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Review???????????
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3/29/2013 at 1:01:55 AM GMT
Posts: 297
Review???????????

I just received the review shown below on a report I completed last week.  House sold for $163,000, I appraised it at $170,000.  Just looking for input before I am rude to this lender.

Thanks

Carol 

"The appraisal is sound and the appraisal is well within the comparable price range.  The appraisal could be accepted "as-is.  "Based upon the definition of market value, however, I see no reason to appraise over the contracted purchase price and suggest you "Accept when Revised."

 

 

 



3/29/2013 at 2:33:39 PM GMT
Posts: 84

Sure sounds like a direction of value to me, Carol. I know what I'd be tempted to say in my response ...

If this reviewer is an appraiser, it would be interesting to view the workfile

sb



4/5/2013 at 1:04:00 PM GMT
Posts: 22

Perhaps the review appraiser needs to re-read USPAP.  The response is totally inappropriate.

Sometimes the things we have to confront are ridiculous.  Best of luck on it.



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