When I first read of bifurcated appraisals, I thought the article was meant to be humorous.  This idea might be compared to having an unlicensed, untrained, unqualified and uninsured total stranger check you out when you are terribly ill, email his thoughts to your doctor, and then your doctor makes a diagnosis from that data and mails you a prescription.  Really?

These appraisals are a guarantee that appraisers will no longer be able to protect their clients from making bad investments.  The chance that appraisers will be able to produce credible and accurate appraisals based on second hand data will be zero.  

'Hard to believe that the powers that be would actually want to make it easier for banks to make bad loans based on inaccurate bifurcated appraisals.  But I suppose there is someone out there who knows how to make a profit out of bank failures.  At least, I must assume that is the idea behind this exercise in faulty judgement.