Richard Glesser's (richardglesser) Blog

Friday evening I received an e-mail contact from an AMC frantically trying to locate an appraiser for a property in Northern Michigan after most of the day with no success.  I called him and he gave me the address of the purchase.  I immediately asked him for the sale price as I recognized the pr...

58 years old and prepared to leap into the 21st Century, I finally opened a Facebook Page and explore e-Bay.  Forging ahead and bringing myself up to date, I've had the following results: Facebook:  I've reassociated with high school and college classmates from 35 and 40 years ago. e-Bay:  I foun...

Just saw an interview with the head of the Toronto Dominion Bank on CNN.  We need to copy our good neighbors to the North!!  Two points of interest struck me.  First, he said they do not sell their mortgages but keep them and service them.  If issues arise, they have the ability to restructure th...

June 24, 2010 Appraisal Game Changer on Horizon: HVCC Gone, BPOs, Reviews, AVMs Regulated, Greater Enforcement, Independence Reprinted with permission from Working RE Magazine:  WRE Editor's Note: Hang in there. The Financial Reform Bill, now in Senate Committee, could be a game changer for appra...

The following summary of a recent court case clearly indicates how Wells Fargo and their AMC, Rels, coerced appraisers but dodged the judicial bullet.  While the case was dismissed in favor of Wells Fargo, it was clear that a violation of HVCC took place but was judged not to affect the ability o...

I received the following e-mail and letter this afternoon regarding national legislation which would retire HVCC.  This would have a major beneficial impact on appraisers, Realtors, and mortgage originators.  Please take a moment to read and take some action.  Your transactions of next year will ...

The following comments were also received from colleagues during the past week.  I hope mortgage brokers who sell to Chase will take notice.  This is a company that exists today due to taxpayers bailout!  The public as well as our legislators NEED to be aware of these practices!   Tim is telling ...

The following was just received from another colleague who sits on Michigan's State Board.   OK, I can't make this stuff up any more. And you wonder who is working for Chase. Did you know that Chase is the #1 filer of complaints in all 50 states for appraisers.          Chase top 5 corrections re...

Just received this e-mail forwarded by a colleague.  Hard to believe when normal fees in my market area are $375-450.  Posting this to allow all to see the effects of HVCC and AMCs. Dan,   It amazes me that any qualified or competent appraiser would actually agree to what you offer and it amazes ...

For the second time this year, I've noticed Realtors from downstate listing properties in Northern Michigan.  This after all of the uproar about out-of-area appraisers producing poor reports due to lack of local competency.  One must question the motivation of the listing agent and how well the c...