Comments on: A Contrary Response to The Future of Valuation

By: Mike Ford, AGA

Mike Ford, AGA — Fri, 13 Nov 2015 04:14:49 +0000

JW,or “…or in terms of financial arrangements comparable thereto”. How many even know what that means anymore? R41b or R41c?

I’m beginning to think that as long as there is mortgage insurance of ANY type, banks will not be required to care about loan OR appraisal quality. And as long as AIG is always guaranteed to be reimbursed by Uncle Sugar, they won’t particularly care about ‘the process’. I agree with CU clients, but always remember NCUA is also a GSE.

As for international standards, they are necessary in the world of accounting and international banking. They are NOT however required in 99.9% of American real estate appraisals. In the very few instances where foreign based investors are making REAL ESTATE investment decisions based on American Appraisals, they are more than sophisticated enough to understand OUR definitions with zero difficulty.

By: Mike Ford, AGA

Mike Ford, AGA — Fri, 13 Nov 2015 04:05:09 +0000

In reply to Tom D.

Tom, *G*, we both know what its worth these days….but the federal government does not. BTW-SRAs are still respected by those that know what you did to earn them.

By: jw

jw — Wed, 11 Nov 2015 23:23:37 +0000

Sometimes I wonder what this whole industry is about anyways, if we fail to adjust cash equivalency for the rate. It’s the rate that drives the ups and downs, not the appraisers, and not the realty participants. Appraisers are supposed to be present to protect the liquidity of lending institutions, so that citizens can have access to lending resources and seek prosperity and escape the burden of lifelong debt and rental commitments. But when the lenders themselves choose to be insolvent and mount up the risk, how can an appraiser protect anything or anyone? Geesh, I treat CU clients like gold these days. They usually have a completely different take on responsible financial management than the other guys. As far as international standards go, as the other countries typically have less liberty rather than more, I’m not very keen on emulating them, or anything they choose to do. We The People, go our own way, and adopting international standards is a mistake.

By: Tom D

Tom D — Wed, 07 Oct 2015 18:41:38 +0000

nobody wants the truth, stop it. ai loves residential appraisers. yes, loved them to their death after the marriage with the society of r.e appraisers. please, a moment of silence for my beloved sra designation, long dead. mike!!!!, i love the alphabet soup after your name.

By: Mike Ford CA AG, SCREA, AGA, GAA, RAA

Mike Ford CA AG, SCREA, AGA, GAA, RAA — Mon, 05 Oct 2015 19:36:01 +0000

In reply to Donna Corrado on Facebook.

Thank you Donna.

By: Donna Corrado on Facebook

Donna Corrado on Facebook — Mon, 05 Oct 2015 15:10:49 +0000

“Loud Applause”