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Posts Tagged ‘Real estate appraisals’

October 18, 2011 The Appraisal Foundation Releases the 2012-2013 Edition of USPAP

The Appraisal Foundation, a congressionally authorized non-profit organization dedicated to the advancement of professional valuation, announced that it has released the 2012-2013 edition of the Uniform Standards of Professional Appraisal Practice (USPAP). USPAP is the generally accepted standards of practice for the appraisal profession in the United States. The 2012-2013 edition of USPAP is valid for [...]

May 24, 2011 Getting Ready for a Machinery and Equipment Appraisal

If you are planning on getting an appraisal for your assets, whether it’s because you are selling individual pieces or your business, or need to know the insurable value, there are a few steps you should take to make sure that the process goes smoothly. Get Organized – Make a list of all the equipment [...]

March 22, 2011 Legislation Filed to Increase Credit Unions’ Lending to Small Businesses

Earlier this month, Senator Mark Udall (D-Col) filed legislation to increase the amount of assets credit unions – non-profit banking providers – could lend to businesses. Currently, credit unions are only allowed to lend 12.25% of their assets to businesses. Udall’s legislation calls for that amount to be increased to 25%. According to a statement [...]

October 14, 2010 Small Business Owners and Planning for Retirement

In today’s New York Times online blog, You’re the Boss, there is a thought-provoking post “Are You Sure You Don’t Want to Retire?” that discusses the plight of older small business owners who are being forced to consider whether or not retirement will be in their future. The author, Barbara Taylor, discusses a recent Gallup [...]

June 1, 2010 An Update on HVCC

The Home Valuation Code of Conduct (HVCC), about which we’ve written several blogs, was enacted to provide better, more honest real estate appraisals. To say that the HVCC was and is controversial is a massive understatement, and most real estate appraisers have been counting down the days until November 1, 2010, when the HVCC agreement [...]

May 20, 2010 Be Sure to Use a Reputable Appraiser

An article in the May 19 edition of The Champion tells an important cautionary tale about a Georgia-based real estate appraiser who was sentenced to almost three years in federal prison for his part in a real estate appraisal scam. According to the article, Edward Farley, the so-called ringleader in the scam, caused $23 million [...]

May 6, 2010 Appraisers Seeking Resources to Determine the Value of Green Buildings

Real estate appraisers are struggling to determine the value of green building construction because the market is still in its infancy; there is lack of comparable property data and other market information. The current real estate market poses difficulties for any new construction appraisal, and the nascent green building construction market is exceedingly more difficult [...]

November 19, 2009 Working with HVCC Regulations

A recent article in Banker & Tradesman suggests that consumer confidence in the real estate market is coming back. Coming out of the 2009 Realtors Conference & Expo in San Diego, the article indicates that in spite of the decline of the market, buyers are still looking for vacation and recreational properties. Industry experts, however, [...]

March 31, 2009 Present Value LLC and the upcoming HVCC changes

Earlier this month, we wrote about the Home Valuation Code of Conduct (HVCC) changes that will go into effect on May 1 of this year. You can read the full post here. Essentially, the changes state that lenders seeking a conventional appraisal, as opposed to an FHA appraisal, will be required to find an appraiser [...]

March 10, 2009 Upcoming HVCC Changes

The Home Valuation Code of Conduct (HVCC) dictates rules regarding the interaction between appraisers and the lending industry. A copy of the full HVCC can be found here. On May 1, 2009, changes to the HVCC will go into effect. The changes state that rather than going to an appraiser directly, lenders must order a real [...]