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Virginia Regulatory Town Hall
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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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6/26/19  12:50 pm
Commenter: Emily Shaw, Emily Shaw Appraisal Services

Hybrid/Bifurcated Appraisal Are A Dangerous Risk
 

Hybrid and/or Bifurcated pose a dangerous risk to us all. We are at a time where  values are peaking and we are in the upswing portion of the real estate valuation cycle . This is the absolutely worst time to lower standards. Does anyone remember the last financial crisis? Corners were cut, standards were lowered In the interest of short term greed. That is where we are now,  but instead of stated income/no doc loans, we now have the false lie of bifurcated or  hybrid “appraisals” as a foolhardy idea to cut corners. Anyone in favor of these is in favor on the next financial meltdown. 

CommentID: 72742