Lender · CA · Member since 2015 · 9k+ posts · 10k+ votes
7y
Originally posted by @Account Closed:
@Chris Mason what if the appraiser works for me? ( my team )
Then the appraisal will not be deemed credible or usable by whatever entity is requiring it (lender, divorce court, probate, potential homebuyer with an IQ over 60, whatever).
Specialist · Paradise Valley, AZ · Member since 2018 · 3k+ posts · 2k+ votes
7y
Originally posted by @Account Closed:
Does it work? What do you think about doing that?
Face it, you're down the wrong trail and have been voted off the island.
EVERYTHING in mortgage lending has to be honest, without manipulation and disclosed to every party. I suppose if you signed an affidavit that you manipulated the value of the property by bribing an appraiser you'd at least be honest. Lol
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
7y
@Account Closed I just read your Profile and I'm have to say that your stated goal of 3 years to $1M could happen...if that Lottery Ticket comes in. However, if this is an indication of how you are thinking of conducting business, you may be spending that money from jail.
I'm not trying to blast you out of the water. I'm just telling you to Learn...not Burn.
Appraisers have very strict regulations they must follow (and I've never heard of an Appraiser being an employee) for assessing properties. You can protest an appraisal you think missed the mark, but you need to be able to back it up. This doesn't mean "cherry picking" comps that work in your favor.
The best way to make sure the appraisal comes back in your favor? Do a good (great) job of analysis before you buy that property in the first place.