Appraisers' Free Forum

Otis wrote:Well Hoppy, that's an almost mute case now with HVCC. I doubt anyone is getting those calls any more.

Yeah. Isn't HVCC great!

However, Otis, since I posted the original in 2007 a lot of things have changed, but even with HVCC, this is still a valid question:

If a bank uses an appraisal prepared for another bank under the OCC regs, how can they know it has not been altered? What do you think is the solution to this problem?

Except, now, the question is, if a lender uses an appraisal prepared for another lender, how can they know it meets HVCC requirements?

Moot. Moot!!!! The word is MOOT not mute. And don't even think of spelling ridiculous as rediculous.



This place has really good emoticons doesn't it?

Steve Owen wrote: Except, now, the question is, if a lender uses an appraisal prepared for another lender, how can they know it meets HVCC requirements?

Lender B must obtain a letter from Lender A certifying that HVCC was complied with.

I agree with Mr. Hopeland, plus Mr. Otis is anything but mute.

Yeah, that's the theory. As a practical matter, it is not too likely to happen.

Hopland wrote:Moot. Moot!!!! The word is MOOT not mute. And don't even think of spelling ridiculous as rediculous.



This place has really good emoticons doesn't it?

You are correct on both cases - I wasn't paying attention when I typed it. Fingers move faster than the brain - I was on the inter-scholastic league typing in high school.

I was just joshin' ya oat man.

Do I look flustered ? LOL - how's it out there in HotFormia - it was 64 for a high today

Steve Owen wrote:Yeah, that's the theory. As a practical matter, it is not too likely to happen.

Actually, I posted this a few seconds late... it was intended to mean that getting a letter is not likely to happen. But, come to think of it, the other thing is not likely to happen either (Otis mute).

Steve Owen wrote:

Steve Owen wrote:Yeah, that's the theory. As a practical matter, it is not too likely to happen.

Actually, I posted this a few seconds late... it was intended to mean that getting a letter is not likely to happen. But, come to think of it, the other thing is not likely to happen either (Otis mute).

I know where you live.