I know there are supposed to be changes coming. I don’t know what exactly those changes are going to mean for the appraisers as of yet but what I do know is that although every “appears” to be running scared, no one really is. There are cries for help from the lenders losing money and cries for help from the homeowners losing their homes, and cries for help from the PMI companies, and appraisers who are honest and want some protection, and the list just goes on and on, but the AMC’s are still calling and asking who can do the jobs the cheapest and the fastest, and the rouge appraisers are still sending their trainees out to do these jobs as poorly as possible, and no one wants to pay a little more to make sure the job is done right the first time and the end result is not what everyone is crying about…

How can they keep on crying when they keep on doing what they were doing before this all happened and nothing changes? The same appraisers who came in high on all the appraisals that are inflated and in foreclosure are doing the really bad REO appraisals and are destroying the foreclosure market and short sale market for the lenders, leaving houses on the market for over a year because of inflated, poorly done appraisals and BPO’s (which is a whole different ball of wax)…

Does anyone have any input here?

Julie

Sedona, AZ