Posts Tagged appraisal regulations

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

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https://www.bloomberg.com/graphics/2018-us-land-use/

U.S. Land use map for appraisers

By Ann O'Rourke on August 2, 2018 / AMCs, appraisal business, mortgage loan volume, real estate market, statistics, USPAP, weird properties / Leave a comment

Tags: AMC, appraisal how to, appraisal management company, appraisal regulations, appraisal waivers, Fannie forms, mortgage loan volume, real estate market, state appraiser regulators, weird properties

Here’s How America Uses Its Land

Excerpt: What can be harder to decipher is how Americans use their land to create wealth. The 48 contiguous states alone are a 1.9 billion-acre jigsaw puzzle of cities, farms, forests and pastures that Americans use to feed themselves, power their economy and extract value for business and pleasure.

One of the many interesting tidbits:

The U.S. is becoming more urban-at an average rate of about 1 million additional acres a year. That’s the equivalent of adding new urban area the size of Los Angeles, Houston and Phoenix combined. U.S. urban areas have more than quadrupled since 1945.

Click here for very interesting graphics and more analysis:

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this 8-2-18 long blog post with many topics, click Read More Below!!

https://www.msn.com/en-gb/video/other/imposters-posing-as-appraiser-utility-workers-target-phoenix-neighborhood/vi-AAyz4NX

6-28-18// Newz .Appraiser Impostor Video, Unusual Motels/Hotels, Switch Off USPAP

By Ann O'Rourke on June 28, 2018 / AMCs, appraisal management company, appraisal waivers, bad appraisers, mortgage loan volume, Strange homes, unusual home, unusual homes, USPAP, weird properties / Leave a comment

Tags: AMC, appraisal regulations, appraisal waivers, mortgage loan volume, unusal homes, USPAP, weird properties

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!!

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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.

https://www.abc15.com/news/region-phoenix-metro/central-phoenix/imposters-posing-as-appraiser-utility-workers-target-phoenix-neighborhood

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

https://www.atlasobscura.com/articles/unusual-roadside-hotels-and-motels

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.

https://www.architecturaldigest.com/story/cool-public-bathroom-design

13 Very strange bathrooms for appraisers

By Ann O'Rourke on June 14, 2018 / AMCs, Appraisal Foundation, appraisal management company, appraisal waivers, Fannie, hybrid appraisals, mortgage loan volume, USPAP, weird properties / Leave a comment

Tags: AMC, Appraisal Foundation, appraisal regulations, appraisal waivers, Fannie, Hybrid appraisals, mortgage loan volume, state appraiser regulators, USPAP, weird properties

13 of the Craziest/Coolest Public Bathrooms

Just For Fun!!

Excerpt: We know, there is a lot to hate about public restrooms, but we’ve found they can actually be a very unexpected but very potent source of inspiration. We’ve never seen tile layouts like the ones in public facilities-and that’s why we like them. Overlapping squares with zigzag edges? A woven look with a whopping five different colors and two different tile sizes?

My comment: Wow! Vibrant colors and tiles….

Very unusual bathrooms for appraisers(Opens in a new browser tab)

Very Strange Appraisal Adjustments(Opens in a new browser tab)

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this 6-14-20 long blog post with many topics, click Read More Below!!

https://georgedell.com/can-appraisal-profession-saved/

Can the Appraisal Profession be Saved?

By Ann O'Rourke on March 22, 2018 / adjustments, appraisal how to, future, lender appraisals, mortgage loan volume, real estate market, Strange homes, unusual home, unusual homes, weird homes / Leave a comment

Tags: appraisal how to, appraisal regulations, appraisal waivers, future, lenders, mortgage loan volume, real estate market, strange house, unusal homes, weird properties

Can the Appraisal Profession be Saved?

By George Dell, MAI, SRA

Excerpt: What does it mean “Can the profession be saved?” Does anyone else care except us?

The second question first. Who might care? Clients who have developed a trust for you and who are comfortable with the traditional ways of doing things. There is a group of us and of them who like doing things as always. It’s comfortable, requires little change, and is a ‘safe’ way of doing things.

