Less than a year ago on November 20, 2017 a letter was addressed to the Appraisal Standards Board.  It stated, “Please consider this letter as TriStar Bank’s official request to receive a one-year waiver of the appraisal regulation’s requirements to utilize a certified appraiser…”  At first blush, you might think this is a “not so very bright” idea, but let’s …

“Insufficient data is available in this market to determine price trends, therefore no time adjustments were applied.” This is a quote extracted from an appraisal that I was reviewing. It was a small duplex built in the 60’s and the market grid included every duplex purchased in the entire city for the past 6 years. That’s right. All 3 of them. I don’t …