appraisal issues: Appraiser identity theft... too close to home - 08/31/08 06:10 PM
A local appraiser finds out that a manager of an appraisal company had stolen her appraiser identity 'some years ago' and wrote multiple reports under her name. It was not until a lender contacted the appraiser to do an update appraisal that the appraiser pieced together what was going on.
I would be livid... … (3 comments)
|
appraisal issues: Dave Biggers of a la mode blog talks about the HVCC - 07/31/08 06:33 PM
I received this announcement after the show had gone live. I'm sure they will post the show for viewing later, but currently my computer isn't taking too kindly to their web site. If anyone has heard, let us know how it went.
Per a la mode, inc pop up:
Tune … (5 comments)
|
appraisal issues: How do you provide forecasting analysis on active listings? - 07/12/08 12:49 PM
As the industry collectively bite their nails these days, I find more and more odd requests coming from underwriters. This last request I just can't seem to wrap my head around and so I thought perhaps my peers and other underwriters out there could assist.
This is in regards to … (24 comments)
|
appraisal issues: Questioning authority: How do you apply remaining economic life to a condo? - 06/13/08 01:52 PM
A fellow appraiser of mine is at a loss. He's been debating with one of the big banks how on earth an appraiser is to apply a remaining economic life value to a condo.
Below are some excerpts from his correspondence with the big bank:
"As this is a condominium form … (13 comments)
|
appraisal issues: Digging out some more appraisal posts in the AR bloggosphere - 06/12/08 12:52 PM
Here is the second assortment of appraisal-related posts that were not posted in the AR appraiser forum.
The first blog with such content can be found here for your reference.
Check your appraisal by Marc Brinitzer
The accuracy of drive by appraisals by Larry Ellis
FHA Loan Appraisals & … (8 comments)
|
appraisal issues: Most common USPAP errors that Appraisers make... - 05/07/08 01:37 PM
This is a list of the most common USPAP errors according to my state appraisers board. Just a note to the pros out there that are not familiar with appraisal guidelines, if we [appraisers] are caught (on purpose or accident) abusing any of these USPAP guidelines, we are fined, given additional classroom … (7 comments)
|
appraisal issues: Armando Montelongo is not showing appraiser-love.... - 02/24/08 01:43 PM
This was in Ann O'Rourke's newsletter today (go to http://www.appraisaltoday.com and sign up for Ann's free newsletter!) :
Armando Montelongo accused of failing to pay real estate appraiser.
A San Antonio-based real estate developer featured on the cable television show "Flip This House" has been indicted by a Travis County grand jury … (17 comments)
|
appraisal issues: Fishing out other appraisal posts around Active Rain - 02/08/08 07:11 PM
Sometimes, I take a stroll around AR to find appraisal posts that didn't hit the main groups, but I thought today I would take a little fishing trip and snag some of these links, and put them all in a nice little barrel for an easier ‘catch' ...
Todd Hurst … (28 comments)
|
appraisal issues: URAR Form Questions: Part 1 – Active & Sold Comparable Sales - 02/08/08 12:41 PM
Ever since the new URAR forms came out, I have been debating the active and sold comparable listings field with my fellow appraisers and so I'm hoping to turn that debate into a larger circle of professionals to attempt to get an answer that everyone might agree upon.
My co-workers are … (22 comments)
|
appraisal issues: Appraisers - 2007 Year end summations - - 01/19/08 06:58 PM
What was supposed to me a 15 minute project has turned into a couple of hours of reading over old posts, finding blogs that I had missed and all around reflecting over this group. I just thought I would take a moment Saturday to thank you all for your contributions and readership … (14 comments)
|
appraisal issues: Appraisal Management Companies - 01/15/08 08:23 PM
As things get to beyond ‘winter slow' appraisal-wise around these parts, I start looking at my options for a bit of financial comfort. The easy way to go... an appraisal management company...
I wince.
I admit, I'm not a fan of appraisal management companies, but perhaps that's simply because I am … (38 comments)
|
appraisal issues: Permits Schmermits - 12/22/07 11:16 AM
This article reminded me of my experience with the permit process was for a gas fireplace that we had installed last year.