But who might not care? We can break these down into two subgroups: 1) those that dislike our getting in the way of their deal; and, 2) those who genuinely want something different, more modern. For now, let’s dismiss the first group, and consider those who do want a better product, a better service.

What do you think? Post your comments!!

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on floating homes, the past, colonial homes, mortgage origination stats, Covid tips for appraisers, etc.

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https://www.realtor.com/news/trends/metros-with-most-mcmansions

Where Are the Most Mcmansions for Higher Appraisal Fees

By Ann O'Rourke on February 22, 2018 / appraisal business, appraisal how to, Appraisal Standards Board, bad appraisers, desktop appraisals, evaluations, hybrid appraisals, mortgage loan volume, real estate market, unusual home, unusual homes, weird homes / Leave a comment

Tags: appraisal business, appraisal regulations, Appraisal Standards Board, Bad appraiser, Hybrid appraisals, mortgage loan volume, strange house, unusal homes

Who Ordered All the McMansions? 10 Cities Where They’re Piled Highest

Excerpt: You know them when you see them.

The imposing, ostentatious structures looming over surprisingly wee plots of land. The crazily mismatched architectural styles. The hipped roofs, gabled roofs, and pyramidal roofs-all on the same house! The bank columns. The front yard Romanesque fountains. The puzzling profusion of window sizes and types. The gigantic, two-story front doors.

Click here for more info and where there are lots of them:

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on fraudulent appraisals, horror story house, mortgage origination stats, Covid tips for appraisers, etc.

https://georgedell.com/magical-appraiser-wand/

Do Appraisers Need Magical Adjustments?

By Ann O'Rourke on February 15, 2018 / adjustments, appraisal how to, appraisal waivers, evaluations, Fannie, Mortgage applications, mortgage loan volume, rental market, unusual homes / Leave a comment

Tags: adjustments, appraisal how to, appraisal regulations, cost, forecast, mortgage loan volume, real estate market, unusal homes

The Magical Appraiser Wand

By George Dell

Excerpt: Can you just give me some magical software which will calculate my adjustments?

I get asked questions like this often. Can you just show me how to do a graph a client wants? Can you just give me your class stuff so I don’t have to come all that way? So often, the question degrades into something like “Why does the regression software give stupid answers?” I pushed the magic button!

People do not like the answer. You’re paid to do an analysis, not wave a magic wand, or push a magical appraisal button. We have another name for that, it’s called an AVM. In addition to a point value prediction, AVMs can be tested for reliability. This is called the FSD (Forecast Standard Deviation). The AVM. It gets results. It’s fast. It’s cheap. And it provides a measure of reliability – the FSD.

Why would a client want something slower and more expensive with no measure of reliability? Why hire a pesky appraiser?

Click here for the answer!!

10-20 UPDATE: For lots of Covid analysis and news, go to my new covidscienceblog.com

Covid-19 Residential Appraisers Tips on Staying Safe

COVID Risk When Appraising Apartments and Commercial Properties

Covid-19 Residential Appraisers Tips on Staying Safe

Covid Airborne Transmission Inside Homes

How to reduce Covid airborne transmission risk

Physical distancing – 3 ft. vs. 6 ft. vs. 13 ft. vs. ??? – new research

ADD LINKS FOR HUMOR AND BIZ TIPS

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on , mortgage origination stats, Covid tips for appraisers, etc.

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on waivers, air bnb , mortgage origination stats, Covid tips for appraisers, etc.

https://www.realtor.com/advice/sell/small-home-flaws-that-can-be-big-deals-for-buyers

7 “Small”Home Problems – Appraisal Adjustments?

By Ann O'Rourke on February 8, 2018 / appraisal business, Appraisal Qualifications Board, marketing, Mortgage applications, unusual home, unusual homes, weird homes / Leave a comment

Tags: appraisal business, Appraisal Qualifications Board, appraisal regulations, marketing, mortgage loan volume, real estate market, strange house, unusal homes, weird properties

7 Small Home Flaws That Can Be Big Deals for Buyers

Excerpt: Here are a few:

2. Ripped window screens

3. The location of your laundry room.

4. Sticky door locks. Live in a house long enough, and you’ll encounter a malfunctioning door latch or lock. That may be no big deal to you, but it may alarm buyers big-time.

