Appraiser Imposter Captured on Video!!!

Click here to see the video of the imposter and the owner’s comments. Note: You may have to wait for the ad to finish. Worth the wait!!


Imposter posing as appraiser, utility workers target Phoenix neighborhood
Excerpt: Last Wednesday, as construction workers bustled inside Huddleston’s home near 22nd Street and Glendale Avenue, a woman came to her door claiming to be an appraiser for the bank.

Huddleston said the woman told her she was there to take pictures, and had arranged the time with Kacia’s husband, Bryan.
“She knew my husband’s name, and as I was in the midst of texting my husband to see if she was supposed to be here, she walked right in,” said Huddleston.

My comment: Have you inspected the wrong house? I have definitely knocked on the wrong door, but never went inside… so far ;>

Stories of Surprising Roadside Hotels

It’s check-in time for your memories of unforgettable travel lodgings.

Just For Fun!!

Excerpt: Lots of interesting places!! Here are a few:
Red Caboose Motel Ronks, Pennsylvania
The guest rooms are actual train cabooses. Think tiny houses on rails.

The Atomic Inn Beatty, Nevada
“It was alien and bunker-themed, and was decorated with atomic bomb art.”

Wigwam Village #2 Cave City, Kentucky
Stay in a teepee.

Movie Manor
Monte Vista, Colorado
“It’s in a drive-in theater and you can watch movies from your bed.”

Click on the Motel/Hotel name for photo and more info

My comment: Back in the 60s I traveled between California and Oklahoma regularly, using Route 66, before the Interstate was completed. Lotsa strange motels!! Before motels morphed into chains that looked the same. There are still a few of these “old timers” left.


Buy This Book__

Finally a new book for residential appraisers!!

I prefer the PDF version as it is lots easier to find what you want.

Lots of very good practical info on many res topics.

I reviewed it in the July issue of the paid Appraisal Today.

2020-2021 USPAP, first draft

By Dave Towne

Comments deadline is July 15, 2018

Excerpts: With this draft, the ASB is desiring to simplify much of the document to make it easier to read and understand. There are numerous proposed edits you’ll see when you read it. They explain their rationale for the changes. This is appreciated.

… frustrated with the constant changes and revisions every two years. This is partly due to the new members who rotate onto the Appraisal Standards Board regularly. Apparently the modus operandi is to give them something to do, and make them feel important, while they serve on that panel for several years.

But to be honest, it’s frustrating to have to sit through the update classes every two years, just because the previous version “ain’t good enough”, or so it seems

Read more, plus the draft and appraisers’ comments at:

Link to the discussion draft plus comments:
My comment: I have not read the draft. Maybe someone will write about it online so I can link to it ;> Every two years requiring a class is not fun, especially if nothing much has changed. I agree with every 4 years. As it often happens with USPAP, I suspect it is About Making Money for the Appraisal Foundation.
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In the July issue of the paid Appraisal Today


Available Monday July 2, 2018
  • 2018 E&O Insurance Update – where to get E&O insurance, state board complaints, your biggest risks, etc.
  • Valuation by Comparison, 2nd Edition. Buy This Book!!
  • Tips, Trends & Takeaways: What is Happening with E&O Insurance Today  By Elaine Matternas
If these article saved you one complaint letter from your state board, it is worth the subscription price!! 

$8.25 per month, $24.75 per quarter, $89 per year (Best Buy)  
or $99 per year or $169 for two years 
Subscribers get, FREE: past 18+ months of past newsletters 
To purchase the paid Appraisal Today newsletter go to   or call 800-839-0227. 
If you are a paid subscriber and did not get the June 2018 issue, emailed Friday, June 1, 2018, please send an email to  and we will send it to you!! Or, hit the reply button. Be sure to put in a comment requesting it.


By Jonathan Miller
  • Thoughts On This Week’s OCAP (Ohio Coalition of Appraiser Professionals) Meeting Part 1 (Getting There); Thoughts On This Week’s OCAP Meeting Part 2 (States That Allow Appraisers To Switch off USPAP)
  • How AMCs Will Work Around Non-Disclosure States To Get Sales Data
  • Coester Chronicles: A True Hack
  • Don’t confuse Fannie Mae’s appraisal waivers with banks request to the ASC for APPRAISER certification waivers

 To read Appraiserville near the bottom, plus other interesting stuff on your way down the page, go to:

Where the ‘No Ending a Sentence With a Preposition’ Rule Comes From – It all goes back to 17th-century England and a fusspot named John Dryden.

