Features

Attack of the Drones

Drones Doing Appraisal Inspections? “Yes Ma’am, that is correct. Next Tuesday at 9:30 AM. Our drone will be at your door at that time to do the visual inspection. Typically, it will fly around the exterior of the home first to measure and take photos. After it is done, the drone will need access to fly through each of the …

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Rabble Rousing

I was at an industry sponsored Holiday luncheon the other day. A member of our State Appraiser Coalition was giving us an update on the petition that was distributed and delivered to Fannie Mae regarding Collateral Underwriter. To paraphrase, our coalition member said: Fannie Mae called because the Illinois Appraisers are Rabble Rousing again. The Uniform Standards of Professional Appraisal …

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All I Want For Christmas

Here is what I want for Christmas. I want to hear from you. The recent article in Wall Street Journal quoted the National Appraiser Survey that is still underway. If you don’t think your voice gets heard, it does if you respond to the survey the Appraisal Buzz conducts every year. That particular article spawned a whole lot of additional …

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Dodgy Home Appraisals Make a Comeback

This article was originally run in the Wall Street Journal. Make sure to read the story and watch the special interview with the author AnnaMaria AndriotisHERE. Industry Executives See Parallels With Pre-Crisis Valuations; Regulators Are Wary Home appraisers are inflating the values of some properties they assess, often at the behest of loan officers and real-estate agents, in what industry …

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Highest and Best Use is More Than Just a Check Box

As review appraisers, one of the issues that we see all the time is the failure to analyze highest and best use for a market value opinion related to mortgage lending appraisals. This makes sense to a large degree, because many appraisers believe that providing the “yes” answer relieves them of further analysis and communication. We wanted to address this …

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Southern Exposure

As many in the appraisal industry know The Appraisal Standards Board (ASB) has officially released the Third Exposure Draft of proposed changes to USPAP. There are several major revisions that could drastically change how you preform your appraisals. If you haven’t seen it yet you can view the document HERE. One of the major concerns to many appraisers is in …

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An Appraiser’s Thanksgiving

Today, I am grateful for a career which allows me so much freedom. I get to choose my own hours, and I have a lot of control over how busy I want to be. When my children have a piano recital, a gym practice, or a science fair in the middle of the day, I do not have to grovel …

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Who Moved My Cheese?

Twenty Seven (27) years ago “A Matched Pairs Analysis Program in Compliance with FHLBB Memorandum R41B/C” article was published in the January 1987 edition of the Appraisal Journal. The article topic: Regression modeling applicable to the direct sales comparison approach for matched pair sale analysis to comply with the FHLBB memorandum regarding communicating a self-contained analysis in an appraisal report. …

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