Posted by Cochise on April 17, 2009 at 13:44:09:
Roland,
We have some very serious problems in the Appraisal Field which are, and have been, negatively impacting property appraisals in this country for several years. Firstly, I was contacted by a VA Appraiser, with 30 years experience, who indicated that he has been pressured to low-ball va appraisals. He was sanctioned by the VA and forced to take training from an unlicensed supervisor at the VA. I attended the training session and was blown away. The appraiser was instructed to violate USPAP, the Federal Guidelines for Appraisers, and other guidelines, because his only interest was to get Vets homes. The appraiser himself is a vet, but is unwilling to compromise his ethics. The trainer stated that he was not licensed because he himself would have to follow USPAP. This practice has resulted in a million dollar plus loss or give away of Tax Payer Owned Properties.
Secondly, coming May 1, 2009 the industry is scheduled to be taken over by AMC”s (Appraiser Management Companies) they are the same companies that ran Bank of America, Indymac Bank, Country Wide, and Washington Mutual to the ground. I have received hundreds of request from license qualified appraisers, that someone do something about this travesty. To date nothing has happened.
A brief statement on how AMC’s operate. They are unlicenced, appraisers have fought for licencing for years. They charge their clients $400.00 and pay their appraiser $300.00. The end result is that the client (and consumers) are being charged an improper value added charge. They prey-on and exploit appraiser with limited or no qualifications, qualified appraisers, such as myself, will not work for these low fees. There is much more, and I will make myself available to you, at your convenience, to discuss this serious issue in detail.
Thanks!
Curtis D. Harris, BS, CGREA, REB
Bachelor of Science in Real Estate, CSULA
State Certified General Appraiser
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