Real Estate Appraisers

Industry News

Industry News   Scope Creep Relief Here is Addendum Language shared by appraiser Laurie Richards. MODIFICATIONS TO A SUBMITTED ORIGINAL REPORT: The client or lender must submit in writing (e-mail is preferred) any request for additional information or modification to the appraiser. This information will be retained in the appraiser’s workfile. The appraiser recognizes that… Read More

Readers Respond

Readers Respond   Interview: Appraiser Who Brought Down Countrywide Thank you, Mr. Lagow, for having the courage to speak up to help society. Your efforts were NOT in vain. Although mortgage work is tempting and easy at times, these type of situations force us (appraisers) to look at who we are and what is important.… Read More

From the Publisher

Like being in the middle of a paintball free-for-all, messy things are coming at appraisers from all sides these days. In addition to lenders trying to pin buybacks on the backs of appraisers (while seeming to ignore the wild-west underwriting practices that floated the bubble), State Boards also are bringing complaints against appraisers in… Read More

Cost Segregation Studies – Background

Events Leading to the Use of the Cost Segregation Study by Guy P. Reese, MAI and Kevin Cavasos, CMI Component depreciation in various forms was permitted by IRS for measuring depreciation until the establishment of the Modified Accelerated Cost Recovery System (MACRS) by the Tax Reform Act of 1986. Under MACRS, assets are grouped into… Read More

AMC-Desktop Product: USPAP Compliant?

Editor’s Note: A desktop appraisal product introduced last month is the subject of concern among many Working RE readers and OREP.org members. Below is guidance issued by the North Carolina Appraisal Board. AMC-Desktop Product: USPAP Compliant? By David Brauner, Editor A new desktop product from a large, national appraisal management company (AMC) is drawing questions...… Read More