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Virginia Regulatory Town Hall
Agency
Department of Professional and Occupational Regulation
Guidance Document Change: Providing guidance to real estate appraisers and AMCs on the use of hybrid appraisals
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6/25/19  4:17 pm
Commenter: Skip Wines

Hybrid Reports
 

I nor anyone in my office will complete such reports. The liability it too great and the public deserves better. The notion that a hybrid appraisal is just as good as a full 1004 report is asinine. As long as lenders view the appraisal process as a speed-bump, we have learned nothing from 2008. Remember, there is no shortage of appraisers, only a shortage of those willing to work for AMC skimmed fees and endless scope creep. 

CommentID: 72713