3. I Wont Do What You Tell Me!

 (Original Text Posted in 2007 by Gary E. Geraci, hyperlinks added this posting - Actual names and addresses redacted by author, April 2012, however all dates and case numbers are authentic and can be retrieved under Federal Open Records law.)

“%@!# You! I Wont Do What You Tell Me!” -Killing in the Name by Rage Against the Machine 

“On 8/20/2004, Ms. N. B., the assignment's Houston, TX loan production officer of MORTGAGE BANK WF calls appraiser and demands that the cost to cure addenda be removed from the appraisal.  Appraiser states that this may not be possible. Ms. B. begins to attack appraiser’s qualifications with appraiser.  Ms. B. threatens to contact appraiser’s appraisal management company, AMC V.  Appraiser ends call as Ms. B.'s personal attacks are not welcome.” 

• excerpt from August 25, 2004 complaint letter to the Comptroller of the Currency: OCC Case 510551: 
• Undue lender pressure from MORTGAGE BANK WF loan officer and
• MORTGAGE BANK WF's appraiser management company, AMC V 
• to affect appraisal outcome on property located at 11111 Any Road, Leander, TX 78641 

“As stated in the report, during the inspection the appraiser noted multiple items of work in progress namely, electrical work in progress, septic tank work in  progress, plumbing work in progress.  In addition, electrical safety hazards, fire hazards, security hazards, and conditions for termite infestation and lead based paint hazards were observed. Multiple occurrences of curable functional obsolescence were documented and the associated costs to cure quantified according to the intended user’s scope of work request and standard USPAP practice.  Without a doubt, these items, if revealed to a market participant, would affect value or financing concessions.  After the inspection, the appraiser was made aware of “Addendum to Inspection No. 6233” in which the content of the Addendum further supported and continues to support the appraiser’s original observations…. Therefore, we hold that the “Appraiser’s Estimate of Cost to Cure Worksheet” is valid as delivered and no changes will be made.-Gary Geraci”

• - excerpt from Gary Geraci’s appraisal report of property located at 11111 Any Road, Leander, TX 78641, 
• AMC V Tracking No.11038845