Tag Archives: Appraisal

Do You Hear the Rumble?

” Can you hear that? Do your hear the rumble? It’s a train going 80 mph toward a 25 mph curve”  There is an excellent article by Richard Hagar,SRA that hit everyone’s email this morning from Working RE Magazine. The title of the article is  Why “Bifurcation” Won’t Work. This is an excellent read and… Read More »

Call to Action Now!

This is a CALL TO ACTION .  Please listen to Phil Crawford’s Voice of Appraisal Show released this morning. He has put out a call to action to every appraiser to write a letter of recommendation for VaCAP President Pat Turner to be appointed to the Appraisal Standards Board. Send your emails /letters of recommendations… Read More »

The Other Side of Things

Appraisal Buzz published an article written by Joshua Walit on July 31, 2019 titled Nothing New Under the Sun: The Varied Face of Appraisal. The article brings up some good points, however; it does not take into account the reality of the market and the control of the lenders and appraisal management companies in the… Read More »

What’s Your Worth?

  A recent email circulated among appraisers from a large national appraisal management company stating recent market research of appraisal fees had been conducted and our fees will be changing. The email indicated that some fees increased and some decreased.   The email also gave instructions on placing your fee into their system and they will… Read More »

Why is this Important?

The next Virginia Real Estate Appraisal Board Meeting will be held on July 30th, 2019 @ 10:00 AM. This meeting will be a historic meeting as the board will be discussing the proposed hybrid appraisal guidance document and the corresponding 153 public comments. Also on the agenda, CoesterVMS is listed under the disciplinary cases! Why… Read More »

Questions Will be Asked….

  HB 3619 has been referred to the House Financial Services Committee VaCAP has learned over the weekend that HB 3619 has been introduced in the US House of Representatives. HB 3619, Short titled “Appraisal Reform Act of 2019”  amends the Financial Institutions Reform, Recovery and Enforcement Act. The main change to  FIRREA  deals with… Read More »

Bounced Checks

VaCAP has learned that another AMC might be having financial difficulties. There are conversations currently taking place in two appraiser groups on Facebook. The discussions are in 100% Real Estate Appraisers and Appraisal Client Search and revolve around a bounced check from an appraisal management company.  The comments are varied and some are stating they… Read More »

Freedoms

Most Americans associate July 4th with fireworks, barbecues and vacations.  Sure, we all know July 4th is about freedom and independence, but is that the first thing that comes to mind when someone says July 4th?  Since the Declaration of Independence was signed 243 years ago, the United States has grown, not only in population,… Read More »

Breaking News: Moratorium Requested

VaCAP has learned the US House Financial Services Committee has concerns over  Cryptocurrency and has requested a moratorium of Facebook until regulators and Congress have an opportunity to examine the issues and take action to protect consumers. “Because Facebook is already in the hands of over a quarter of the world’s population, it is imperative… Read More »

VaCAP Submits Opposition Comment on the North Dakota Waiver Request

The Virginia Coalition of Appraiser Professionals has submitted an official comment to the ASC opposing the State wide appraisal waiver request in North Dakota.  VaCAP has submitted a public comment expressing concerns over the much larger consequences in allowing such a request.  A blanket waiver of appraisals up to $500,000 for a 5 year period… Read More »