After installation, a very nice elderly gentleman came to our door. This man, the inspector should have retired many moons ago. He was more interested in our ‘nice kitchen' and … (26 comments)
|
appraisal issues: Trick question... I think - Storefront or storage? - 12/14/07 11:55 PM
OK, fellow appraiser hot shots... I've got a question -
I've been asked to appraise a building that was designated commercial storefront with apartments above (by the city), but the storefront has been used for storage for years. The units are still rented to residential tenants. Due to it's location, I'm going … (11 comments)
|
appraisal issues: Should I wish to be in a ‘foreclosure' market? - 11/12/07 11:54 PM
After a slow day of Appraisal inspections (holidays like this Veterans Day, is usually busy for Appraisal inspections due to ‘normal folks' having days like these off). I was listening to this on NPR. This newscast has come up on a blog one other time on AR. (I wish I could … (9 comments)
|
appraisal issues: Know your Comps and be Suspicious of Fraud - 11/09/07 01:43 PM
The house is in my neighborhood and I walk past it nearly every day. I've run across this sale quite a few times in my sales searches. I'm not sure what the inside looks like, but the outside is less than spectacular. I imagine that the inside has upgrades such as … (17 comments)
|
appraisal issues: Google Street Views can help an Appraiser (and other RE Pros) - 10/23/07 10:21 AM
I know the GPS is a house or two off and images are a bit lacking, but I must say that Google Street Views has potential. I'm inclined to reference Street View links in my report if there's a view or other neighborhood amenity/defect that is note-worthy.
For instance now I can show … (12 comments)
|
appraisal issues: More crazy things that Lenders decide to put in writing - 10/22/07 01:32 PM
I'm starting to think that perhaps it would be wise to make USPAP mandatory for Lenders as well -
Thanks to Anne O'Rourke's email newsletter, I was directed to this article at the Mortgage Lender Implode-O-Meter (they're great web sites, you should bookmark both of them). Here are some key points that just … (26 comments)
|
appraisal issues: When Real Estate Professionals go bad - 10/17/07 02:04 PM
I first made mention of an unscrupulous Loan Officer that was fishing for less than honest Appraiser's in this post. I thought I had also made mention of this post that is on my myspace appraiser's forum (rather inactive since I discovered AR).
Here is the gist of the originally poster:
im … (14 comments)
|
appraisal issues: Lender Guidelines for Appraisals... Can we keep up? - 10/16/07 11:45 AM
ABC Lender Guideline Update - Appraisal Guidelines
ABC Lender is amending the appraisal requirements for all of its loan programs. The changes include:
The Maximum Distance for Comparables is 0.5 (Urban), 1.0 (Suburban), and 5.0 miles (Rural). Comparables that exceed the distances above will not be accepted.
The Maximum Comparable Age is 3 months from the date … (12 comments)
|
appraisal issues: How to do your own 'Comp Search' - 10/08/07 11:15 AM
How to do your own ‘Comp Search':
1) Talk to your borrower about their house. Ask them if they have any amenities or upgrades (inground pool, new roof, updated kitchen, etc.). Ask them what year their house was built and what style it is (Ranch, Split-Level, Traditional, etc.). Ask if there … (7 comments)
|
appraisal issues: Have AVMs gone too far (those little theives)? - 10/08/07 11:12 AM
Whether you (as an appraiser) know it or not, you may be giving your information to FNC which turns around and sells it to AVMs per this article:
http://www.alamode.com/News/07/070125.aspx
and then a link here: http://www.washingtonpost.com/wp-dyn/content/article/2007/01/19/AR2007011900089.html
[Appraisers] claim that their appraisal reports are being systematically looted of key information without compensation or permission. Appraisers say … (6 comments)
|
appraisal issues: Sorry, I'm gonna have to dock you for that Glamour Shot on the wall.... - 10/08/07 11:07 AM
Oh my word... this is actually a statement that a lender has put on their prerequisites for their appraisal report:
"Please be sure to adjust for any personal decor or condition issues in your grid and/or comment on decor in the narrative section of your report. The client considers personal decor, any … (2 comments)
|
appraisal issues: Communication breakdown by mandate - Realtors vs Appraisers - Disclosure - 10/08/07 11:01 AM
So it's our job (as Appraiser's) to research the facts in historic sales for the Market Approach to value and now it's the Realtor's job to hide those facts. Just when I thought that groups like AR were bringing the RE industry closer together, the industry leaders attempt to keep us … (2 comments)
|
appraisal issues: Cost-to-Cure - Unpermitted Additions - 10/08/07 10:59 AM
Dave from my myspace appraiser group (I think he's lurking in the shadows on activerain as well) posted informatoin about lenders wanting a cost to cure statement for unpermitted additions -
Here is one of his quotes: "I do not include the square footage of any additions in the GLA, in … (0 comments)
|
appraisal issues: Pre-determined value 'enticement' email... ugh, you had to put it in writing! - 10/08/07 10:51 AM
This is what Not to write to an appraiser... especially upon initial contact.
