Appraisal Scoop

Land Valuation: Extraction Has No Traction

2012-01-10T08:59:39-06:00

ARTICLE SOURCE: Vol. 4, Issue 1, January 2012 of the Illinois Appraiser newsletter from the Illinois Department of Financial and Professional Regulation. “Land values were based upon the extraction method.” Look familiar? If I had a nickel for every phoned‐in...

Geek's Corner: Magic Plan App Can Create Floor Plans By Photographing Corners of a Room

2012-01-09T09:47:35-06:00

I learned of of the MagicPlan App from the Photography For Real Estate (PFRE) blog. According to PFRE: "The app is free for download. The final floor plan is free for non-commercial use (includes a watermark) and $1.10 USD for...

"Factoring" Accounts Receivable, or . . . .Where's My Money?!

2012-01-07T12:16:04-06:00

GUEST AUTHOR: Ramir Rodriguez is a business development officer for Treasure Valley Factors. He helps real estate appraisers understand what factoring is and how it can help grow their business. He has a B.S. in Business Administration with an emphasis...

Taking Stock of the 2055 "Exterior Only" Appraisal Form

2012-01-04T14:17:18-06:00

Guest Author: Ken Shure, Certified Residential Appraiser in the Los Angeles, California area. Contact: kbshure@Yahoo.com The 2055 form issued by Fannie Mae is a common vehicle for the reporting of an appraisal. The form includes a pre-printed scope of work...

Appraisal Issues Learned in 2011 - David Towne

2012-01-01T06:27:00-06:00

GUEST AUTHOR: Dave Towne, Certified Real Estate Appraiser - Towne Appraisals. 16422 Britt Rd., Mount Vernon, WA Phone: 360.708.1196 eMail: dtowne@fidalgo.net Web: http://www.TowneAppraisals.com Appraisers…. Some things I’ve learned this past year: a- AMC’s lie. And appraisers often let them get...

FreddieMac Single-Family Updates to Appraisal Related Forms and Reconciling Multiple Opinions of Value

2011-12-31T15:16:00-06:00

Single-Family Seller/Servicer Guide (Guide) Bulletin 2011-25 announces updates to our requirements for appraisal-related forms and reconciling multiple opinions of market value. Review Freddie's Guide Bulletin to get complete details on the Guide changes outlined below. Effective April 1, 2012, the...

Appraisal Foundation's Response to NAHB's "Flawed Appraisals" Article

2011-12-30T15:34:00-06:00

We are contacting you in reference to the attached NAHB press release dated Thursday, December 8, 2011, entitled, Flawed Appraisals Killing Home Sales, Hampering Housing Recovery. As the Congressionally-authorized organization that establishes appraisal standards and appraiser qualifications in the United...

New Sponsor - Automated Valuation Technologies (AVT)

2011-12-29T11:44:51-06:00

Welcome Appraisal Scoop's newest sponsor . . . Automated Valuation Technologies (AVT). AVT operates under the belief that there is no substitute for the “Neighborhood Appraiser.” Their knowledge of the local market is unique and cannot be duplicated by remote...

Appraisal Institute Applauds NAHB "Guidelines to a Stronger and More Productive Relationship with Appraisers"

2011-12-10T14:56:19-06:00

The Appraisal Institute commends the National Association of Homebuilders for creating guidelines to foster increased cooperation and information sharing among professionals that play a key role in the home buying process. NAHB recently announced guidelines to enhance builder communication with...

NAHB says "Flawed Appraisals Killing Home Sales, Hampering Housing Recovery"

2011-12-09T08:55:59-06:00

December 8, 2011 - One out of three builders are reporting losing signed sales contracts during the preceding six months because appraisals on their homes are less than the contract sales price, according to a recent nationwide survey conducted by...