tag:blogger.com,1999:blog-68737650788738394352012-01-31T19:17:22.961-08:00A virtual meeting place for appraisers to network, and share information and news, about our industry and ourselves. <br><br>Presented by The Appraisers' Coalition of Washington.Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.comBlogger2461100tag:blogger.com,1999:blog-6873765078873839435.post-9860467860951634832011-12-23T17:11:00.000-08:002011-12-23T17:13:32.378-08:00

Once again, it is time to elect ACOW representatives.Ballots are available from:Appraisers Coalition of Washington6351 Seaview Avenue NWSeattle, WA 98107-2664p: 206.622.8425f: 206.623.4474info@acow-wa.org

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-84826462433088682082011-12-09T17:29:00.000-08:002011-12-09T17:34:21.256-08:00

Our annual Christmas lunch is at the Silverdale Beach Hotel on Wednesday, December 21st, at 12 Noon. Bring a white elephant gift or ornament to exchange.Michael Imes, IFA

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-18961271372251417892011-12-09T17:23:00.000-08:002011-12-09T17:33:57.147-08:00

2012-2013 USPAP UPDATEWhen: Monday, February 10th, 2012Time: 08:25 am – 04:25 pmWhere: Silverdale Beach Hotel3073 NW Bucklin Hill Rd, SilverdaleInstructor: Gail Harmon, IFASCredit: 7 hrs. CE, WA StateOne Day Class (1 - 7 hour class):NAIFA Ntl. Member (designated) $120.00NAIFA Ntl. Member (non-designated) $130.00Non-Member $150.00A.C.O.W. 2012 Dues (optional): $45.00PRE-REGISTRATION BY 01/22/2012

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-19064424464968777712011-12-08T16:34:00.000-08:002011-12-09T17:35:58.329-08:00

Greetings ACOW members,It is time to gear up for the ACOW 2012 elections. Election ballots will be sent out soon.If you would like to elect or volunteer to become either an Organization Representative or an ACOW Board Member please notify us as soon as possible. Attached is a list of current Organization Representative. If you would like to fill the open positions or have knowledge that the

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-17208281029441641082011-12-07T05:00:00.000-08:002011-12-09T17:51:38.877-08:00

Prosecuting Wall Street, 60 Minutes (CBS) videos"Two high-ranking financial whistleblowers say they tried to warn their superiors about defective and even fraudulent mortgages. So why haven't the companies or their executives been prosecuted? Steve Kroft reports.""Two whistleblowers offer a rare window into the root causes of the subprime mortgage meltdown. Eileen Foster, a former senior

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-24845884003186562622011-12-01T11:00:00.000-08:002011-12-02T11:16:08.738-08:00

Dear Washington State Appraisers:I would like to follow-up with everyone on our last request for additional donations to get through 2011; since I last wrote, we have collected approximately $2,300 in donations for retiring our 2011 lobbyist bill! We currently have an outstanding balance of less than $2,500 and I would like to remind all of those that have not had to the chance to do so, to

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-18883533612685740862011-11-16T15:00:00.000-08:002011-11-16T15:24:09.346-08:00

This is a personal editorial based on my experience as an appraiser.Here's an example of an illegal practice that still goes on after everything that has happened in the housing market.This condo is listed for $579,000 in Millbrae, CA. There's a nice little video that tells you that if you (the borrower) sign a contract before November 30, 2011, you can get a $15,000 kickback from the "New

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-59133066812982150982011-11-16T13:03:00.000-08:002011-11-16T14:17:05.586-08:00

I scanned, but did not read this 60-page report. It appears to be a presentation of data gathered by the GAO, with no meaningful recommendations for actions, beyond telling various governmental agencies that they need to talk to each other about this topic.Yes, this is old-ish news, as the report was published last July. I just stumbled across it and thought it might be useful to have posted

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-90196784178657591302011-11-15T13:30:00.000-08:002011-11-16T13:32:53.563-08:00

In the wake of AppraiserLoft stiffing appraisers for tens of thousands of dollars, and CoreLogic announcing they are bailing out of AMC ownership, it is good to see AMCs described a little more accurately and thereby getting some of the scrutiny they have long deserved.Nothing new to appraisers in this article, but consumers should have a more accurate accounting of what they are actually paying

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-46990757177293829532011-11-14T13:30:00.000-08:002011-11-16T13:46:44.382-08:00

American Guild of Appraisers Fights to Overturn Federal Regulations that Dramatically Cut Fees and Threaten ProfessionExcerptThe American Guild of Appraisers (AGA), a national organization of real estate appraisers that is an affiliate of the AFL-CIO's Office and Professional Employees International Union (OPEIU), announced today it has retained a law firm as part of a broad-reaching effort to

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-53112555538664716402011-11-11T10:31:00.000-08:002011-11-11T10:33:47.133-08:00

Dear Washington State Appraisers: As ACOW nears the end of the 2011 calendar year, I want to make sure that we appraisers do not forget that there is a special session starting up in the next few weeks and that we need to be cognizant of what can happen to WA State appraisers when politics are involved! ACOW had to fight really hard this year for the continuance of REAC, getting the new AMC Law

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-67126202354724869872011-11-10T10:00:00.000-08:002011-11-11T10:44:44.273-08:00

Excerpt:"During the third quarter, CoreLogic sold five business units and reported them as discontinued, including its appraisal management business, several consumer credit units and its marketing services."SourcePress release from CoreLogic

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-44926612420247316612011-11-04T13:30:00.000-07:002011-11-16T13:54:24.344-08:00

