The Federal Reserve has recently reiterated that "financial institutions must have an effective, independent real estate appraisal and evaluation program," and that appraisers performing reviews should "have the knowledge and expertise to assess compliance with the Federal Reserves appraisal regu
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11/25/2008
I read a news story from MSNBC indicating the reality now setting in on many sellers in the market. You can read the story at http://www.msnbc.msn.com/id/27648884?GT1=43001 One statement was made by a Florida seller, "We lost close to $100,000 in equity so we were walking away from real money."
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11/13/2008
I recently completed the ERC course "The Relocation Appraisal Training Program" I signed up with ERC to promote my real estate forecasting skills with trend analysis. You may not be interested in joining another organization - but I would really recommend this course to anyone appraising homes f
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11/11/2008
I was recently contracted to perform a second FHA appraisal for a new construction. The builder thought this was odd since they had JUST had an FHA appraisal completed. I waited until they cleared it up with the lender and sure enough, the lender wanted a 2nd appraisal. When I drove out to see t
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11/06/2008
I have found for some reason, that some of the videos displayed in past blog posts, will occasionally not appear. Sometimes, you will get a small silver triangle where the video should be - and you can click on it to play. I was informed by some colleagues, that they were not able to access the
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11/05/2008
I have found recently that many neighborhoods in the Central Florida housing market, show significant differences between what a seller's expectations are and what is reality from the buyer. One example of this, is in a community south of Clermont, FL known as Westchester. There are presently
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11/03/2008
