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"Your status has been changed to Ineligible and will no longer accept appraisals performed by you" 57 Replies
Started by Sandra Farrance in General Appraisal Discussions. Last reply by Sandra Farrance 7 hours ago.
Father & Son Charged with Fraudulently Inflating Property Appraisals
Started by Joe The Appraiser in General Appraisal Discussions Dec 24.
Short sale assignment and contracts 6 Replies
Started by Nigel Mountbatten in General Appraisal Discussions. Last reply by Joe The Appraiser Dec 24.
2-family General Purpose form
Started by Nancy Price in General Appraisal Discussions Dec 23.
HUD delays implementation of their version of HVCC and Update/completion form
Started by Cynthia in HUD/FHA & VA Dec 22.
MLS in the report? 11 Replies
Started by Joy (Jody) Price in General Appraisal Discussions. Last reply by Paula Lombardo Dec 19.
Deferred Maintenance/ Cost to cure 3 Replies
Started by Paula Lombardo in General Appraisal Discussions. Last reply by Glenn E. Walker Dec 19.
Questions about E & O insurance
Started by Jeff Hund in General Appraisal Discussions Dec 19.
HUD - Site Condo on a CONDO Form???? 14 Replies
Started by Paula Lombardo in HUD/FHA & VA. Last reply by Paula Lombardo Dec 18.
New independent contractor HELP! 10 Replies
Started by Karen Bloem in General Appraisal Discussions. Last reply by Cynthia Dec 17.
Latest Activity
"Trash-Outs" and painting brown grass green, an eye opening video at one area hard hit by this crisis -
alt="Mortgage And Real Estate News"
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Mortgage and Real Estate News
If there are one hundred verified arm-lengths transactions and two foreclosures, is it a foreclosure market. Do you ignore 98 valid sales and jump for the foreclosures? That was my point. One or two foreclosures a year does not "drive the market".
I didn't read her comment that the market had been uneffected by foreclosures. I read that they were not there were very few and the market was not "driven by them". Maybe I am not understanding this exchange. In our area here in California, we have…
If what your saying is that you were put on the list because you disagreed with the appraised value well that is a hard one to swallow- however if your saying that the bank didnt understand the increase in value from the first review to the second w…
I would like to add my 2 cents in as i do full appraisals on both coast and do review work nationally and you are right there are review appraisers that are horrible. I will give you a hint that might or might not help depending on the area that you…
Just read your comment saying you were in a market that wasnt influenced by foreclosures LOL thats like when an appraiser states that the market area that the subject islocated is stable- please tell me where this market area is that isnt effected b…
In Los Angeles this home sells for a premium .......
04:13
Real Estate Appraisers Creating Podcasts Using iPhone and AudioBoo For Their Appraiser Blogs…Adding Value To Their Local Readers!
http://www.realestateappraisertips.com/ - Real Estate Appraisers Creating Podcasts Using iPhone and AudioBoo...Adding Value To Their Local Readers! It's all about adding "value", solving problems, helping your market better understand....whereever y…
http://www.mortgagefraudblog.com/index.php/weblog/permalink/father_son_charged_with_fraudulently_inflating_property_appraisals/
James Merritt Eaton, 60, Laguna Beach, California, his son Brian Chandler Eaton, 28, Laguna Beach, California, and real…
and just how do you participate in the market?
I was under the impression that we were to report the market, be the eyes for the bank?
Let me take a line from the bottom of the 1004,
'my (our) opinion of market value, as defined, of the real propert…
I am working on an assignment for a private transaction. It is a market value for an insurance company on a fire damaged home MV prior to fire.
Subject is a 2-family home in a severely depressed foreclosure market. There is no recent rental data ava…
How can you determine market value when you are not participating in the market. No where in the definition of market value does it reference the opinion of an appraiser. All you can do as an appraiser is estimate the market value.
HUD sends you a Merry Christmas in for form of announcing today that they are delaying the implementation of the rule which will not allow brokers to directly order appraisals and the adoption of the Completion/Update for until Feb 15th. Yeah!
Thank you HUD for this little bit of Christmas cheer. Hud announced this afternoon Dec 22nd that they will delay until Feb 15th the new rule which will not allow brokers to order FHA appraisals directly from appraisers and the adoption of the Comple…
Well said Joe. I especially agree with this We determine market value.
The bank wants to know how much they are losing in the deal.
Well, this is coming in a bit late. I have not been checking in as of late. I wanted to thank you.
No you noted the deferred maintenance , it's not a new order and in my opinion it's a reasonable request for the lender to know what they are dealing with ....
Appraisal News
How far away can an appraiser be?
How far away can an appraiser be? - That's the question Charles W. Elliot Jr., MAI, SRA asked in his article Value Nation: How far away can an appraiser be? "This question reminds me of the question of how long...FHA Drops Two-Appraisal Requirement in Declining Markets: FHA Mortgage Letter 09-48ml
A second-appraisal requirement that had been issued by the Federal Housing Administration at the height of the housing crisis has been repealed for loans that exceed $417,000 in declining markets and for cash-out refinances. A second-appraisal requirement will remain when...Federal Regulators Issue Final Model Privacy Notice Form - Must Appraisers Comply?
Eight federal regulatory agencies today released a final model privacy notice form that will make it easier for consumers to understand how financial institutions collect and share information about consumers. Under the Gramm-Leach-Bliley Act (GLB Act), institutions must notify consumers...FHA boss: FHA is not the new subprime
Federal Housing Administration Commissioner David Stevens said Saturday that concerns the agency is headed for the same financial trouble that snared Fannie Mae, Freddie Mac and the subprime sector are unwarranted. Stevens made the remarks during a speech at the...Stigmatized Homes - Why Did Nicholas Cage Buy Haunted Houses
According to the Examiner.com in Chicago (full article) "It is believed that Cage bought the homes specifically due to their spooky past. Apparently he thought it was a good idea at the time or else he would not have done...NovaStar narrows loss, but liabilities outweigh assets - Counting on AMC StreetLinks
NovaStar Financial Inc. greatly reduced its third-quarter loss compared with the same period last year, but its shareholders’ deficit reached more than $1 billion, and the company said its “ability to continue as a going concern” is in doubt. In...Video Sneak Peek: a la mode's DaVinci for iPhone coming soon to the Apple App Store
DaVinci for iPhone has been submitted to Apple by a la mode, inc., and they're waiting to hear when it will become available for download on the iTunes App Store (probably week or two). To promote the pending release of...Press Release: Average Distance Traveled by AMC Appraisers is 13 Miles
PITTSBURGH -- November 10, 2009 -- Findings Reconfirm AMC's Strong Reliance on Local, Independent Appraisers -- The typical driving distance traveled by independent appraisers, retained by the nation's largest appraisal management companies (AMCs), averages 13 miles in urban and suburban...KB Homes and Countrywide Financial Named in Class Action Complaint Alleging Inflated Appraisal and Inflated Appraisal Fee Schemes
KB Home and Countrywide Financial Corp. have been named as defendants in a Class Action suit filed on October 30th, 2009 in the US Dist. Court for the Middle District of Florida - Orlando Division. The attached suit details alleged...HUD Issues Mortgagee Letters on Condominium Approval (2009-46A & 2009-46B)
November 6, 2009 MORTGAGEE LETTER 2009-46 A TO: ALL APPROVED MORTGAGEES SUBJECT: Temporary Guidance for Condominium Policy In Mortgagee Letter 2009-46 B, the Federal Housing Administration (FHA) announced the permanent baseline guidance for condominium project eligibility. This Mortgagee Letter (ML)...Photos
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