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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: neolib who wrote (265575)	8/1/2010 10:24:37 PM
From: Valuepro	Respond to of 306849

The days you are talking about are likely the around the time we we were nearing and into the "S&L Crisis". Prior that time, I can assure you that there was a lot more competency and professionalism within the larger institutions with whom I consulted. Furthermore, and among professionals, there really is no such thing as "a conservative appraisal" A property has a value within the parameters of the assignment, or it does not. Acknowledging that there can be an estimated range in value for an appraised property, the appraiser is to pick a number that is neither high nor low as the estimated Fair Market Value, and that number should be that persons honest opinion of a likely selling prices as of the valuation date - nothing more, nothing less. At least that's the way the system is supposed to work, and it was far better at this before the advent of Appraisal Management Companies.