Let's face it, at one time or another in our lives we believed in such mythical figures as Santa, The Easter Bunny, Unicorns, Sasquatch, the Tooth Fairy, and Leprechauns. All of these amazing figures have a long history of stories, sightings, and have created excitement and joy for millions of people past and present. As … Continue reading The story of the most elusive mythical figure: Customary & Reasonable Fees (C&R)
Do you know what you are getting into?
I have written many blog posts here, mainly for the consumer to read and understand what is actually happening in the world of Real Estate Valuations. My blogs range from being overcharged for appraisals so the middle man (the appraisal management company or AMC) can make money, lenders still pressuring appraisers to hit a value, … Continue reading Do you know what you are getting into?
A Little Push Can’t Hurt Right? Wrong!!
Well, here we go again. In my previous blog posts titled “Round and Round” and “Pressure My Story”, I spoke to examples of how lenders and/or AMCs have been pushing and pressuring appraisers to hit certain values on transactions. If an appraiser did not hit these numbers, or make changes to make the transaction work … Continue reading A Little Push Can’t Hurt Right? Wrong!!
Appraisers Outraged! End The Appraiser Payment Issue!
" I am owed $20,000.00". "I am owed $2000.00". "I am owed $500.00". "I am owed $1500.00". These are just some of the quotes pulled from various groups, message boards and forums from appraisers all over the country that are owed money for the appraisal services they provided. Services they provided for a Lender, Mortgage … Continue reading Appraisers Outraged! End The Appraiser Payment Issue!
What’s not in your wallet?
Before the housing collapse, when applying for a loan, you would go to your bank or mortgage broker and apply. Upon approval, they would explain the property would be appraised by a real estate appraiser and as the borrower, the cost of the appraisal was to the borrower (even though the appraisal is for the … Continue reading What’s not in your wallet?