Excerpted from an email by Dave Towne:"Appraisers have [a] legal obligation to report any known Comparable Property seller sales concessions on the Fannie/Freddie forms.However, the attorney for the Washington Association of Realtors has advised Realtor members that they have ‘no obligation to disclose’ concession information if an appraiser calls an Agent for that information. They are treating

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-70880037642618445402011-11-03T13:58:00.000-07:002011-11-03T14:09:53.865-07:00

Thursday, November 3, 2011, 6:00 p.m. – Please Plan to Begin PromptlyLamb Hanson Lamb Office – Seattle4025 Delridge Way SW, Suite 530Seattle, WA 98106 (206.903.1500)For the Lamb Hanson Lamb Office, the building elevators close at 5:30pm; for the Lamb Hanson Lamb offices at 5:30pm.If attending and plan to arrive after this time, please call ahead of time to arrange for access(For directions, go to

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-66289982232888821662011-10-28T19:43:00.000-07:002011-10-28T19:45:14.097-07:00

From Dave Towne:It must be said very simply: the appraiser is the one who controls report content. But it’s also incumbent on appraisers to include relevant details and plenty of commentary to justify their opinions, and of course, the final opinion of value. I think this is where some appraisers hang themselves. But others do it well, and still get asked to make changes. That is not

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-7216860850274423962011-10-27T17:53:00.000-07:002011-10-27T17:55:10.009-07:00

From Chris Mayou:We had a great response to our first Appraising Green Homes training in Kitsap County. Due to the high turnout at the first class, the agencies involved in funding this course think it's possible to train close to 100% of the appraisers who work in Kitsap County! So, another training date has been added. This course is designed to build participants' knowledge of green

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-81594076038913292152011-10-25T17:40:00.000-07:002011-10-27T17:42:29.033-07:00

Excerpt:"Lila Rizk was a licensed real estate appraiser based in Orange County, California. She did business with Mark Abrams, a mortgage broker, and his business partner Charles Elliott Fitzgerald, a real estate developer. Between July 2000 and January 2003, Abrams, Fitzgerald, and others associated with them initiated and carried out a scheme to defraud mortgage lenders. Losses to these lenders

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-17428262427735766682011-10-20T17:10:00.000-07:002011-10-28T19:47:41.208-07:00

http://www.housingwire.com/2011/10/12/hud-suspends-lend-america-president-for-mortgage-fraud

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-12627652348956518322011-10-18T19:10:00.000-07:002011-10-28T19:21:04.742-07:00

New IRS Voluntary Compliance Initiative for Misclassified Independent ContractorsExcerpt:On September 21, 2011, the IRS introduced an extremely favorable settlement program for those who have misclassified employees as independent contractors to reclassify them and eliminate the tax exposure.This favorable program includes audit protection for prior years and abatement of interest and

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-58838661568029016722011-10-14T20:10:00.000-07:002011-10-28T20:52:43.951-07:00

From Dave Towne, the following emails:Subject: iAppraisal Advantage-- We have work in WASHINGTON, ARE YOU SIGNED UP FOR THIS PRODUCT?From: Stephanie Eckes Sent: Wed, Oct 12, 2011 6:31 pmHello,We have a client who is ready to start placing orders for the new iAppraisal Advantage report in your area. Please let me know if you are interested in completing this product and what your fee will be.Most

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-24774911603799018742011-10-08T19:00:00.000-07:002011-10-28T19:38:36.077-07:00

By Timothy C Andersen, MAI Excerpt: "It is interesting to note that to violate a state's appraiser certification law is not a crime, per se. It is not illegal, either, which means it is not "breaking the law." It is unlawful, however, which means to do something in a manner the law does not authorize. Since violation of a state's appraiser certification law is not a crime, the protection of

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-39902159858522878312011-10-03T17:20:00.000-07:002011-10-28T19:36:23.534-07:00

Excerpt:"John F. Hochrek, Jr., 50, Spring Grove, Illinois, was sentenced by United States District Judge Lynn S. Adelman to 6 months in prison for his role in a mortgage fraud scheme involving at least 44 residential properties and millions of dollars of loss.""Hochrek participated in the scheme as a licensed appraiser (doing business as Tri-County Appraisals in Wisconsin and Illinois) and as a

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-28600177581087555222011-10-02T17:30:00.000-07:002011-10-27T17:32:44.510-07:00

Electronic mortgage-registry firm wins in appealA three-judge panel rules the plaintiffs did not show that the alleged illegalities associated with the MERS system injured them or violated state law.By Karen Gullo - Bloomberg NewsMortgage Electronic Registration Systems (MERS), the operator of an electronic registry of mortgages, and lenders won a U.S. appeals-court ruling upholding dismissal of

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-70321699683412973732011-10-02T17:10:00.000-07:002011-10-28T20:09:51.121-07:00

From Ann O'Rourke, MAI, SRA (Appraisal Today):San Diego, California- the Publisher of LiveValuation Magazine resigned on Tuesday, October 11, 2011 after last-minute negotiations to purchase the magazine failed. Ernest W. Durbin II was the publisher of the national monthly valuation magazine since its inception in May of 2009. The sole owner of the publication is Aman S. Makkar who recently closed

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-72383191497700148202011-10-01T17:20:00.000-07:002011-10-27T17:25:57.227-07:00

Another video for those of you who have not seen it, or would like to direct it to others."Has the too big to fail, bailout nation policies left us doomed to repeat the same old mistakes? Insight with Josh Rosner, Graham Fisher & Co. and Gretchen Morgenson, The New York Times."Click here to view

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-32723983481784853072011-09-28T17:20:00.000-07:002011-10-27T17:22:34.405-07:00

For those of you who missed it the first time, or have heard about it and didn't know where to find it, here is the infamous video showing how lenders hired people to forge signatures in order to re-create lost documents.Click here to viewThanks to Joyce Potts for this good link!!

