maryland: Appraisers will appreciate this: Bracketing square footage - 04/13/12 08:20 AM
 
My fellow appraisers, I would love to share with you the following addendum that I added to a report this morning. I know you can appreciate the humor and frustration in this.
 
 
 
 
 
Addendum to Appraisal Dated 4/13/2012
 
Regarding the underwriters request to add two comparables which bracket the subject's square footage.
 
The subject contains 950 SF. The appraisal provides seven (7) comparables that have the exact square footage as the subject (950 SF). As shown in the aerial photo above, the subject's market consists of many 950SF ranch style homes. Using homes outside … (44 comments)

maryland: FHA Buyers - FHA Appraisals - A Call to Agents in the DC Metro Area - 01/27/12 09:14 AM
 
FHA Buyers – A Call to Agents
 
We all know that FHA loans are back in the game – they are reasonable and competitive and appeal to a much broader audience now, with changes in loan limits, terms, etc. And obviously, more FHA loans mean more FHA appraisals – Great!
 
 So now I make my plea to agents, if you know you have an FHA buyer, preview your houses, learn what FHA is looking for, take a course in basic residential construction – educate yourselves! If your buyer has limited available cash and your seller is unwilling to … (0 comments)

maryland: Appraisers Affecting Market Recovery?? - 01/26/12 05:47 PM
 
“Over the past several years, appraisals have impeded our market's ability to recover naturally.”
 
I read this in a blog today… this is just one sentence – it goes on and even worse, credits an appraiser who openly tries to meet contract prices and discusses/reassures listing agents/buyers of anticipated value. Scary!!!
 
Well, anyway, I felt compelled to defend not just myself, but the appraisal profession as a whole.  I guess I am slightly offended by the bad rep always being dished out to appraisers.  I mean, don’t get me wrong, I get just as ticked off by … (4 comments)

maryland: Excuse me while I rant... Where are the diligent loan officers??? - 05/25/11 12:53 PM
OK, so maybe it's just me... but I don't think so.
45-days into an FHA loan application and still no commitment. Do I think that is terribly unusual, no. What has me ripping my hair out is that along with no commitment comes (drum roll....)
No communication. Okay, okay... I do get maybe a single response to about every 5 to 10-email inquiries I send. Nothing of substance to date other than the favored "Should hear something back from underwriting by (insert fictitious date here)" No professionalism - they are e-mails, not text messages. Please, please, please; I am not 14, can … (5 comments)

 
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Alisa Delice, Realtor & Certified Appraiser Luxury, FHA, 203k, Historic

Riverdale, MD

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East Coast Valuations / W.F. Chesley Real Estate

Address: Washington DC, Montgomery, Prince Georges,Anne Arundel, Howard, Charles, Bethesda, Chevy Chase, Potomac, Takoma Park, Rockville, Hyattsville, College Park, Silver Spring, Laurel, Washington DC, Riverdale, MD, 20737

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