How to deal with appraiser - Posted by Leon Lien

import · October 18, 2001, 10:12am

Posted by David Krulac on October 18, 2001 at 12:19:27:

go to the court house and search the foreclosures, I don’t see apprasiers as a good source. imho

import · October 18, 2001, 10:12am

Posted by Leon Lien on October 18, 2001 at 10:12:55:

Did any one have experience dealing with appraisers to find out foreclosure leads ?

Is this a good source to find foreclosure leads ?

How would you normally deal with appraiser if he gives you a lead and how the profit sharing goes when you really cut a deal with the lead ?

Thanks for any info …

Leon Lien

import · October 18, 2001, 12:57pm

Re: How to deal with appraiser - Posted by RLB

Posted by RLB on October 18, 2001 at 12:57:53:

I am an appraiser. We are bound by confidentiality requirements to our clients that will prevent us in most cases from sharing information related to potential foreclosures

import · October 18, 2001, 12:21pm

As an appraiser myself… - Posted by ken in sc

Posted by ken in sc on October 18, 2001 at 12:21:04:

I can tell you that leads from appraisers will be very few if any. I have been an appraiser for 15 yrs and an investor for 7. I have performed probably 25 appraisals for REO houses in all those years. And most of those banks are already dealing with a Realtor. Even if I had a lead, givng out my clients name and phone number to an investor will likely not make the lender client like me more (and thus give me more business), thus I probably wouldn’t give it out.

To sum this up… I have never heard or been involved in this type arrangement between appraiser and investor. But if you can make it work - more power to you.

Ken