Posted By: mdog76
Engagement Letters - 04/03/13 03:50 PM
When sending an engagement letter to an appraiser for ORE purposes, is it ok to remind them in the letter of what the value was last year and send economic data showing that values have increased or held steady? Or would this be considered steering the appraiser or influencing the appraiser?
Some appraisers in our area are just assuming that they have to lower the value due to the economy.
Thank you.
Some appraisers in our area are just assuming that they have to lower the value due to the economy.
Thank you.