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And Why Is the Second Appraisal Always the “Correct Value?”

Appraiserblogs

On Friday morning, May 19, I was one of five expert witnesses (and the only as an appraiser) to testify on the topic of appraisal bias in front of the Appraisal Subcommittee (ASC). Related Posts: AMC Fee Impact on Appraisal Fee While the borrower was charged $695 for the appraisal, the appraiser was only paid $301.

Appraisal 117
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Recap of the 4th ASC Appraisal Bias Hearing

Appraiserblogs

On February 13th, 2024, the fourth ASC appraisal bias hearing took place. The hearing was a crucial event for the appraisal industry, and it is important for all appraisers to be aware of the discussions and topics addressed. The panel of witnesses included: David Bunton, President, The Appraisal Foundation E.C.

Appraisal 131
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Things To Remember About Tax Appeals

Cleveland Appraisal Blog

That’s why my tax appeal work often picks this time of the year. It should be no surprise that assessed home and land values are increasing. Property values have been increasing in many areas for years, with 2020 being a record year for home appreciation in many neighborhoods. POOR CONDITION.

Appraisal 217
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What’s Your View?

Cleveland Appraisal Blog

And, of course, we appraisers have our views of what a home is worth. . Let’s talk about some possible reasons why. Those experiences build emotional value in the home. When one appears, you can be sure that images of one will appear on social media, as people share their beauty with others. How do rainbows work?

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Skepticism Can Lead to Poor Decisions

Cleveland Appraisal Blog

If you’re an appraiser, like I am, the nature of our work can at times cause us to become skeptical. But, it happens enough that it can create a little skepticism in the minds of an appraiser. In this article, I am going to focus on the dangers that skepticism can have on an appraiser’s thinking.

Appraisal 221
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Cybersecurity Concerns Appraisers Should Know

Appraisal Buzz

This includes sectors like home appraisals, which might not put a lot of focus on cybersecurity. What cybersecurity concerns should home appraisers be aware of? The dollar value of these purchases makes them attractive targets for thieves and fraudsters. Why is this such a big deal for appraisals?

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BREAKING The New York State AMC Law Is Now In Effect

Miller Samuel

The bill summary was: Relates to the registration of real estate appraisal management companies or an individual or business entity that provides appraisal management services to creditors or to secondary mortgage market participants including affiliates by the department of state. inferring this law was flimsy and easily overturnable.

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