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-144536719683795632011-09-27T17:10:00.000-07:002011-10-27T17:11:53.089-07:00

Excerpt:"The mortgage market was struggling in March 2007 when Countrywide promoted Eileen Foster to executive vice president and tapped her to take over the company's mortgage fraud unit."" "A former loan-underwriting manager in northern California, for example, claimed Countrywide retaliated against her after she sent an email to the company's founder and chief executive, Angelo Mozilo, about

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-1823440939638597832011-09-25T17:10:00.000-07:002011-10-27T17:18:55.630-07:00

Hearing entitled "Mortgage Origination: The Impact of Recent Changes on Homeowners and Businesses"Wednesday, July 13, 2011House Committee on Financial Services Subcommittee on Insurance, Housing and Community Opportunity Excerpt from Sara Stephens:"...we believe the work of appraisers is vastly underutilized by mortgage lenders today, and facing severe strain as a result of a conflicted and

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-42717355207849165272011-09-09T09:30:00.000-07:002011-09-09T21:32:57.513-07:00

Excerpt:Bank of America Corp.’s story has long been that Countrywide did it. But a lawsuit filed last week by the Federal Housing Finance Agency tells a different tale.The lawsuit claims that when former Countrywide Financial Corp. CEO Angelo Mozilo marveled at the dizzying recklessness of the mortgage-lending business, he was in fact looking at Charlotte-based Bank of America.This is perhaps one

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-76458473963070645842011-09-05T21:26:00.000-07:002011-09-09T21:27:51.296-07:00

Excerpt:The FHFA alleges these institutions, their executives and some lead underwriters violated federal securities laws, violated common law, failed to conduct proper due diligence and provided allegedly false information when selling these products.What the FHFA seeks in recovery will not equal what the GSEs paid for the MBS sold. However, in each suit, the FHFA disclosed how much Fannie and

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-59892269044998801342011-08-25T21:30:00.000-07:002011-08-30T21:40:15.616-07:00

At this time there are two vacancies on the Real Estate Appraiser Commission. If you are interested in applying for one of these positions please provide a letter of interest that outlines your background and experience in the appraising profession including: The number of years you have conducted real property appraisals. The names of any professional organizations to which you belong. The

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.comtag:blogger.com,1999:blog-6873765078873839435.post-33976757084558543992011-08-24T21:45:00.000-07:002011-08-30T21:49:06.310-07:00

1. September 1, 2011 (appraisal effective date): Appraisals must comply with the UAD data standardization requirements 2. December 1, 2011 (loan application date): Lenders must deliver full UAD-compliant electronic appraisal report data (if appraisal required) and expanded loan delivery data 3. March 19, 2012 (loan delivery date): Lenders must deliver full UAD-compliant electronic appraisal

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-48786578446379018062011-08-23T21:40:00.000-07:002011-08-30T21:47:01.489-07:00

Appendix D (as of Aug. 11): https://www.efanniemae.com/sf/lqi/umdp/pdf/uadreqsforlenders.pdf FAQ’s (as of June 2011): https://www.efanniemae.com/sf/lqi/umdp/pdf/uadfaqs.pdf The Appraisal Foundation (TAF) released a free video recently previewing the 2012-13 changes to the Uniform Standards of Professional Appraisal Practice (USPAP). The 23 minute video includes: - revisions to the definitions

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-42804810807867941832011-08-16T12:58:00.000-07:002011-08-17T13:02:00.460-07:00

In a letter to the heads of the Department of Housing and Urban Development, Federal Financial Institutions Examination Council, Veteran's Administration and the Federal Housing Finance Agency, NAR President, Ron Phipps, encourages the bar of indemnification clauses used by Appraisal Management Companies (AMCs). An excerpt: "Appraisers provide an independent and impartial analysis of the

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-52141032852379256842011-08-15T12:46:00.000-07:002011-08-17T12:51:11.247-07:00

Letter to the Editor, Seattle Times, August 10, 2011 Discrepancy in Article In response to “The age of appraisal aggravation” [Real Estate, July 31], as a professional appraiser, I wanted to point out a discrepancy in the article. While many of the people interviewed for the article stated that appraisers have been responsible for providing valuations that do not support sale prices,

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-19764373342700006262011-08-07T12:53:00.000-07:002011-08-17T12:54:20.640-07:00

From Wall Street 24/7 Complete article here: SOURCE These are America's ten sickest housing markets. 1. Tucson, AZ Homeowner vacancy rates: 6.8% (1st) Rental vacancy rates: 15.9% (6th) Total housing units: 440,909 Unemployment: 7.8% 2. Indianapolis, IN Homeowner vacancy rates: 5.2% (5th) Rental vacancy rates: 13.5% (10th) Total housing units: 757,441 Unemployment: 7.8% 3. Memphis, TN

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-22805291879671181532011-08-01T13:05:00.000-07:002011-08-17T13:07:19.083-07:00

The senate is in charge and are holding up any nominee to head the Consumer Financial Protection Bureau. From Mike Konzal: "...[The three] major strengths [of the the Dodd-Frank Act ] a director, funding and accountability with a focus on consumer protection — are exactly what the Republicans want to dismantle. No doubt they are trying to stall and annoy the implementation of Dodd-Frank and

