Name:   lucky67 - Subject:   Treasury is at it again. Date:   3/25/2017 11:34:10 PM (updated 3/25/2017 11:39:19 PM)

yes GF you are 1/2 correct--but the lender doesnt choose the appraiser--its done via a rotation  via a service , created by your federal beaucracy , which adds about $100 to the cost of an appraisal and an extra 14 pages of gobble the appraiser has to complete, & no one understands, ; the lender, realtor, buyer, seller have NO control--as an example, recently an appraiser from HUNTSVILLE called me & asked if i could help him with data//comparables for an appraisal here at lake martin--he was not a member of the local MLS, had never been to lake martin, was going to charge an extra $200 just to come here--but was told if he didnt take the engagement , he would be removed from the "approved" list--now please tell me, if you were the seller & i was the buyer, would you want an appraiser from 300 miles away, who had never been to lake martin, appraising the property you were selling , plus charging you an extra $200 over the going rate ??? good old Dodd Frank--and by the way not all realtors & lenders are incestious--sure there were some bad ones, BUT  Angelo Mozillo, former Chairman of Country wide & close personal friend of both Barney frank & chris dodd ( they both received below market refinance loans with No cost from him) , & the biggest contributor to the meltdown ( Im still working on fraud cases from 2008--2010 that were instigated by Countrywide) is still sunning in a beach chair at his home in Malibu, wearing more gold chains than MR T; so unless youre an expert on Dodd frank, watch out because i have 40 fraud cases im working on that CFPB has done NOTHING about, but they do write lots of memos, take lots of trips, and pay big salaries--do your home work before commenting because I will be writing a book soon on the whole subject-i'll even autograph one for you personally --you will be enlightened as to how the Govt has handled the meltdown & wasted taxpayers Money ( I assume you pay taxes) ==actually FYI, im going to trial next month to testify on a case where the TREASURY paid a large bank lender $168 million on loan modifications--where they took the application , but denied the relief modifications  , which the borrowers fully qualified for--but still got paid anyway & the CFPB  or Treasury ,  did nothing--while the homeowners were foreclosed on