Comments on: 90 Percent of Appraisers Pressured To Restate, Adjust, or Change Values in 2006 http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/ Real Estate Blog, Mortgage, and Development News Mon, 15 Mar 2010 01:17:42 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: eAppraiseIT Sued By NY Attorney General Over Inflated Appraisals For Washington Mutual — The Real Estate Bloggers http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/comment-page-1/#comment-92478 eAppraiseIT Sued By NY Attorney General Over Inflated Appraisals For Washington Mutual — The Real Estate Bloggers Sat, 03 Nov 2007 13:05:45 +0000 http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/#comment-92478 [...] a good chiropractor because their necks only allowed them to look up. But think of the world if the appraisers had held their ground and maintained their ethics. Many of the bad loans we are trying to unwind would never have been [...] [...] a good chiropractor because their necks only allowed them to look up. But think of the world if the appraisers had held their ground and maintained their ethics. Many of the bad loans we are trying to unwind would never have been [...]

]]> By: California Passes Law Forbiding Appraisers to Hit Price Targets — The Real Estate Bloggers http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/comment-page-1/#comment-82561 California Passes Law Forbiding Appraisers to Hit Price Targets — The Real Estate Bloggers Wed, 10 Oct 2007 12:37:09 +0000 http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/#comment-82561 [...] target by mortgage brokers or others involved in the sale of a home. Back in July we covered how 90 percent of appraisers felt at different times that they were pressured to hit a target when completing an appraisal at [...] [...] target by mortgage brokers or others involved in the sale of a home. Back in July we covered how 90 percent of appraisers felt at different times that they were pressured to hit a target when completing an appraisal at [...]

]]> By: bill mcinerney+ http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/comment-page-1/#comment-55501 bill mcinerney+ Sun, 22 Jul 2007 12:35:21 +0000 http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/#comment-55501 And where were the state "regulators" who oversee licensed appraisers? What happened to The USAP? It's the old story, " He who has the gold, makes the rules." BIll McInerney And where were the state “regulators” who oversee licensed appraisers?

What happened to The USAP?

It’s the old story, ” He who has the gold, makes the rules.”

BIll McInerney

]]> By: J at Inexpensive Home Building http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/comment-page-1/#comment-55394 J at Inexpensive Home Building Sat, 21 Jul 2007 17:03:34 +0000 http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/#comment-55394 A majority felt pressure even in 2003. A majority felt pressure even in 2003.

]]> By: Doug Quance http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/comment-page-1/#comment-55369 Doug Quance Sat, 21 Jul 2007 13:34:16 +0000 http://www.therealestatebloggers.com/2007/07/21/90-percent-of-appraisers-pressured-to-restate-adjust-or-change-values-in-2006/#comment-55369 Sometimes appraisers do need a push, Tom. Not often... but from time to time. They do have some flexibility, as their craft is a professional opinion of value... not science. Ultimately, if a buyer is willing - and the number isn't too far-fetched - the appraiser will try to justify the sales price. After all, market value is what the market is willing to pay. Everyone's a genius when the market goes up... and we all look for scapegoats when the market goes down. Sometimes appraisers do need a push, Tom.

Not often… but from time to time.

They do have some flexibility, as their craft is a professional opinion of value… not science.

Ultimately, if a buyer is willing – and the number isn’t too far-fetched – the appraiser will try to justify the sales price. After all, market value is what the market is willing to pay.

Everyone’s a genius when the market goes up… and we all look for scapegoats when the market goes down.

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