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-59974208164468231122011-07-27T17:26:00.000-07:002011-10-27T17:27:50.478-07:00

by KERRI PANCHUKMonday, July 11th, 2011, 9:26 amExcerpt:The Federal Deposit Insurance Corp. filed a negligence lawsuit against former IndyMac CEO Michael Perry last week, accusing the executive of producing risky home mortgages that eventually soured, causing more than $600 million in losses.In the complaint, the federal regulator, which took over IndyMac after the bank's failure in 2008, accuses

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-59516903313836330052011-07-17T12:56:00.000-07:002011-08-17T12:57:06.836-07:00

by KERRI PANCHUK Monday, July 11th, 2011, 9:26 am The Federal Deposit Insurance Corp. filed a negligence lawsuit against former IndyMac CEO Michael Perry last week, accusing the executive of producing risky home mortgages that eventually soured, causing more than $600 million in losses. In the complaint, the federal regulator, which took over IndyMac after the bank's failure in 2008, accuses

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-17476156057309454352011-07-10T21:43:00.000-07:002011-07-10T22:11:10.807-07:00

NOTICE: ACOW At the Summit XIII is August 18 & 19. Registration is now open! For more information go to: http://acow-wa.org/201108_summit.htmlBoard of Directors Meeting – Preliminary AgendaThursday, July 7, 2011, 6:00 p.m. – Please Plan to Begin PromptlyLamb Hanson Lamb Office – Seattle4025 Delridge Way SW, Suite 530Seattle, WA 98106 (206.903.1500)For the Lamb Hanson Lamb Office, the building

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-91863011392241763012011-07-09T22:14:00.000-07:002011-07-10T22:16:53.655-07:00

There is a proposed new Good Faith Estimate (GFE) from the new Consumer Finance Protection Bureau (CFPB), which will be given to mortgage loan applicants. A separate HUD-1 form will be used at closing.This proposed GFE form does not break out the separate ‘appraiser’ and ‘appraisal management’ fees.In the interest of full disclosure, the different fees should be disclosed to the borrower on this

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-15053452092847487732011-07-07T21:39:00.000-07:002011-07-10T21:42:40.382-07:00

ACOW at the Summit XIII - Earn 11 hours of CE credit. Thursday & Friday, August 18th & 19th, 2011Summit Lodge at Snoqualmie Pass - Interstate 90Phone: 425-434-6300 — Special Room Rates availableThursday Schedule: [Reg. open at 8am]8:30 — 11:30a - 3 hr CEValuing CorridorsInstructor: Stan Sidor, MAIEspecially for Certified General’s for assignments where determining the value of a corridor is

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-55235117284296986432011-07-05T22:18:00.000-07:002011-07-10T22:50:28.014-07:00

Kerry Killinger, former Chief Operating Officer Stephen Rotella and David Schneider, WaMu’s former home-loans president, asked a judge to dismiss the FDIC’s suit after the negotiations failed, according to Barry Ostrager, a lawyer for Rotella and Schneider. The FDIC sued the Washington Mutual Inc. officials in March, claiming they took extreme risks with the bank unit’s home-loans portfolio,

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-82807518812864003862011-06-11T10:00:00.000-07:002011-06-12T10:34:46.862-07:00

Two former senior Taylor, Bean & Whitaker Mortgage Corp executives were sentenced on Friday to several years in prison for their roles in a nearly $3 billion fraud that took down the big lender and a major bank.The fraud ran more than seven years until August 2009 when TBW collapsed after the the U.S. housing market imploded, taking Colonial BancGroup Inc's (CBCDQ.PK) Colonial Bank with it and

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-41767047917981453242011-06-10T10:30:00.000-07:002011-06-12T10:41:13.677-07:00

There are about 10 seats left. If you haven’t sent in your reg please do so, so we can have your name for your certificates. Names will be sent in later today. If you sign up at the door or send in after today, there will be a delay in your certificate arrival. You can’t beat 4 hours of ed for $20 and the information that will help you stay away from civil action!Michael ImesWhen: Monday, June

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-90280605569328295322011-05-19T21:25:00.000-07:002011-05-19T23:55:47.595-07:00

From the Appraiser Buzz: Interview with Ann Fulmer, Vice President Business Relations - InterthinxExcerpted:FULMER: Fraud schemes are always mutating to take advantage of opportunities presented by the economy and lenders' operational processes. Now that lenders require fully documented applications there’s been a big increase in forged and fabricated documents relating to the borrower’s income

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-80788197771626160412011-05-19T20:58:00.001-07:002011-05-20T00:07:43.143-07:00

Excerpt from the Appraiser Law Blog:"How is it that the FDIC can be suing about appraisals delivered 5 or more years ago?"First, when the FDIC sells off the assets of a failed lender for which it has been appointed receiver, the FDIC typically retains for itself the right to claims against parties like professionals and officers and directors whom it can blame for losses of the failed lender.

