Appraisal Matters

Well, I never thought that mass picture taking was a profitable model.  I went to their presentations and did not “buy” any territories.  There is no profit model especially since real estate gets changed, knocked down, etc.  Here is the press release.  Although they don’t say they are closing their doors exactly, it certainly appears [...]

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I have been amazed by the FNC company since I sat, many years ago, in a “session” where they were selling their ideas of a totally linked appraisal world.  They were assuring us that their goal was to protect the appraiser and make us all a lot of money.  Since the lenders have the money, [...]

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The Fed’s Beige Book has some dismal information.  In our back yard (VA,DC,MD) things were stable, but we are starting to see a slip again since no one is loaning on new projects.  This is stagnating the commercial real estate market.
An excerpt on our home region:
5th District: Maryland, Virginia, North Carolina, South Carolina, southern West [...]

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In my continuing obsession with appraisal/lending issues given the bank shakeouts that will occur over the next 12-18 months, here’s an email conversation with IndyMac on an appraisal assignment occurred in late May with my appraisal firm Miller Samuel.
The report was ordered with a specific inspection date needed. Up until then, our turn time was [...]

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You’ve got to read this article.  http://www.financialweek.com/apps/pbcs.dll/article?AID=/20080714/REG/436047405
Eileen Simpson
True??? For appraisers it would be great for business but I hope this does not happen for the Country.  Should we be surprised?  Appraisers saw this coming at least 18 months ago, if not longer

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