ucc: Unfair appraisals
- 09/11/09 02:07 AM
I totally agree with the centralization of appraisers as independent entities. Banks, brokers, agents, and homeowners had too much influence over appraisers especially the ones in which you sent repeat business. The problem now is since banks have to pick appraisers from a pool, they dont know how capable these people are at determining value. Many of the appraisers dont live in the areas they will now be asked to appraise. I had a client who found a 3/2 ranch totally renovated into brand new condition in Conyers. The appraisal was tied up for two months bc the only things which … (5 comments)
I totally agree with the centralization of appraisers as independent entities. Banks, brokers, agents, and homeowners had too much influence over appraisers especially the ones in which you sent repeat business. The problem now is since banks have to pick appraisers from a pool, they dont know how capable these people are at determining value. Many of the appraisers dont live in the areas they will now be asked to appraise. I had a client who found a 3/2 ranch totally renovated into brand new condition in Conyers. The appraisal was tied up for two months bc the only things which … (5 comments)
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