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Show a little respect
On 12/27/18, I was assigned an appraisal order from an Appraisal Management Company (AMC) I am not registered with. This order was for an FHA foreclosure assignment with “as is” value and repair estimate requirements. First, this is not an area I cover, second, the fee was about $75 below what is reasonable and customary for an FHA appraisal in this market, let alone one with required repair estimates on a foreclosed property. Third, I don’t do FHA work because I am vertically challenged (cannot reach the attic even on a ladder). The due date was 1/4/19, therefore one week after assignment, during the holidays where many are not working. I declined the assignment as it is out of my area of coverage and the fee was inadequate. On 1/4/19 I was assigned the same appraisal order but they increased the fee by $25. It was still $50 under typical for the area, and I still don’t handle that area. The due date had been extended to 1/14/19. Why do I write about this? I do because this is an example of an AMC that is not paying attention to the comments from the declination. If an appraiser declines due to coverage area, ... more
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