regulation

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

Appraiser Game Changer: Financial Reform Bill Passes (Bye-Bye HVCC)

The Dodd-Frank Wall Street Reform and Consumer Protection Act includes a section referred to as the Mortgage Reform and Anti-Predatory Lending Act in Title XIV. The appraisal activities provisions are located within Subtitle F, which includes the following highlights: Sub prime mortgages will require written appraisal reports by state-licensed appraisers, including an… Read More

Environmental Due Diligence

In 1994 Fannie Mae formally introduced environmental due diligence to the appraisal industry- so what has changed? The Appraisal Journal (January 1995), published by the Appraisal Institute, included an article that reviewed what was then new environmental reporting requirements put in place by Fannie Mae and the new Uniform Residential Appraisal Report (URAR) form (effective January… Read More

Mold Inspectors: Proceed with Caution!

Mold Inspectors: Proceed with Caution! by Jeff Jeffrey Deuitch If you are inspecting for mold and promoting yourself as a certified professional after completing only limited training/education, you may want to proceed with caution. Most states have no regulation or licensing of mold professionals. The increasing demand for mold professionals has led to the birth… Read More