Appraiser Wins Judgment Against One-West Bank

Category :

Real Estate Appraiser Independence, Real Estate Appraisers

Appraiser Wins Judgment Against One-West Bank

by Isaac Peck, Associate Editor The appraiser community is still reeling from the decision of a Florida bankruptcy judge to absolve JPMorgan Chase of all liability in the case of Evaluation Solutions/ES Appraisal Services (ESA) bankruptcy case. Over 10,000 real estate appraisers and agent/brokers were left unpaid by… Read More

How to Find Success in Today’s Tough Market

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Real Estate Appraiser Marketing, Real Estate Appraisers

How to Find Success in Today’s Tough Market

by Roy Meyer Imagine your appraisal business built primarily around non-lender work and continuing to grow every night while you sleep. Imagine having a dedicated team committed to the success of your appraisal business and taking extended vacations while your business doesn't skip a beat. Imagine…you fill in… Read More

“Low Bid” Appraisal Ordering and Its Effect on Quality

Category :

Real Estate Appraiser Fees, Real Estate Appraiser Independence, Real Estate Appraisers

“Low Bid” Appraisal Ordering and Its Effect on Quality

by Isaac Peck, Associate Editor Any appraiser who has worked with Appraisal Management Companies (AMCs) is likely familiar with the “order by email-blast” system that some AMCs rely on to fill orders. The process goes like this: an AMC sends an email blast to all appraisers within a… Read More

Appraiser Independence Survey Results

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Real Estate Appraiser Independence, Real Estate Appraisers

Appraiser Independence Survey Results

by David Brauner, Editor We hear a lot of appraisers complain that illegal influence continues today despite new federal and state regulations designed to remove it from the process. This survey hopes to shine light on what some of you are experiencing. The results are mixed. Over 1,000 appraisers participated in the survey;… Read More

Real Estate Appraiser E&O Insurance

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Real Estate Appraiser Liability - Insurance, Real Estate Appraisers

Real Estate Appraiser Insurance OREP Insurance Services is a leading provider of Appraisers Errors & Omissions Insurance for real estate appraisers. In addition to the lowest rates and broadest coverage, that is customized for real estate appraisers to fit their individual appraising needs, OREP provides timely information to help appraisers limit their liability and increase… Read More

Appraisers – Ex-Chief Appraiser Sues Stearns Lending

Appraisers, Appraiser News, Appraiser Magazine

A recent lawsuit filed against Stearns Lending and its AMC, Trimavin, by the AMC’s former Chief Appraiser, Katherine A. Scheri, alleges that many of the practices that led to the extensive regulation of the appraisal industry are alive and well at one AMC/lender at least. Read More

How to Report Building Areas Accurately

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Premium Content, Real Estate Appraiser Training - Education, Real Estate Appraisers

Editor’s Note: At OREP, we see that incorrect measurements are the cause of many E&O claims. Here are some tips on staying out of trouble. How to Report Building Areas Accurately (and avoid measurement mistakes) by Mark S. Langhamer As appraisers and review appraisers, some of us have seen fellow appraisers relying on building area...… Read More

New Opportunity to Go Green

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Didn't Make It to Print, Real Estate Appraiser Marketing, Real Estate Appraisers

Alternately, you can envision this hard time as an opportunity to position yourself with a slightly modified appraisal practice in the near future. Read More

Proving Appraisal Adjustments

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Didn't Make It to Print, Real Estate Appraiser Training - Education, Real Estate Appraisers

Proving Appraisal Adjustments By Beverly A Bayer, SRA – Mvappraiser@yahoo.com When I began appraising, I asked my mentor what adjustments to use- he said, “Figure it out for yourself.” So I did. Here’s what I learned. When my mentor left the office, I studied his appraisals and began using his adjustments. Many years later, I… Read More

Cost Segregation Studies – Background

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Didn't Make It to Print, Real Estate Appraiser Marketing, Real Estate Appraiser Training - Education, Real Estate Appraisers

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