Tag Archives: HUD

Appraisal Organizations Step Up

Over the past week or so, Presidential Candidate Joe Biden publicly called for more regulation and oversight over appraisers to combat racial bias.  He specifically cited the Brookings Institute Study ” The Devaluation of Assets in Black Neighborhoods, The Case of Residential Property”  If you are unfamiliar with this study, in a nutshell, the findings… Read More »

Great News to Share

Last week we shared with you Congresswoman Maxine Waters and  Congressman William Lacy Clay requested a formal study/investigation into Title XI (FIRREA) and the recent dilution of its intent by the Federal Agencies. VaCAP has learned GAO has agreed to complete the study. The Network of State Coalitions has sent the following to their state… Read More »

Hybrids and the State Appraisal Board

Some are for and some are opposed. It is a business decision on which types of assignments you choose to accept.  If you choose to complete a hybrid or bifurcated appraisal, you need to pay attention and ask yourself a few questions.  Is the fee I am receiving for completing this assignment reasonable for the … Read More »

What Are We?

2019 is winding down with just a few days remaining.  As we reflect on the past, the changes we have seen and the growth we have endured, our hearts are warmed with the accomplishments we have obtained. Appraisers are no longer sitting back and letting others dictate our future. Have we won every battle, no;… Read More »

New Legal Action Against an Appraisal Board

  The Louisiana Real Estate Appraiser Board has been hit with another legal battle. This time, imortgage, operating under the name Single Source has filed suit against the Louisiana Real Estate Appraisal Board claiming a violation of antitrust laws. This suit mirrors that of the FTC, which is currently paused by the Fifth Circuit Court.… Read More »

Giving to VaCAP

For the past several years, VaCAP, a non profit organization, has participated in the Giving Tuesday Campaign.  If you are unfamiliar with this movement, it is the Tuesday after Thanksgiving which is dedicated to giving to non profit organizations. VaCAP is appreciative of all the donations received throughout the year and to those who have… Read More »

Hybrid Appraisal = $2,500 Fine to Appraiser

If you still believe a hybrid or bifurcated appraisal is USAP compliant, you may want to take a look at the article and disciplinary action posted on AppriasersBlogs today.  An appraiser who completed a hybrid appraisal was fined $2,500 by the Georgia Real Estate Appraisal Board for 23 violations. Yes you read that correctly, 23… Read More »

Veterans Administration on Hybrid Appraisals

..… the person providing property information  to the appraiser must have entered into an agreement with the appraiser to do so. ……the person who provides to the VA fee panel appraiser information must sign the appraisal report in the “Appraiser” section of the left side of the appraisal report. See the announcement by the Veterans… Read More »

You Just Have to Laugh

Over the past few weeks VaCAP has been hearing from our members on some of the concerns they have with how amcs are conducting themselves. It started when appraisers on the USDA panel received notifications that USDA was no longer ordering appraisals directly and that task has been outsourced. Verdi Consulting and Jones Lang LaSalle… Read More »

VaCAP Takes Action!

Last week we shared with you Maxine Waters and Sherrod Brown sent an inquiry to the Appraisal Subcommittee inquiring on the parameters used to determine the North Dakota Appraiser Waiver approval. We encouraged each of you to take advantage of the attention on our profession and contact your representatives.. VaCAP has sent letters to both… Read More »