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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

The FHFA’s engagement of industry stakeholders signifies a critical inflection point for appraisal transformation. For example, appraisal turn time has swelled 65% from 2018, according to recent data published by Freddie Mac. Appraisal costs have also soared 24% since 2016, according to the Freddie Mac data. Appraiser shortage.

Appraisal 313
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What It Takes to Be An Expert Appraisal Witness in An Eminent Domain Case

Cleveland Appraisal Blog

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

Appraisal 309
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Epic Fail: The Appraisal Institute IRS 990s Show They Needs To Do A 180

Miller Samuel

The next board meeting is coming up tomorrow and Friday, and it is a seminal moment for the Appraisal Institute. Your role as a member of the board of directors is critical to the Appraisal Institute's future. Current CEO Jim Amorin was made president (for the second time) in 2017. Here is my favorite chart of the presentation.

Appraisal 259
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Appraisers Are Sitting Ducks to Random Legislation

Appraiserblogs

Bill A5185 and AMC Bill A5146 introduced to the state legislature in New Jersey show just how much state legislators don’t understand the appraisal profession. Valuation Legal warned us about this back in December: Appraiser and AMC Laws to Include Prohibitions Against Discrimination. From Bill A5185: 2. 45:14F-1 et seq.)

Appraisal 114
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NEXA’s Grella sues Kortas over “secret, unauthorized” aircraft-related purchases

Housing Wire

Then, through his legal counsel, Kortas “asserted that the aviation business is a legitimate business of Nexa and “Grella had consented to some aviation related purchases.” According to Kortas, the buyout depends on NEXA’s appraisal. However, he remains a partner until the conclusion of a buyout negotiation.

Brokerage 332
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CFPB investigating Rocket Homes for illegal kickbacks

Housing Wire

” “A simple search of his name reveals a history of Shkipin imploring the government to consider legal action against large companies including Amazon, Uber, Lyft, Redfin, Opendoor and others to the benefit of his fledgling startup,” read the statement.

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Must-Read Tips to Appraise, Buy, and Sell Special Purpose Property [2021]

The Robert Weiler Company

But for commercial real estate developers, brokerage firms, and appraisers, there’s another story hiding in plain sight. Legally speaking, a special purpose property definition can be illustrated as any property that has limited use or marketability in addition to features intended for singular use. What Is It Anyway?

Appraisal 158