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com1tag:blogger.com,1999:blog-6873765078873839435.post-52129679480179986142011-05-16T10:35:00.000-07:002011-05-20T00:09:25.758-07:00

The FDIC has accused Lender Processing Services Inc. of Jacksonville, Fla., and CoreLogic Inc. of Santa Ana, Calif., of causing $283.5 million of damages to the former Washington Mutual Inc. for failing to provide oversight of appraisal.The 118-page filing of the lawsuit states 220 appraisals performed between 2006 and 2008 contained “multiple egregious violations” of industry standards.Less than

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-21269876136711338642011-05-16T09:55:00.000-07:002011-05-16T09:58:30.887-07:00

Just in time to start thinking about next year's taxes!Many appraisers work as sole proprietors from home-based offices, and many know that IRS guidelines allow deductions for the portion of the home that is used "exclusively and on a regular basis for work in your business." All the space you use for working from home, including storage space, can qualify for a tax deduction."Exclusive" use

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-31995951043514000492011-05-15T20:59:00.000-07:002011-05-20T00:10:40.551-07:00

"[Appraisal] quality standards during the mortgage boom years were set by the lenders and their regulators -- lenders got the quality they ordered under the supervision of their regulators, including the OTS and FDIC."Yet, now, these same lenders and the FDIC are looking at those appraisals as a way to recoup their losses resulting from bad lending and falling real estate prices."Quoted from:

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-3062365824793590392011-05-15T20:44:00.000-07:002011-05-15T20:59:30.986-07:00

FDIC v. CoreLogic, eAppraiseITU.S. District Court, C.D. Cal., May 9, 2011.FDIC v. Lender Processing Services, LSI AppraisalU.S. District Court, C.D. Cal., May 9, 2011.FDIC v. General Star National Insurance CompanyU.S. District Court, C.D. Cal., April 29, 2011.More information from the Appraiser Law Blog here, which includes links to the complaints.(via Richard Hagar, SRA)

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-12961062185408570392011-05-06T23:03:00.000-07:002011-05-06T23:07:53.082-07:00

First, I want to state how honored I am to be the 2011 ACOW President. As many may know, San Sidor, MAI had to step down unexpectedly in late 2010 and I was fortunate enough to be considered to try and follow enormous footprints; in both Jim Irish, SRA and Stan! ACOW has been an official organization now since 1996; ACOW is one of the oldest state appraiser coalitions in the country. The

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-91650338066892770952011-05-06T11:14:00.000-07:002011-05-06T11:23:45.140-07:00

Watch carefully, as vested interests struggle to preserve the status quo:Excerpt:"A group of 44 Republican senators sent a letter to President Obama Thursday vowing not to confirm any nominee for director of the Consumer Financial Protection Bureau until structural changes are made."The CFPB was created under the Dodd-Frank Act and is scheduled to open July 21. It will become the main regulator

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-39244759104294891982011-05-06T11:09:00.000-07:002011-05-06T11:12:35.178-07:00

Excerpt:"On May 3, the United States government has filed a civil mortgage fraud lawsuit against Deutsche Bank AG and its wholly owned subsidiary, MortgageIT Inc. The complaint seeks damages and civil penalties under the False Claims Act for what it alleges were repeated false certifications made to the Department of Housing and Urban Development (HUD) in connection with the residential mortgage

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-51975098844451932202011-05-05T09:51:00.000-07:002011-05-05T09:53:25.274-07:00

Thursday, April 5, 2011, 6:00 p.m. – Please Plan to Begin PromptlyLamb Hanson Lamb Office – Seattle4025 Delridge Way SW, Suite 530Seattle, WA 98106 (206.903.1500) For the Lamb Hanson Lamb Office, the building elevators close at 5:30pm; for the Lamb Hanson Lamb offices at 5:30pm.If attending and plan to arrive after this time, please call ahead of time to arrange for access. (For directions, go

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-18915294711565451402011-04-26T04:47:00.000-07:002011-05-20T00:13:40.069-07:00

Excerpt:Short-term Compensation and Banking FailureA study of stock option transactions reveals a link between the financial institutions most battered by the crisis and sales of shares by CEOs and other executives.Title: Bank Executive Compensation and Capital Requirements Reform (PDF)Authors: Sanjai Bhagat (University of Colorado at Boulder) and Brian Bolton (University of New Hampshire)"This

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-11389500820150082362011-04-24T11:41:00.000-07:002011-04-24T11:51:56.108-07:00

I would like to share the following that was sent to me…. for a more “legal” perspective about agreements such as the Landsafe Agreement…. Hope this helps!I have added some on my own comments in parentheses and italics…."This contract taken in totality is likely not enforceable because the effect of its terms is overly oppressive and does not create for even bargaining positions, but rather

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-85019599184233664102011-04-24T11:35:00.000-07:002011-04-24T11:39:28.125-07:00

Ok, here is my “two-and-a-half cents” take on this, based on a very quick overview of this “agreement”:First and foremost, entities such as Landsafe represent large corporations, and are operating and developing complex internal controls and procedures consistent with large, bureaucratic companies. Thus, LOTS of “legalese” and layers of controls, perhaps – at least to some extent – not even

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-30355046478953066302011-04-24T10:01:00.000-07:002011-05-20T00:17:20.516-07:00

Landsafe at it again. Looks like we need attorneys like they have.It appears there is an indemnity clause that our law will not allow once it goes into effect. Why do appraisers sign this crap and work for these people? Why can’t they just say no?Respectfully,Michael Imes, IFA[Ed. - The contract, in all its rapacious, predatory glory, is posted here.]

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-57159434437996868312011-04-24T09:52:00.000-07:002011-04-24T11:56:58.580-07:00

. Recently, LandSafe released its latest “Appraisal Service Agreement,” which requires signatures from LandSafe appraisers. This 21 page document goes further than ever before in its attempt to get LandSafe appraisers to willingly agree to certain terms and conditions. The agreement includes, but is not limited to, terms regarding representations and warrantees of the appraiser,

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com2tag:blogger.com,1999:blog-6873765078873839435.post-66036902219898001552011-04-21T13:39:00.000-07:002011-04-24T14:07:03.085-07:00

AMCs, Banks May Be Misinterpreting “Customary and Reasonable”: Fed StaffExcerpted from the Appraisal Institute."Some banks and appraisal management companies may be misinterpreting Presumption 1 of the Federal Reserve’s Interim Final Rule “customary and reasonable” fee language, the Fed’s staff said April 10 at the Association of Appraiser Regulatory Officials spring conference in San Antonio."..

