Appraisers' Free Forum

Mako · Member Joined: 11 Aug 2007 Posts: 849

While Trace Richardson doesn't appear to like the NAR Presidents letter to Freddie Mac & Fannie Mae...I sure do.

http://brokerscience.com/legal/hvcc/nar-president-richard-gaylord-hvcc/
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**Steve Owen** · Posted: Wed Jun 25, 2008 11:04 pm Post subject:

Jay Trotta · Member Joined: 12 Aug 2007 Posts: 812 Location: Snowglobe

One of the items I find truly interesting is the continued use of the language "appraiser & employee" being continually put to use throught the letter. Is someone trying to say that when you sign a Contract with the Lender that no matter how many times they state your Not an Employee, that just maybe it means you are an employee without any benefits ?? Wonder how the IRS would detemine the hours of employment with a Lender not being required to pay the industry standards Question

Steve, I agree, but also feel very strongly that AVM's are (in your words) a manipulative piece of machinery and therefore, illegal under the guidelines that Congress and GSE's have already put in place. Couple that with a Lenders % ownership in any of the AMC's and you have one brutal combination to decieve the Public.

We have entered into a phase of the most highly regulated profession on the planet, and yet we are offered crumbs for payment and knowledge of all those regulations. Can anyone tell me what; "a timely payment is" Question

There's an awful large quantity of americana language being strewn about, with only the closing of minimal gaps.
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Mako · Member Joined: 11 Aug 2007 Posts: 849

[quote="Steve Owen"]

**Steve Owen** · Posted: Thu Jun 26, 2008 10:33 pm Post subject:

I think you should do it, Mako. I have a tendency to really tick people like that off.

Or, better yet. Post it here and we can all plaigerize it and each write to him.
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**Otis** · Posted: Fri Jun 27, 2008 9:48 am Post subject:

I agree with you Mako - the letter, as a whole, makes since, but as Steve and Jay said, there's a mishmash of words and (my point) ideas and he doesn't go far enough to address the full concerns - there's needs to be a melding of all of the responses to all the agencies/organizations into one coherent letter.
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Mako · Member Joined: 11 Aug 2007 Posts: 849

**Otis** · Posted: Sat Jun 28, 2008 9:44 pm Post subject:

Mako · Member Joined: 11 Aug 2007 Posts: 849