public interest - Appraisers Blogs

Woke ‘Bounty’ Bill Will Chill Speech of New York Appraisers

Jeremy Bagott — Wed, 10 May 2023 11:45:10 +0000

A bill being crafted by the New York state Senate’s Finance Committee would, in effect, place a $2,000 bounty on the head of any heretical real estate appraiser in the Empire State who dares conclude a value that fails to satisfy a seller, serial refinancer or commissioned broker in a deal. Vulnerable buyers, who could be paying off inflated loans based on coerced values, would simply have to live with it. If enacted, the bill would authorize fines to be levied on appraisers for a new category of thoughtcrime – something called “appraisal discrimination.” Half the proceeds from the fines...

HUD's Private Inquisitors Will Chill Protected… HUD awarded $54 million to 182 nonprofits to serve as posses in a a Spanish Inquisition-style drive. The deep pockets…
Low Appraised Value = Racial Bias? When the appraised value didn’t meet the sale price, the first assumption was that the appraiser conspired to lower the…
Occupational Licensing Used to Intimidate It provides no better illustration of how occupational licensing promotes groupthink and intolerance to differing viewpoints... CALIFORNIA: WHERE RIGOROUS INQUIRY…

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Sign the Letter

VaCAP Board — Mon, 03 Oct 2016 12:00:14 +0000

Sign VaCAP Open Letter to AMCs Fellow Appraisers, A few weeks ago, Virginia Coalition of Appraiser Professionals (VaCAP) sent out an open letter to the AMCs. This letter was republished by many coalitions, and appraiser groups across the country; liked and shared on Facebook and broadcast on several industry blogs. VaCAP received an overwhelmingly positive response from the letter. We even heard from several Realtors applauding our efforts! Activity is still ongoing with comments! Click here to read the letter and comments! We heard you loud and clear… The letter can now be signed by individual appraiser here on AppraisersBlogs. We will...

It’s Time to Take Out the Junk: AMC Practices Exposed Appraisers have spent years carrying the weight of broken AMC practices, and this article pulls every one of those practices…
USPAP’s Typical Buyer Standard in the Fair Housing Era The Irreconcilable Conflict Between USPAP's Typical Buyer Standard and the Current Fair Housing Compliance Regime. Retain this document as a…
Maxine Waters Wants Appraisers Investigated On February 22, 2022, Maxine Waters sent a letter to HUD Secretary Marcia Fudge, TAF, ASC and AI regarding ongoing…

The post Sign the Letter appeared on Appraisers Blogs.

Open Letter to AMCs

VaCAP Board — Mon, 12 Sep 2016 12:30:44 +0000

AMCs have failed the appraisal profession, the financial industry and the consumer Dear AMC, Thank you for your interest in our profession. The trial period we have conducted is over and the appraisal profession has determined your services are not needed. The reasons for our decision are as follows: The use of an AMC is not required by any federal or state law. The use of an AMC does not provide any benefit to the appraiser. The use of an AMC does not provide any benefit to the consumer. The use of an AMC has not protected the consumer. The...

Dear AMC, Goodbye... Why I'm Leaving Residential Appraisal - Dear AMC, Goodbye! The Law of Unintended Consequences is a law, like Murphy’s Law,…
AMC Dangers to the Consumer Appraisal Management Companies (AMC) are changing how our profession works. It’s important to know exactly how they are affecting the…
Housing Notes: AMCs Running Out of Appraisers Housing Notes on Appraiser Shortage, Coester AMC Lawsuit... In a recent article, Jonathan Miller, author of Housing Notes, points out…

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AMC vs Public Interest – VaCAP Advocacy

VaCAP Board — Fri, 08 Jan 2016 13:30:09 +0000

Since the beginning, Federal Regulation of the industry was initiated to “protect the public. “ FIRREA, USPAP, HVCC, Dodd Frank and state licensing of appraisers and appraisal management companies were initiated with consumer protection as the goal. Customary and reasonable fees, mandated by Dodd Frank, are also to protect the consumer. The Virginia Coalition of Appraiser Professionals supports customary and reasonable fees and believes in order to determine a customary and reasonable fee all things associated must be considered and incorporated into the determination. The below practices by AMC’s are not in the interest of protecting public trust and go...

VaCap Speaking out Regarding C&R Fees CUSTOMARY AND REASONABLE FEES When Dodd Frank was passed a few years ago there was much discussion as to what…
Residential C&R Fees Study in Virginia Virginia Study on Customary & Reasonable Fees for Residential AppraisalsBLACKSBURG, Va., Oct. 7, 2014 – Virginia Tech researchers and students…
Day Laborers Needed...Inquire at any AMC Help Wanted - Day Laborers Needed .... Inquire at any AMC The Dodd Frank act requires the lender to be…

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public interest - Appraisers Blogs

Woke ‘Bounty’ Bill Will Chill Speech of New York Appraisers

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Sign the Letter

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Open Letter to AMCs

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AMC vs Public Interest – VaCAP Advocacy

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