From a borrower to a mortgage broker, who didn’t realize the appraisal firm was cc’d in their email regarding a complex residential assignment.

>$800 is not going to happen, find another appraiser , [there] are hundreds dying to make $400

Apparently the environment for appraiser pressure is alive and well.


3 Comments

  1. Charleston real estate blog July 23, 2009 at 4:20 pm

    But Jonathan, will it appraise 😉 Howard

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  3. Edd Gillespie July 24, 2009 at 9:59 pm

    Hang in there guys. This will get better ae the ranks of cheaper/faster appraisers with little or no skin in the game dwindle and the lenders get stuck with some more junk and then need a bail out.

    The mortgage folk make money only on closed loans, not on quality appraisals and are therefore not teachable about what a good appraisal is or why it is of benefit.

    I do admire those of you who keep trying to do quality work for impatient Scrouges even though I have decided not to do mortgage work.

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