San Jose Short Sale Agent: Silicon Valley Foreclosure Prevention Specialists

I was a bit upset yesterday at having experienced what I’d been reading about for several months: dealing with an appraiser who was not from the area and did not apparently have the local knowledge that a real estate professional would expect from another real estate professional.  This is a problem, as appraisers who are local and have the requisite experience and the skills that are needed for doing a proper appraisal are being replaced by cheap, often inexperienced appraisers who got the job because  they can give these management companies bulk discounts.

Interestingly, this sentiment is shared by people from within the appraisal industry. As the article mentioned, HVCC started off with good intentions, however, it is now being transformed into something totally different and unrecognizable.  Rather than insuring that mortgage brokers not pressure appraisers to get values to match loans, inexperienced appraisers are killing legitimate deals because they do not know the market place.  How is this in line with the national goal of bringing the housing sector back and support the economy by helping close deals?  As with any industry, it’s fundamentally about “professionals” doing jobs in a professional manner.  How can the consumer benefit by being forced to use appraisers who don’t know the market place and killing legitimate deals with incorrect valuations?