Appraiserville – Fake Claim of An Appraisal Shortage
Please provide feedback immediately to “two banking institutions have requested that the Appraisal Subcommittee temporarily waive the requirement for use of state licensed or certified appraisers” based on the fake claim of an appraisal shortage. I wrote about Tristar Bank in Appraiserville a few weeks ago. It is worth re-visiting since I translate the Tristar request into my interpretation of what they are really saying.
It is recommended to send your responses ASAP to email@example.com rather than to Jim Park directly although either way is fine.
The Appraisal Foundation will be responding to this issue. Here is an email I just received on this issue:
Dear Council Members:
We wanted you to be aware that two banking institutions have requested that the Appraisal Subcommittee temporarily waive the requirement for use of state licensed or certified appraisers as authorized under Title XI. For background information and copies of the letters, please visit: https://www.asc.gov/Temporary-Waiver-Requests/TWAP.aspx
The ASC is encouraging input from the appraiser community as they consider these requests. As the first request came from a bank in the metropolitan Nashville area, an area with a large number of appraisers, an approval would certainly create a ripple effect across the country. Please submit your comments to:
1401 H Street, Suite 760
Washington, DC 20005
The Appraisal Foundation intends to provide comment and will provide you with a copy of our letter. Thank you for your attention to this critical matter.
David S. Bunton
The Appraisal Foundation
direct phone 202.624.3040
Please take a few minutes and respond to this critical issue. Read more »