Tuesday, July 25, 2006



habe bei marinite auf http://marinrealestatebubble.blogspot.com/ folgenden link wiedergefunden http://appraiserspetition.com/

Appraisers Petition
Concerned Real Estate Appraisers from across AmericaSubmit the attached petition (Which was posted on appraisersforum.com):

To: Mr. Ben Henson - Executive Director Appraisal Subcommittee (ASC) Federal Financial Institutions Examination Council email: benh1@asc.gov

cc: Other state or federal agencies with authority in the following matter

"The ASC's mission is to ensure that real estate appraisers, who perform appraisals in real estate transactions that could expose the United States government to financial loss, are sufficiently trained and tested to assure competency and independent judgment according to uniform high professional standards and ethics." From the ASC website.

The concern of this petition has to do with our "independent judgment" in performing real estate appraisals. We, the undersigned, represent a large number of licensed and certified real estate appraisers in the United States, who seek your assistance in solving a problem facing us on a daily basis. Lenders (meaning any and all of the following: banks, savings and loans, mortgage brokers, credit unions and loan officers in general; not to mention real estate agents) have individuals within their ranks, who, as a normal course of business, apply pressure on appraisers to hit or exceed a predetermined value.

This pressure comes in many forms and includes the following:

the withholding of business if we refuse to inflate values,
(bei nichtgefallen der schätzung weil zu niedrig zukünftig kein geschäft mehr)
the withholding of business if we refuse to guarantee a predetermined value,
(wenn ein von den parteien vorgegebner wert nicht "geschätzt" wird zukünftig kein geschäft mehr)
the withholding of business if we refuse to ignore deficiencies in the property,
kein geschäft mehr wenn nicht über bauliche mängel "hinweggesehen" wird
refusing to pay for an appraisal that does not give them what they want,
keine bezahlung wenn die aktuelle schätzung nicht den gewünschten preis erzielt
black listing honest appraisers in order to use "rubber stamp" appraisers, etc.
aufrechte gutachter werden auf den internen bank und brokerlisten ganz weit nach hinten geschoben / gleichbedeutend mit null aufträgen

We request that action be taken to hold the lenders responsible for this type of violation and provide for a penalty on any person or business who engages in the practice of pressuring appraisers to do dishonest appraisals that do not provide for independent judgment. We believe that this practice has adverse effects on our local and national economies and that the potential for great financial loss exists. We also believe that many individuals have been adversely affected by the purchase of homes which have been over-valued.

We thank you for your cooperation and assistance.

auf gut deutsch:

bereits im jahr 2002 wo diese petition in die wege geleitet worden ist haben einige aufrechte schätzer/gutachter das debakle kommen sehen und ihren unmut luft gemacht.

das o.g. statement ist im prinzip nichts anderes als ne öffentlichmachung ner anscheinend branchenüblichen erpressung durch banken, makler, broker usw. warum wundert mich das eigentlich nicht mehr........

selbstredend ist diese petition wirkungslos verpufft. anders sind die bubblepreise
nicht zu erklären und viele viele billionen $ refinanzierung wären so nicht möglich gewesen.

paßt irgendwie gerade gut zu den zurückdatierten optionen..........



Comment by OC Appraiser
2006-07-24 16:07:14
I’ve been saying shit was gonna hit the fan for a while now. There is too much fraud. I am an honest, ethical, yes very competent appraiser in OC, but I havent gotten a single order in 2 weeks. And its not for lack of marketing skills or experience. I am Certified and have been at it for 6 years. My competition? Brand new appraisers with less than a years experience as licensed appraisers. These guys hire 3-5 trainees and form an appraisal sweat shop. The trainee is clueless, and so is the licensed guy. These are the guys getting all the work right now in Orange County. These are the guys who mostly inflate values by all means, do not disclose property physical or locational issues. These incompetent, sorry excuses for appraisers actually think its their duty to help make the “dealwork. They actually think they are “good” appraisers, because they can “find” the value. They dont know anything about appraising other than how to fill out the form, where to put the value, and where to sign it. These guys were selling ties at Nordies 12-18 months ago. Now they are trusted to independently, ethically, and competently evaluate $900K properties? Yea right. The tide is indeed turning. Word is that in September the feds will issue new rules, not guidance, regarding underwriting standards. Talk about the straw the broke the camels back. Look out below. As for me, I’m certain when the banks get more and more bad loans, they will call the ethical, knowledgable appraisers to help them sort through all the garbage, and the “skippy” appraiser will be back to washing cars for a living, or better yet, he’ll become a real estate agent or mortgage broker. Scumbags.

der kommentar kommt aus nem blog http://thehousingbubbleblog.com/?p=1120#comments
zum thema gutachterbetrug. denke man muß den typen verstehen. keine kohle weil ehrlich.
und umgeschulte verkäufer frisieren die zahlen so das der nächste cashout weitergehen kann.



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