All Posts Tagged With: "appraisers"
4 States Consider Use Of Faked Appraisals
It’s amazing. If you don’t like appraisal results, if you want home prices to be higher, then just change appraisal rules. That’s the theory behind a new legislative drive now taking place in several states. The Appraisal Institute reports that “four states — Illinois, Maryland, Missouri and Nevada — are considering legislation that would prohibit [...]
31Mar2011 | Peter G. Miller | 13 comments | Continued
Are demands for higher FHA mortgage loan credit scores discriminatory?
Can lenders demand a higher credit score than FHA guidelines require? Are demands for such higher scores evidence of discrimination? “This decision is arbitrary,” says John Taylor, president & CEO of the National Community Reinvestment Coalition, “because the loans are 100% guaranteed, whether the borrower’s credit score is 580 or 780. That means the loans [...]
20Dec2010 | Peter G. Miller | 0 comments | Continued
Since When Are Appraisal Conflicts Okay?
On RealTalk, a listserve with some 30,000+ agents and brokers, several relate that they have had bad experiences under the new Home Valuation Code of Conduct (HVCC) concept, something which only began May 1st. Why is anyone amazed? Combine a new and different program with a huge number of interactions and there are certain to [...]
30Jun2009 | Peter G. Miller | 1 comment | Continued
Can 11,000 Appraisers Be Wrong?
Gee, golly, mention the idea of pressuring appraisers to come up with the “right” valuation numbers and you’re hardly alone. There seem to be a large number of appraisers who have encountered efforts to distort their valuations. Say 11,000 of them. That’s how many signed on at AppraisersPetition.com. And what, exactly, is their beef? As [...]
29Jun2009 | Peter G. Miller | 0 comments | Continued
Should Computers Replace Appraisers?
In the effort to create paperless transactions and cut closing costs we’re getting rid of appraisers. That sure sounds like a good use of technology — unless knowing the value of a home is important to you. An “appraisal” can be seen as an independent judgment of value by someone familiar with the local marketplace. [...]
6Sep2008 | Peter G. Miller | 0 comments | Continued
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