Appraisal Foundation to Review Graduate Degree Programs

The Appraisal Foundation is establishing a program to review Graduate Real Estate Degree Programs. This is primarily for the purpose of allowing these Universities to offer their Graduate students appraisal credentials. According to the Appraisal Foundation’s Press Release: This...
January 13, 2009

Appraisal Fees Matter

From the Washington Post, an article discussing the negative ramifications of AMC’s offering low appraisal fees: But some prominent appraisers are scathing in their criticism of management firms. “Their quality is terrible — all they want you to do...
January 12, 2009

Appraisers Not Happy with HVCC

From Ken Harney’s weekly real-estate column: Well, you might ask: Since appraisers in the past have often complained about pressure from loan brokers and realty agents to “hit the number” — that is, turn in valuations high enough to...
January 7, 2009

Questions about the Home Valuation Code of Conduct

I recently read through the comment section of the Revised HVCC blog post, and one of the comments in particular jumped out at me. It asked some very good questions and made some poignant comments. I thought I would...
January 2, 2009

USPAP Q&A – December 2008

The USPAP Q&A is posted each month on The Appraisal Foundation website. Now, on to the questions… Current Sales Contract Not Provided Question: I am an appraiser with several bank clients that do not provide a copy of the...
December 31, 2008

Home Valuation Code of Conduct (Revised Version)

A revised version of the Home Valuation Code of Conduct, an agreement between New York Attorney General Andrew Cuomo and Fannie Mae and Freddie Mac, has been released. The Agreement will be effective May 1, 2009. Here is a...
December 23, 2008

State Law Regarding the Use of BPO’s

The Appraisal Institute has released a document listing the applicable laws regarding Broker Price Opinions. The list covers every state and breaks the states into three general categories: Unlimited Authority, Limited Authority and Broad Authority. Here is a link...
December 23, 2008

NYC Inflates Land Value of New Yankee Stadium

According to Wednesday’s New York Daily News, aides to Mayor Bloomberg put pressure on city tax assessors to inflate the value of land under the new Yankee Stadium to ensure the team qualified for $1 billion in tax-free bonds....
December 18, 2008

GSEs Look to Follow FHA’s Lead on Streamlined Refis

From the Housing Wire, Fannie and Freddie are considering a change with regard to how “Streamlined Refi’s” are appraised: In particular, the GSEs are considering a plan to allow some borrowers to refinance without the use of an updated...
December 15, 2008

Just When You Think It Can’t Get Worse for Appraisers

Thieves in Ocala, Florida broke into the offices of Grace Appraisal Services stealing only the computers and, of course, the surveillance cameras. Other expensive office equipment was left behind. The computers contained information on appraisal clients JPM Chase Bank,...
December 12, 2008