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com1tag:blogger.com,1999:blog-6873765078873839435.post-75251802414401798842011-04-21T02:23:00.000-07:002011-04-24T14:37:06.373-07:00

[Ed. - This is a post from AI Forum, submitted (with his commentary in blue) by Michael R. Cartwright, CMA, RPG, C/QP.]My goodness, what a misleading headline that is after perusing this 'news' item."The U.S. Senate Permanent Subcommittee on Investigations released a 650-page report April 13 that included a case study on Washington Mutual’s failure, highlighting the role of unsound appraisal

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-28735299549505104062011-04-20T13:29:00.000-07:002011-04-24T13:33:49.063-07:00

A "Customary and Reasonable" appraisal fee is the fee the borrower paid for the appraisal service. Not the fee from the appraiser's fee schedule, but the "appraisal fee" the borrower/buyer paid.This fee is always specifically identified on the HUD-1, a Federally required form, as "the appraisal fee." [Ed. - Line 804]So the fees are already known and the market has been paying them, and the market

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-53331013749248660832011-04-18T22:01:00.000-07:002011-04-18T22:02:06.529-07:00

Hello everyone:I just heard from ACOW's lobbyist, TK Bentler, that the Senate Ways & Means Chief of Staff just said that appraisers are out of the bill and that the language was fixed!!! Great job to all who contacted your legislators. We really hit this hard from both the legislative side and the policy side (due to the language being left in error) and all of our efforts paid off!Thanks again

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-75788320274701767452011-04-13T16:40:00.000-07:002011-04-13T16:41:38.309-07:00

Board of Directors Meeting – Preliminary AgendaThursday, April 18, 2011, 6:00 p.m. – Please Plan to Begin PromptlyLamb Hanson Lamb Office – Seattle4025 Delridge Way SW, Suite 530Seattle, WA 98106 (206.903.1500)

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-72189194707615566182011-04-12T20:31:00.000-07:002011-04-12T20:37:05.803-07:00

To all Washington State Appraisers:Please contact the State Senator below TODAY to let them know wording in the House budget bill is incorrect. Voting on this will be this afternoon (due to a glitch with the ACOW servers, this is going out later than hoped for). Do so even if you are NOT in their legislative district. Just click on the e-mail link with their name below, or call their

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-85762125426035672322011-04-11T17:56:00.000-07:002011-04-11T17:57:10.969-07:00

Regarding a recent email: "Maryland Appraiser Union Joins American Guild of Appraisers/OPEIU"Any "unionization" attempted by appraisers will not survive a legal challenge.Appraisers cannot unionize because it would be a violation of the Sherman Anti-Trust Act. Appraisers are independent contractors, and any discussion of setting uniform or baseline fees is price-fixing, and therefore

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com7tag:blogger.com,1999:blog-6873765078873839435.post-68894643111251660132011-04-11T17:38:00.000-07:002011-04-11T17:44:09.602-07:00

There are a number of emails circulating regarding the issue of "Customary and Reasonable" fees, and the topic is becoming more indistinct with the aggregation of opinions.1. The "Part 1 Provision" that AMCs and CoreLogic are talking about is a misrepresentation. AMCs must be in compliance with all 6 parts of the presumption, or they are not in compliance at all. They cannot break out one or

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-64489354775879165302011-04-08T14:46:00.000-07:002011-04-08T14:47:52.502-07:00

ACOW, the Appraisers’ Coalition of Washington, is your statewide organization for all appraisers. ACOW’s primary purpose is to monitor the state legislature with our paid lobbyist for any activity affecting our profession. This happens more frequently than you may know. The secondary purpose is to hold an annual event where several state approved CE seminars are presented over two days. This

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-17768206213502385122011-04-08T11:27:00.000-07:002011-04-09T11:28:54.886-07:00

Excerpted from this article by Peter Christensen"… No one can deny that appraisers, and the AMCs and lenders who hire them, are the subject of record levels of appraisal liability claims. The most frequent source of claims as a group continues to be financially troubled borrowers, who collectively account for more than 50% of appraisal-related claims, and the single biggest source of claims

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com1tag:blogger.com,1999:blog-6873765078873839435.post-26424664328323388832011-04-07T06:47:00.000-07:002011-04-07T06:50:43.811-07:00

Board of Directors Meeting – Preliminary AgendaThursday, April 14, 2011, 6:00 p.m. – Please Plan to Begin PromptlyLamb Hanson Lamb Office – Seattle4025 Delridge Way SW, Suite 530Seattle, WA 98106 (206.903.1500)For the Lamb Hanson Lamb Office, the building elevators close at 5:30pm; for the Lamb Hanson Lamb offices at 5:30pm.If attending and plan to arrive after this time, please call ahead of

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-43955534724191608112011-04-05T13:56:00.000-07:002011-04-05T13:57:11.823-07:00

MARCH 30, 2011By Jessica Holzer Of DOW JONES NEWSWIRES WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted unanimously Wednesday to issue draft proposals forcing firms that package loans and other assets into securities to hold a portion of the credit risk on their balance sheets. The "risk-retention" rules, mandated by the Dodd-Frank financial law, will hit every corner of the

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-69487663972742973832011-04-05T13:46:00.000-07:002011-04-05T13:47:34.563-07:00