5. Your bathtub or shower. Some people prefer showers, others want baths (particularly parents who must clean up small kids). So if you’re missing one or the other, watch out.

Interesting and worth reading at:

My comment: Any adjustments for these?? ;> It may help explain why some homes sell and some don’t or sell low. In my area, almost all listings are fixed up and staged. I will never forget selling my house in 2008. I fixed all the stuff that had been bad for years. I did not want to sell it!!!

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on waterfront home, independent contractors,, mortgage origination stats, Covid tips for appraisers, etc.

Appraisers – How to Get Into Trouble

By Ann O'Rourke on February 1, 2018 / commercial appraisal, Fannie, hybrid appraisals, zillow / Leave a comment

Tags: appraisal regulations, Bad appraiser, Fannie, Hybrid appraisals, zillow

2 GREAT ways to get into trouble. Tales From Barry Bates

If you really WANT to get in trouble here are 2 ways to do it, (eventually) guaranteed to succeed.

Advertise your uniqueness!

More important than earning a living, providing support for your family or serving the general public is to let the world know who you really are!

When meeting a homeowner or commercial building owner for the first time, take a few minutes to explain your facial tattoos, your exotic mode of medieval dress and your political positions as shown by the 188 bumper stickers on your car. Some straights are freaked out by creativity, so it’s worth taking the time to

calm them down.

Pump that value!
It’s a “win win” for everyone! I mean, you’d think so, right? What refi borrower complains about a high appraisal? The lender sure won’t complain. Even in appraising for a loan to purchase, it will flatter the owner and facilitate the borrower’s deal, right?

To read the full Barry Bates blog post and interesting images plus add your comments, click here.

Covid-19 Residential Appraisers Tips on Staying Safe

For Covid Updates, go to my Covid Science blog at covidscienceblog.com

Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

To read more of this long blog post with many topics, click Read More Below!!

NOTE: Please scroll down to read the other topics in this long blog post on Zillow sued, hybrid appraisals, mortgage origination stats, Covid tips for appraisers, etc.

What Causes Appraisal Revisions?

By Ann O'Rourke on January 18, 2018 / AMCs, appraisal business, Appraisal fees, appraisal how to, appraisal management company, hybrid appraisals, Mortgage applications, mortgage loan volume, USPAP / Leave a comment

Tags: AMC, appraisal business, appraisal fees, appraisal how to, appraisal management company, appraisal regulations, Hybrid appraisals, mortgage loan volume, USPAP

Most Common Errors and Requests For Appraisal Revisions

Excerpt: Over the years, as the Chief Appraiser for a national Appraisal Management Company (AMC), my team has seen many unique appraisal assignments and experienced many interesting requests for revisions. Of course, we’ve seen our fair share of requests to provide an additional supporting comp or two, or to address how the subject’s opinion of value that is over/under the indicated Predominant Value of the Neighborhood impacts value, too.

While we see those common requests for revision regularly, the most common requests for revision, are of the much simpler or generic variety. Additionally, those requests seem to be easily avoidable with just a little more patience by the client in the ordering process and from the Appraiser in their own report production and QC processes. Here is a list of our “Top 5” revision request items that we see on a regular basis:

1. Correct the spelling of the borrower and/or seller’s name.

Note: This error revision runs at a 50:50 pace. Half the time the error was initiated on the customer’s part when they placed the order while the other half is an Appraiser input error.

Read 4 more common requests plus almost 30 comments (somewhat controversial article) at:

https://www.appraisalbuzz.com/common-errors-requests-appraisal-revisions

My comment: I have to carefully check names on every one of my non-lender appraisals. For unknown reason I have typos on names. People don’t like it when their names are misspelled ;>

Lender and AMC revision requests(Opens in a new browser tab)