Appraisal News, 92656

Pennsylvania Gov. Tom Corbett signs AMC legislation

2/4/2012 10:12 AM

Originally posted by Kim Shindle On February 3, 2012 @ 6:00 am In Association News,Government Affairs- http://www.PARJustListed.com Appraisal management companies will now be regulated in Pennsylvania, thanks to legislation signed by Gov. Tom Corbett on Thursday. House Bill 398 [1]...

Appraisal and AMC Fees Separated on Revised Settlement Forms

2/4/2012 10:12 AM

The Consumer Financial Protection Bureau released the second proposed version of a new Consumer Disclosure Form Feb. 1 that includes clear disclosure of any fee paid to a “Local Appraisal Company” and to an “Appraisal Management Company.” The Appraisal Institute...

The 1004D - Appraisal Update and/or Completion Report - Uses and Misuses

2/4/2012 10:12 AM

Guest Author: Ken Shure, Certified Residential Appraiser in the Los Angeles, California area. Contact: kbshure@Yahoo.com The 1004D form issued by Fannie Mae has two distinct sections. The first section is utilized to produce a summary appraisal report associated with a...

American Guild of Appraisers Files Request with Federal Reserve Board Seeking Documents Related to Regulations on Customary and Reasonable Compensation of Fee Appraisers

2/4/2012 10:12 AM

WASHINGTON, Jan. 23, 2012 /PRNewswire-USNewswire/ -- On behalf of the American Guild of Appraisers, today the law firm Garvey Schubert Barer filed a request with the Federal Reserve Board under the Freedom of Information Act seeking a wide variety of...

GAO Recommendation: Appraisal Subcommittee Needs to Improve Monitoring Procedures

2/4/2012 10:12 AM

Why GAO Did This Study Real estate appraisals have come under increased scrutiny in the wake of the recent mortgage crisis. Title XI of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 created an oversight structure for appraisals...

Appraiser Joan Trice Authors New NAHB Primer Aimed at Helping Builders Work More Effectively With Appraisers

2/4/2012 10:12 AM

With builders around the nation continuing to grapple with faulty appraisals that jeopardize sales of their new homes, NAHB is adding an “Appraisal Primer” to its collection of resources aimed at helping association members strive for the best possible outcome...

Land Valuation: Extraction Has No Traction

2/4/2012 10:12 AM

ARTICLE SOURCE: Vol. 4, Issue 1, January 2012 of the Illinois Appraiser newsletter from the Illinois Department of Financial and Professional Regulation. “Land values were based upon the extraction method.” Look familiar? If I had a nickel for every phoned‐in...

Geek's Corner: Magic Plan App Can Create Floor Plans By Photographing Corners of a Room

2/4/2012 10:12 AM

I learned of of the MagicPlan App from the Photography For Real Estate (PFRE) blog. According to PFRE: "The app is free for download. The final floor plan is free for non-commercial use (includes a watermark) and $1.10 USD for...

"Factoring" Accounts Receivable, or . . . .Where's My Money?!

2/4/2012 10:12 AM

GUEST AUTHOR: Ramir Rodriguez is a business development officer for Treasure Valley Factors. He helps real estate appraisers understand what factoring is and how it can help grow their business. He has a B.S. in Business Administration with an emphasis...

Taking Stock of the 2055 "Exterior Only" Appraisal Form

2/4/2012 10:12 AM

Guest Author: Ken Shure, Certified Residential Appraiser in the Los Angeles, California area. Contact: kbshure@Yahoo.com The 2055 form issued by Fannie Mae is a common vehicle for the reporting of an appraisal. The form includes a pre-printed scope of work...

OC Real Estate News:

Home closings: Are your experts well trained?

2/5/2012 3:00 AM

Membership in the Orange County Escrow Association has dropped 56% since the housing crash -- in part because there are fewer people in the business, but also because many working professionals have dropped out. Unlike real estate licenses, escrow.....Read More

Analyst: Obama housing plans will not help

2/5/2012 2:00 AM

Veteran Southern California real estate analyst G.U. Krueger adds his commentary on the housing market to this blog in a spot we call "Thursday Morning Quarterback." Here's his latest installment. ...The Obama administration announced two new so.....Read More

Does O.C. have foreclosures shortage?

2/5/2012 2:00 AM

Could it be that instead of a foreclosure "shadow" -- there's actually a foreclosure "shortage" in Orange County?We're not talking about the loss of homes to lenders rather shoppers' curious desire for these properties once they're repossessed by.....Read More

Home prices up in 24 ZIPs! Yours?

2/4/2012 12:00 PM

Slice Price Ch. Sold Ch. House $449,500 -2% 1,500 -6% Condo $259,500 -6% 727 +1.0% New $591,000 +23% 150 -21% All OC $400,000 -1% 2,377 -5% For the 22 business days ending Jan. 19 -- DataQuick's freshest stats -- the Orange County real.....Read More

O.C. home sales drop 5.4%

2/4/2012 10:57 AM

Slice Price Price vs. year ago Sales Sales vs. year ago Sales vs. '88-'10 avg. Houses $449,500 -2.3% 1,500 -6.5% -33.6% Condos $259,500 -6.5% 727 +1.0% -15.6% New $591,000 +22.9% 150 -21.1% -71.5% All O.C. $400,000 -1.2% 2,377 -5.4%.....Read More

Lake Forest listings: 56% distressed homes

2/4/2012 9:19 AM

Homes in Lake Forest sell faster than the countywide pace as its listings have a higher share of distressed properties than the rest of Orange County -- including O.C.'s distressed hot spot. The overall Lake Forest home market -- older parts of.....Read More

Earth movers assembled at Great Park home site

2/4/2012 3:10 AM

Construction crews began assembling massive grading machines, bulldozers and backhoes this past week at the parcel where the first Great Park homes will be built about 18 months from now -- machines so large they have to be assembled on site......Read More

52% of La Habra listings are distressed homes

2/4/2012 1:59 AM

Homebuying in La Habra sped up 21% in two weeks as half of the city's listings are distressed homes. The La Habra market for homes for sale appears energetic by one analyst's math. Every two weeks, Steve Thomas of ReportsOnHousing.com publishes a.....Read More

Garden Grove listings: Half are distressed homes

2/4/2012 12:39 AM

Homebuying in Garden Grove slowed 10% in two weeks as half of its listinsg were distressed homes. The Garden Grove market for homes for sale appears lethargic by one analyst's math. Every two weeks, Steve Thomas of ReportsOnHousing.com publishes a.....Read More

Fullerton listings: 44% are distressed homes

2/3/2012 11:37 PM

Homebuying in Fullerton sped up 16% in two weeks while nearly half its listings are distressed homes. One analysis of real estate for sale in Fullerton shows the market speedier in its last tabulation. Every two weeks, Steve Thomas of.....Read More