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Archive for September, 2010

September 30, 2010 SBA Changes to go into Effect on October 1, 2010

On October 1, 2010, changes to the Small Business Administration’s (SBA) 501 10 (c) will go into effect. These changes affect SBA loans that involve a change of ownership of fixed assets. Starting tomorrow, when these fixed assets change hands, the following will apply.  If the fixed assets are given a value other than depreciated [...]

September 28, 2010 International Valuation Standards Committee

Real estate appraisal in the United States, thanks in great part to organizations like the Appraisal Institute, is fairly well standardized. There are a few variations from state to state, but generally speaking, an appraiser in Maine will follow the same rules and live up to the same ethical standards as an appraiser in California. [...]

September 23, 2010 Who Needs a Certified Machinery and Equipment Appraisal? Part 2

We have discussed in numerous posts reasons why you should always rely on a certified machinery and equipment appraiser (CMEA). To reduce your risk of liability, you should be sure that the appraisal is conducted by a certified professional. CMEAs meet all government training requirements, and will provide appraisal reports that are USPAP compliant and [...]

September 21, 2010 Who Needs a Certified Machinery and Equipment Appraisal? Part 1

We have discussed in numerous posts reasons why you should always rely on a certified machinery and equipment appraiser (CMEA). To reduce your risk of liability, you should be sure that the appraisal is conducted by a certified professional. CMEAs meet all government training requirements, and will provide appraisal reports that are USPAP compliant and [...]

September 16, 2010 Foreclosure Fraud

If you’re a fan of our blog, you know how foreclosure can drive down property value – we’ve discussed it often over the past year. Banks want to get bad loans off their books as quickly as possible, so they auction off foreclosed homes at extremely low prices. If you are interested in selling your [...]

September 14, 2010 What You Can Do to Help Your Home Appraise Better

When it comes to the real estate market, there’s not a whole lot you can do with regard to your home’s value, especially in a down economy. As we wrote in a previous blog post, “Property Values in the Age of Foreclosures,” if a real estate appraiser is comparing your property to similar ones in [...]

September 9, 2010 Three Things to Think About When Engaging a Machinery and Equipment Appraiser

An error in a machinery and equipment appraisal can be costly. You should have confidence that the appraisal values are accurate and are backed by evidence to support the fair market value, fair value, orderly liquidation value, or forced liquidation value. These three factors can help ensure that your machinery and equipment appraisal report will [...]

September 7, 2010 Online Auctions for Homes

Wayne County, in Michigan, has a lot of tax-foreclosed properties – more than can be efficiently sold in traditional auctions. As a result, the county decided to sell the properties in an online auction. We’ve discussed in the past the benefits of selling machinery and equipment in an online auction; selling homes in an online [...]

September 2, 2010 Appraisal Institute Releases FAQ on Dodd-Frank Financial Reform Law

The Appraisal Institute, the country’s largest professional organization of real estate appraisers, has released a FAQ regarding information found in the Dodd-Frank Wall Street Reform and Consumer Protection Act. This list of frequently asked questions addresses the enforcement of customary and reasonable fee provisions, and forthcoming procedures for creating new rules. The FAQ clarifies that [...]