Appraisers' Free Forum

Just got 5 field reviews for the same bank in the same cookie cutter subdivision. The assignment was through an AMC so in spite of the low fee per report, due to the duplication, model matches, etc., it seemed well worth it. The assignments were apparently quality control, nothing out of the ordinary until. AMC calls back and says reviews are fine, but they now say “REVIEWER MUST ENTER THE ORIGINAL OPINION OF VALUE ON FORM 2000 IF REVIEWER AGREES WITH ORIGINAL VALUE”

My understanding is if the reviewer is of the opinion that MV in the report under review is accurate, the reviewer simply checks yes in box 10 . Sometimes I love the boxes.

I’m in a foul mood lately and am ready to tell this AMC to take it or leave it. If they cancel and refuse payment, I’m ready to go directly to the lender and make noise. Does anyone else enter a value on form 2000 if they agree with it? It seems that with the previous review form there was occasionally some debate over this, but with the March 2005 version it seems very clear. What say the experts? Should I simply bend over and enter the value I am agreeing with?

Hmmmmm - hit the tequila bottle last night eh? LOL

"I concur with the value of $###,### shown on the appraisal based upon the EAs indicated on and attached to this report."

So Mr. Otie you're saying you would submit to the demands of the AMC? Maybe it is splicing hairs, but I do have my pride. Plus, I wonder if the reason for the demand of the numeric value on the review when the reviewer concurs with the value has anything to do with E & O policies? What I find interesting with this one is they haven't asked yet if I have E & O. I have a hunch they will request that next. BTW that was a cheap shot about hitting the tequila. My head does still hurt, in fact it hurts like hell, but I I'm sure it was from the jalapenos. Even so, I'm offended and I'm reporting your post to the moderators. Wayne won't stand by and allow respectable members to be hassled by yahoos.

Senior, you better realize who you are messing with.

Otis lives in a rarefied world that is aloof from the rest of us peeons.


I can remember when I was told if I check a box yes, then I must say 'yes I agree with xxx'. I asked why I needed to type it out when the check box said the same thing. Apparently they were looking to avoid an inappropriate box being checked due to cloning.

I'm growing calmer and more rational as the weekend progresses. I realize that tomorrow will be a work day and when that AMC calls for status at 8 AM on the reviews, I won't be nearly as brave as I am now. I'm going to give them what they want and parrot the value in the original reports.

tel wrote:Apparently they were looking to avoid an inappropriate box being checked due to cloning.

That seems reasonable to me.

I yam assuming your doing or providing the 2005 field review and if you agree on page 1) #10 and answer "Yes" - on page 2) bottom of page it notes;

Review Appraiser Opinion of Market Value (Required only if review appraiser answered "NO" to Question 10 in section 1).

Perhaps they are Unfamiliar with the New Forms, I would point out the problem if you start contradicting yourself - that is why they Hired You - afta all You are the soothsayer of accuracy and informal training of latitudes/longitudes and altitudes, of course you are above the crowd, so you thought it would be appropriate to bring this up, so they don't wind up with Egg on there face in front of their Investors, who will then assume you can't read.