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?