makes you wonder... if someone called me to do a CMA in an Atlanta neighborhood I'd have to refer it out.  In fact, I have done so with friends and family, yet he drove down here from Atlanta and made the system fail.

Bonnie- there was about 7 counties between this appraiser and proeprty.  Glad you signed the petition.  And yes, it really is bad for someone selling FHA.

Ann- doesn't make a bit of sense to me.

Oh Ann- I'm back to my limit of one piece a day now.  It was wonderful.  And I'm first going to do what the lender has requested and email them (the lender) comps that I feel would be more appropriate to the property.  Thankfully I have another appraiser willing to share his insight with me on how to best "challenge" the appraisal we have.  I did report one appraiser earlier this year to the state, but NEVER was told what AMC hired her for Wells Fargo.  And as far as I know nothing ever happened to her at all. 

More regulation is not always the answer.  Sometimes just making sure that the rules in place to prevent fraud get followed would be enough.

It's like when they keep saying they are going to stomp out fraud from medicare to pay for the health care bill.  Well if they haven't stopped it already, why should be believe they are going to do a better job in the future stopping it. 

I spent a couple of hours today typing up the "objections" I had to the appraisal and emailing them to the lender.  Last time I spent a lot of time doing this, it was to no avail and got me, nor my buyers anywhere.  But the lender did send me an email asking, so I replied to it with my objections, documentation of the errors of fact on the appraisal and also send what I felt where more appropriate comps.  I'll let everyone following this know if any changes get made.

Sarah- You are so right about my time.  After we sent all the "facts" to the Loan officer we were then contacted by him with a "form" we had to submit factual errors on appraisal and new comps we felt were more appropriate.  Now I feel like I've really done someone else's job and am not getting paid to do it.  I hope a new appraisal gets ordered, but we really have no idea.  As for posting their names... I wouldn't.  But I certainly have dropped it to others in the area in the business and told them be careful if they get this dude.