FIRREA

AVM Tango! Man or Machine?

Editor’s Note: A recent online debate about AVMs highlights the many facets of this very important issue and underscores the wide divergence of opinion among appraisers about the place of AVMs in the lending process, and in the marketplace. The conversation was sparked by the story Copyright Appraiser Takes on AVMs. AVM Tango! Man or… Read More

Summary: Pennsylvania Case Against AVMs

Pennsylvania Case against AVMs (an Appraiser’s Summary of the Decision) by Tim Vining FIDELITY NATIONAL INFORMATION SOLUTIONS, INC., MARKET INTELLIGENCE INC., AND PENNSYLVANIA BANKERS ASSOCIATION, PLAINTIFFS v. GEORGE D. SINCLAIR, et.al., Defendants CIVIL ACTION NO. 02-6928 UNITED STATES DISTRICT COURT FOR THE EASTERN DISTRICT OF PENNSYLVANIA DECIDED MARCH 31, 2004 The purpose of this summary… Read More

Chase Denies Responsibility for Bankrupt AMC Debt

1
Editor’s Note: The bankruptcy earlier this year of the appraisal management company (AMC) ESA left millions in unpaid fees to appraisers, agents and brokers, who now are trying to collect from Chase, the bank who hired the AMC.  What happens will have far-reaching effects on the appraiser-AMC relationship and the industry. Chase Denies Responsibility for… Read More

GAO Wrangling

In the wake of the GAO study, stake holders, including several appraisal organizations, have submitted comments to Congress. A joint letter from American Society of Appraisers, American Society of Farm Managers and Rural Appraisers, Appraisal Institute and National Association of Realtors writes: “With a patchwork of state laws and ineffective federal oversight allowing for only… Read More

Appraisal Industry: A House Divided?

Editor’s Note: Support the in-depth and balanced reporting that your important industry deserves with a paid subscription to Working RE. Subscribe today ($30 annual) to guarantee delivery of Working RE and receive hundreds of dollars in discounts on education and other services! Special Edition: Appraisal Industry: A House Divided? AARO Mud fight, Run Away State… Read More