I hate the new appraisal system that leads to non-LOCAL appraisals. They mess up the deals and buyers actually believe these appraisers to be the gospel. So when buying in Virginia or MD DC, look up the appraisers credentials.
In Addition.... The Appraiser gets paid regardless... some don't care, "hit-N-run mentality. I I think a staff Appraiser works best for all involved, yes they can be canned if the Loan Officer looses too many transactions, [which I do not agree with]
And, yes, some LO's are not on the up-N-up... but it is a more honest system than what the boys-N-girls in WASHINGTON DC are doing...... ACORN screwed up allot of this...
In Addition.... The Appraiser gets paid regardless... some don't care, "hit-N-run mentality. I I think a staff Appraiser works best for all involved, yes they can be canned if the Loan Officer looses too many transactions, [which I do not agree with]
And, yes, some LO's are not on the up-N-up... but it is a more honest system than what the boys-N-girls in WASHINGTON DC are doing...... ACORN screwed up allot of this...
bradwallace60 1 year ago