I have just been notified there is a provision in the new budget which will raise appraiser licensing fees. ACOW is working on it. If you object to this provision, you should get a note off to your reps ASAP. You need to also be calling both the House and Senate Ways & Means Committee to oppose.http://leap.leg.wa.gov/leap/Budget/Detail/2011/HOBill0404.pdfRespectfully,Michael Imes, IFA

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-89178301768399200982011-04-03T13:59:00.000-07:002011-04-05T14:03:16.189-07:00

BV firms seeing more fee pressure from law firms It’s a sentiment offered by a number of BV (Business Valuation Resources) firm insiders who completed our short survey on law firm clients. The respondents also indicated that law firms are getting worse at explaining the scope and legal issue of the engagement.These trends indicate a need to educate your attorneys. Don’t take on a litigation

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-88194117491609410282011-04-01T09:03:00.000-07:002011-04-05T13:54:03.375-07:00

Guess what day it is? That is correct, DF is now in effect. Granted there is still a lot of legal rambling out there, but now is the time for all of you to stand up and be heard! Below Valocity has sent out a notice that pretty much says you aren’t in control, they area. Well…Blahh Blahh Blahh.When is everyone just going to say, “no”? If we all did, they would be forced to play by our rules.

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-41223733494935122672011-03-31T13:57:00.000-07:002011-04-05T13:58:40.868-07:00

CoreLogic reported that the residential shadow inventory as of January has declined to 1.8 million units. This represents a nine-month supply that can only slightly be treated via modification and short sales.The number was calculated by including the number of distressed properties not listed on MLS that are seriously delinquent, in foreclosure, or REOs. Transition rates are used to determine

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-86096365961128395132011-03-31T13:37:00.000-07:002011-03-31T13:40:07.243-07:00

Appraiser CE Instructors:ACOW is looking for several CE instructors and topics for the Aug. 2011 ACOW at the Summit.Contact Dave Towne at 360-708-1196 or dtowne at fidalgo dot net

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-51352784405927234372011-03-21T07:56:00.001-07:002011-03-21T07:56:55.983-07:00

When Attorney D. Charles Mauritz’ (Duffy Kekel LLP) spoke in BVR’s conference room last Friday at NACVA’s local chapter meeting, he placed a heavy emphasis on the most valuable contribution a valuation expert brings to the table—an opinion. Mauritz reiterated the all-to-familiar phrase that valuation is “more art than science,” and that it’s the appraisers who produce reports that are more

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-66308503726305387982011-03-18T10:27:00.000-07:002011-03-18T10:30:03.847-07:00

CE Seminar in Spokane to Support the Appraisers’ Coalition of WashingtonLoss Prevention Program for Real Estate AppraisersApril 30, 2011, 8:30 a.m. to 12:30 p.m.Red Lion Hotel at the Park, 303 West North River Drive, Spokane, WAFree for appraisers who (1) join ACOW after February 25, 2011 or, if already an ACOW member, make a $20 donation, and (2) register with READIApproved for 4 Hours CE Credit

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com8tag:blogger.com,1999:blog-6873765078873839435.post-78659562714379927932011-03-06T19:08:00.000-08:002011-03-06T19:19:39.944-08:00

."In Harold H. Huggins Realty, Inc., P.E. Turner & Company, LTD., Residential Appraisal and Consulting, Inc. and Alfonoso V. Torres doing business as Front Door Appraisals vs. FNC, Inc., a trio of appraisers filed a federal class action lawsuit against the technology firm seeking damages for negligent misrepresentation, misappropriation, breach of implied contract and other charges.""As with any

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-24189547192125411472011-03-06T18:50:00.000-08:002011-03-06T18:51:58.098-08:00

The Fourth Quarter 2010 FDIC State Profiles are now available on-line. The FDIC State Profiles are formatted as a quarterly data sheet summation of economic and banking conditions for all fifty states, Puerto Rico, and the Virgin Islands . They are available in PDF format.http://www.fdic.gov/bank/analytical/stateprofile/index.html

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-87261274038023275422011-03-03T05:30:00.000-08:002011-03-06T19:37:34.576-08:00

Excerpted from: Appraisal Buzz Author: Steve Papin"Second only to fee erosion, “scope creep” is the current scourge of the appraisal industry. Over recent years report content has expanded. Appraisers are ready, willing, and able to write longer and stronger reports, but compensation has not kept up with increased report writing time. Scope creep is additional assignment conditions requested

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-42815790035784764322011-03-01T19:03:00.000-08:002011-03-06T19:33:12.141-08:00

From "The Collateral Vision:""Again, the Interagency Appraisal and Evaluation Guidelines are effective right now. Again, as with any regulation, you need to read it for yourself and make your own decisions about how you and your organization will comply. Click here for a copy of the Interagency Appraisal and Evaluation Guidelines.As always, FNC tries to help keep everyone informed on every change

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-62698764192833352612011-02-28T07:20:00.000-08:002011-03-06T19:29:09.746-08:00

.From Freddie Mac:"New and Updated Resources Available to Help with Implementing the Uniform Appraisal Dataset""To help prepare your underwriting and property valuation staff, as well as the appraisers you work with, the following new and updated resources are now available on FreddieMac.com: * New Using the Uniform Appraisal Dataset Tutorial and Interactive Reference Manual: This helpful

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-19610569914663755752011-02-23T10:18:00.000-08:002011-02-23T10:20:44.632-08:00

Forget a courting period. Those who want to buy the assets of a failed bank need to get to the altar fast to clinch their union. The entire process — from the time the Federal Deposit Insurance Corp. (FDIC) releases information on a failed bank buying opportunity until the closing is finalized — is over in just four to five weeks. That is why potential buyers, mainly existing banks, must have