The following note was sent to me today. Appraiser's please feel free to elaborate on as many violations as possible that an appraiser could break should they choose to accept this without wording their answers VERY carefully... or add … (4 comments)
|
appraisal issues: How do you measure? ANSI rules included - 10/08/07 10:48 AM
When measuring Do you:
Deduct 6 inches for brick facades or use measurements from the interior or exterior?Round to the nearest inch, 1/4 foot, 1/2 foot, foot? Eliminate one level of the stairway and open spaces?It all adds up (or down) and when it comes down to it, it's all about … (0 comments)
|
appraisal issues: Energy efficient Items worth still not recognized - 10/08/07 10:43 AM
"[Appraiser's] don't calculate energy improvements made to homes because standards don't exist to accurately measure the increased value from energy upgrades."
Reference: http://www.bizjournals.com/sacramento/stories/2001/07/30/focus7.html
I was reading this old article on bizjournals.com about appraiser's and energy efficient items. The fact is, if it's not a standard in the MLS listing or tax information, appraiser's … (0 comments)
|
appraisal issues: 3rd Party Service contract for Appraisers - CYA all the way - 09/30/07 06:39 PM
I've been holding on to this agreement that a new client sent over. Bare in mind that my prelimary client in this case will be a broker who should hold initial responsibility for the appraisal payment. Perhaps you Appraiser's have received one of these letters:
" THIRD PARTY SERVICE PROVIDER NOTIFICATION
The xxx State … (2 comments)
|
appraisal issues: Blacklisting an honest Appraiser - 09/26/07 02:10 PM
With the recent slow down in business, my Associates and I have been busying ourselves with organizing, bill collecting, brushing up our resumes, continuing education classes and in my fellow Appraiser's case, once again attempting to clear his name from a Lender's ‘Blacklist' -
For those of you fortunate enough to … (28 comments)
|
appraisal issues: Big Bank Appraiser - 08/22/07 12:27 AM
A fellow Appraiser friend of mine grew tired of the Lenders strong arm regarding value, condition, etc. and so he signed on as a Big Bank Appraiser. Alas his troubles with these issues had come to an end... he thought....
As time passed, he felt the strong arm of the Big Bank … (12 comments)
|
appraisal issues: CMA verses Appraisal - 08/14/07 09:56 PM
I found this video on YouTube and thought it was interesting... Especially the opinion that a CMA uses emotion while an appraisal is black & white.
Yes, we as Appraiser's are not supposed to judge on decor or personal taste, however we are supposed to note if the house smelled of cat urine, … (5 comments)
|
appraisal issues: Pool measurements for the insurance agent? - 07/30/07 06:21 PM
Hey all -
I haven't run across this before, but then again, we don't have many in-ground pools around these parts.
I have an Insurance Agent that is requesting parameter measurements of an in-ground pool for insurance purposes. I have never heard of anything like this before. What is the point of … (3 comments)
|
appraisal issues: Adventures in backwoods appraisin’ - 07/15/07 01:13 PM
Last year I took on an assignment in Gaston, Oregon about an hour outside of Portland. This isn't my normal beat, but I've been known to take rural appraisals here and there just for the scenery. And my plan was to take half the day off and continue on towards Gleneden … (7 comments)
|
appraisal issues: All (most) of my blog entries - 07/05/07 11:13 AM
Hello ~
Below is a list to most (some were simply too lame to bother with) of my blog links that are located in my Appraiser's group. Please go to the group to find some amazing professionals and their blogs. Appraisers and all other Real Estate industry professionals are welcome to view, … (0 comments)
|
;)
Links;)
Tags (Tag Cloud);)
Archives