Just For Fun!!

Excerpt: THERE ARE THOUSANDS OF INDIVIDUAL rules for proper grammatical use of any given language; mostly, these are created, and then taught, in order to maximize understanding and minimize confusion. But the English language prohibition against “preposition stranding”-ending a sentence with a preposition like with, at, or of-is not like this. It is a fantastically stupid rule that when followed often has the effect of mangling a sentence. And yet for hundreds of years, schoolchildren have been taught to create disastrously awkward sentences like “With whom did you go?”

The origins of this rule date back to one guy you may have heard of. Of whom you may have heard. Whatever. His name was John Dryden. Born in 1631, John Dryden was the most important figure throughout the entire Restoration period of the late 17th century.

For the full details go to:

My comment: I have always wondered about this because it seems awkward to me. Now I know ;>

The emerging trend of storage container homes (Q&A)

By Ryan Lundquist
Q&A with a Sacramento builder

Excerpt: Ryan: What type of units do you find most clients are asking for these days?
James: Our highest demand for individuals is an ADU (Accessory Dwelling Unit) that can be installed in existing backyards for in-law quarters, guest homes, or as a rental unit to capture additional income. The TAYNR models are designed to be “building blocks” offering both 20 ft. and 40 ft. multi-block models. 1, 2 & 3 bedroom units with 1 or 2 baths.
Click here for lots more info and photos:

My comment: a vacant lot very close the end of the main bridge into Alameda (excellent street visibility) had a proposal for a commercial/res storage unit development. However, too much blowback from city residents, so a more conventional development was approved. A local tire store who purchased a large steel warehouse for expansion installed storage units inside. No complaints… inside and can’t be seen ;> Have not seen any ADU proposals… don’t know if they will be approved but much more cost effective than conventional construction.

HOW TO USE THE NUMBERS BELOW. Appraisals are ordered after the loan application. These numbers tell you the future for the next few weeks. For more information on how they are compiled, go to 
Note: I publish a graph of this data every month in my paid monthly newsletter, Appraisal Today. For more information or get a FREE sample issue go to or send an email to . Or call 800-839-0227, MTW 7AM to noon, Pacific time.

Mortgage applications decreased 4.9 percent from one week earlier

WASHINGTON, D.C. (June 27, 2018) – Mortgage applications decreased 4.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 22, 2018.

The Market Composite Index, a measure of mortgage loan application volume, decreased 4.9 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 6 percent compared with the previous week. The Refinance Index decreased 4 percent from the previous week. The seasonally adjusted Purchase Index decreased 6 percent from one week earlier. The unadjusted Purchase Index decreased 7 percent compared with the previous week and was 1 percent higher than the same week one year ago.

The refinance share of mortgage activity increased to 37.6 percent of total applications from 36.8 percent the previous week. The adjustable-rate mortgage (ARM) share of activity decreased to 6.5 percent of total applications.

The FHA share of total applications increased to 10.2 percent from 10.1 percent the week prior. The VA share of total applications increased to 10.7 percent from 10.2 percent the week prior. The USDA share of total applications increased to 0.8 percent from 0.7 percent the week prior.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($453,100 or less) increased to 4.84 percent from 4.83 percent, with points decreasing to 0.42 from 0.48 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The effective rate decreased from last week.

The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $453,100) decreased to 4.70 percent from 4.79 percent, with points decreasing to 0.26 from 0.36 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 4.81 percent from 4.82 percent, with points decreasing to 0.69 from 0.84 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 15-year fixed-rate mortgages increased to 4.29 percent from 4.27 percent, with points decreasing to 0.40 from 0.53 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The average contract interest rate for 5/1 ARMs decreased to 4.01 percent from 4.06 percent, with points decreasing to 0.41 from 0.54 (including the origination fee) for 80 percent LTV loans. The effective rate decreased from last week.

The survey covers over 75 percent of all U.S. retail residential mortgage applications, and has been conducted weekly since 1990. Respondents include mortgage bankers, commercial banks and thrifts. Base period and value for all indexes is March 16, 1990=100.

Ann O’Rourke, MAI, SRA, MBA
Appraiser and Publisher Appraisal Today
2033 Clement Ave. Suite 105
Alameda, CA 94501 Phone 510-865-8041
Fax 510-523-1138

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