RE appraisers are feeling pressure to hit the number.Ninety percent of real estate appraisers feel pressured to "hit the number."That is the finding from a research survey of approximately 1,200 appraisers. That number is up sharply from the 2003 survey, which reported that 55% of appraisers felt pressured by mortgage brokers, lenders, real estate agents and homeowners to reach a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: value. The American Society of Appraisers (ASA Asa (ā`sə), in the Bible, king of Judah, son and successor of Abijah. He was a good king, zealous in his extirpation of idols. When Baasha of Israel took Ramah (a few miles N of Jerusalem), Asa bought the help of Benhadad of Damascus and ) believes that lender pressure is an ongoing problem for appraisers and is committed to supporting legislation to reform fraudulent practices in the mortgage lending industry. ASA, along with the Appraisal Institute The Appraisal Institute (Institute), headquartered in Chicago, Illinois, is an international association of professional real estate appraisers.[1] It was founded in January 1991 when the American Institute of Real Estate Appraisers (AIREA) and the and the American Society of Farm Managers and Rural Appraisers, are actively supporting legislation that seeks to combat predatory predatory pertaining to predator. predatory behavior the hunting of birds, mice and small reptiles by cats and the hunting and herding behavior of dogs, often facilitated in a pack. lending and mortgage fraud. |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion