The Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency have denied the request for a public hearing on raising the appraisal minimum threshold for residential real estate transactions from $250,000 to $400,000. See the “agencies” rejection letter here. The American Society of… Read More »
VaCAP President Pat Turner was quoted in a syndicated article by Ken Harney. The article compares the accuracy of Zillow and Redfin’s automated valuation models. Now we all know a licensed appraiser is the best source of an accurate value, but we must be honest, AVM’s are being used each and every day. VaCAP encourages… Read More »
AppraisersBlogs has published an article this morning that is worthy of sharing. The article highlights a reason lenders want automated values and not appraisers. The reason may surprise you. Check it out for yourself. While you are there, please show AppraiserBlogs how much you appreciate their dedication to the profession by clicking a few Google… Read More »
Why? – Just Why? Some people are leaders. Some people are followers. Some are takers and some are givers. We are all different and we all contribute to society in different ways. By now you are probably wondering where the heck are we going with this. No it is not about stepping… Read More »
What is VaCAP President Pat Turner doing? Greeting an Imaginary Friend? A New Line Dance? VaCAP’s conference dinner was held last Thursday in Springfield, VA after the first day of Stats Graphs and Data Science by George Dell. VaCAP would like to thank George Dell and Cyndi Law for travelling across country to be… Read More »
The Virginia Real Estate Appraisal Board Meeting Recap. 02/12/2019 To say this meeting was a full house is an understatement. An extra row of chairs was added in anticipation of public attendance. The agenda was posted prior and the format was, well just like every other meeting. The meeting minutes were approved from the… Read More »
Speak About Hybrid Appraisals at the VREAB Meeting Tomorrow! The Virginia Real Estate Appraisal Board meets tomorrow for its quarterly meeting. The meeting will take place at DPOR Offices, located at 9960 Mayland Dr, Richmond, VA 23233 @ 10:00 AM. The agenda can be found on the Townhall. This meeting is important as hybrid… Read More »
Clarocity Cites Possible Upcoming Government Shutdown as Excuse to Delay Payments to Appraisers! From our Sister Coalition in Mississippi: “BEWARE if you accept any orders from Clarocity. I got a call from one of our members today telling me that Clarocity is citing the upcoming government shutdown as a reason appraisers may not get… Read More »
As you are aware, the oral arguments in the Louisiana vs FTC case were held today. The audio of the proceedings has been posted for public listening. You can listen to the content here.
VaCAP received this informative newsletter from a member of our sister coalition, the Illinois Coalition of Appraisal Professionals late yesterday. VaCAP was the first state our appraisers these products may not comply with Virgina laws.We are aware of approximately 20 states in which there are conflicts between these products and state laws. The Illinois… Read More »