dave1949
Super Star Member
hchxoom: Your comment regarding more regs for appraisers makes sense, they were part of the problem too. One asked my brother on a re-fi how much he needed the house to appraise for, as an example.
hchxoom: Your comment regarding more regs for appraisers makes sense, they were part of the problem too. One asked my brother on a re-fi how much he needed the house to appraise for, as an example.
Yep, there were many examples of bad appraisers just as with bad bankers (and more than a few where bad bankers and bad appraisers were in cohoots with bad borrowers), thus the regulations. However, as with anything the majority (of appraisers, bankers, and borrowers) are good folks with good intentions... but they/we now have to live with the same costly regs put in place to hamstrimg the dummies and cheats (sins of the few cost us all). So goes the world as we move from individual handshakes, honor, and responsibility to asking the gov't to solve all ills through regulation (my opinion).