The Appraiser's Water Cooler

THE "Social Network" for Real Estate Appraisers

Let's get to know one another! Join Appraisal Scoop's social network forum to let us know more about you, your business, and your hobbies.

Forum

Nigel Mountbatten

Short sale assignment and contracts 6 Replies

Started by Nigel Mountbatten in General Appraisal Discussions. Last reply by Joe The Appraiser Dec 24.

Joy (Jody) Price

MLS in the report? 11 Replies

Started by Joy (Jody) Price in General Appraisal Discussions. Last reply by Paula Lombardo Dec 19.

Paula Lombardo

Deferred Maintenance/ Cost to cure 3 Replies

Started by Paula Lombardo in General Appraisal Discussions. Last reply by Glenn E. Walker Dec 19.

Paula Lombardo

HUD - Site Condo on a CONDO Form???? 14 Replies

Started by Paula Lombardo in HUD/FHA & VA. Last reply by Paula Lombardo Dec 18.

Karen Bloem

New independent contractor HELP! 10 Replies

Started by Karen Bloem in General Appraisal Discussions. Last reply by Cynthia Dec 17.

 

Latest Activity

The Sad Reality Foreclosure Alley is the most popular video to date
"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" width="220" height="50" border="0" align="middle" /> Mortgage and Real Estate News
6 hours ago
There are 1708 members on The Appraiser's Water Cooler
6 hours ago
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".
7 hours ago
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…
7 hours ago
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…
18 hours ago
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…
18 hours ago
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…
18 hours ago
In Los Angeles this home sells for a premium .......
yesterday
Bill Cobb added a video
04:13
Real Estate Appraisers Creating Podcasts Using iPhone and AudioBoo For Their Appraiser Blogs…Adding Value To Their Local Readers!
on Saturday
Bill Cobb added a discussion to the group iPhone Apps To Assist Appraisers
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…
on Saturday
Joe The Appraiser added a discussion
on Thursday
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…
on Thursday
Nancy Price added a discussion
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…
on Wednesday
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.
on Wednesday
Cynthia added a discussion to the group AppraisersInformationNetwork
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!
December 22
Cynthia added a discussion
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…
December 22
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.
December 19
Jeff Hund added a photo
December 19
Well, this is coming in a bit late. I have not been checking in as of late. I wanted to thank you.
December 18
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 ....
December 18

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)...

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