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-59236275285358864462011-02-21T09:25:00.000-08:002011-02-21T09:27:51.664-08:00

.NOTICE for 2011 NAIFA Instructors' ClinicApril 15 and 16, 2011First Year/New Instructors: April 14thRegistration is now available for the 2011 Instructors' Clinic. Training for new instructors will be held from 3 pm to 9 pm on Thursday, April 14th. Experience instructors, new instructors who have completed Thursday's program and those who have attended Instructor Clinics previously will have

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-88508059462384408632011-02-21T09:21:00.000-08:002011-02-21T09:24:25.282-08:00

Warning, bad AMC. Remember folks, you get what you pay for. How much is your liability worth? Take back control of YOUR industry! Soon Customary and Reasonable might actually mean something to some.Respectfully,Michael Imes, IFAFrom: Momentum Order Inquiries [mailto:inquiries@momentumweb.com]Sent: Thursday, February 17, 2011 1:12 PMTo: michael@appinc.netSubject: Appraisal Inquiry / 3332 East

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-41809224587966341192011-02-04T21:00:00.000-08:002011-02-04T21:00:01.555-08:00

State Appraisal Coalitions: Leave Your Ego at the Door and Unite with other Appraisers!Excerpt:"Up in the Pacific Northwest, an ill-advised scheme was afoot. Residential builders in Washington state were working hard to persuade the legislature there to require “green” continuing education (CE) for all appraisers, regardless of whether an appraiser works on such appraisals. Every appraiser there

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-28531576041388213832011-02-04T20:07:00.000-08:002011-02-04T20:20:22.646-08:00

.From Michael Imes:The article link below is about state coalitions and their efforts around the country; this is in the LiveValuation magazine that was sent out this week.ACOW's efforts are the lead-in to the story in the article and we are referenced throughout the article.http://www.livevalmag.com/articles/february-2011/342-state-appraisal-coalitions.Justin Slack's comments:While I think we

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com1tag:blogger.com,1999:blog-6873765078873839435.post-73167728325037759352011-02-04T07:00:00.000-08:002011-02-04T07:00:17.690-08:00

.I personally love this essay, which equates the idiocy of the TSAs "kindergarten threat management" to the business model of AMCs which claim to offer vetting services to lenders, while in fact doing nothing of value at all.Reactionary Insanity – Fighting the Last War .

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-27062724616670538352011-02-03T20:26:00.000-08:002011-02-03T20:28:41.984-08:00

."The Appraisal Institute released five of its publications in the electronic book format through Amazon.com on Dec. 15, offering readers multiple ways and price points at which to access the books' contents. The electronic offerings - ranging in price from $9.99 to $14.29 - include three of AI's latest titles and two other seminal works." eBooks available from AI or Amazon:"Appraising the

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-7022867054923603142011-02-03T18:36:00.000-08:002011-02-03T18:42:46.946-08:00

Great article by Richard Hagar, SRA, in Appraisal Buzz:"Functional obsolescence is the reason many appraisers are going out of business. On a daily basis, appraisers moan: "It's because of the HVCC that my business is down" or " that AMC or X or Y or Z caused my income to decline." Really? Are you sure? So, why is my company buried in business and you're not?""Appraisers often tell me ....

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-39011782701298553372011-02-03T17:40:00.000-08:002011-02-03T18:49:26.310-08:00

."Home prices were down in 16 of the 20 MSAs compared to a year ago, with just Los Angeles, San Diego, San Francisco and Washington, D.C., showing increases. On a month-to-month comparison in the 20-city composite, 19 of 20 had home price declines with only San Diego recording a scant 0.1% increase.Nine markets - Atlanta; Charlotte, N.C.; Chicago; Detroit; Las Vegas; Miami; Portland, Ore.;

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-36721064998341445162011-02-01T22:54:00.000-08:002011-02-04T20:01:23.183-08:00

The Washington State Legislature is having a public hearing tomorrow morning, Febuary 2nd, regarding HB 1371 (the elimination of the Washington Real Estate Appraiser Commission, amongst others).An ACOW representative will be providing testimony requesting that the REAC be redacted from this bill.ACOW has been successful in the last two legislative sessions pertaining to the elimination of the

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com1tag:blogger.com,1999:blog-6873765078873839435.post-90260849330221068652011-01-27T22:22:00.000-08:002011-01-27T22:23:25.746-08:00

.We have a membership drive going for ACOW. We need a volunteer or two to call individual appraisers and talk to them about ACOW and try to drum up some more membership, so we have someone representing us in Olympia. If you would like to help in this effort, please let me know and I will get you the list and instructions.Respectfully,Michael Imes, IFA.

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-32804752577986101692011-01-27T22:19:00.000-08:002011-01-27T22:20:31.261-08:00

Good afternoon, In December all Seattle Chapter members were sent by mail and e-mail a letter and assessment invoice for their payment of ACOW 2011 dues. To date 17% of Seattle Chapter members have contributed. We need 100% participation from you in order to keep ACOW a strong and active presence in Olympia.“ACOW plays a vital role in Washington State appraisal politics,” says ACOW President

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-77456362462722277902011-01-27T21:00:00.000-08:002011-01-27T21:01:44.632-08:00

.LIA Claim Alert: Three easy steps to reduce your liability:http://www.liability.com/images/claimalert/claimaltertpdf/Claim_Alert_Jan._2011.pdf.

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-81967478308064843442011-01-27T13:59:00.000-08:002011-01-27T14:06:01.220-08:00

Washington State’s New AMC Law – RCW 18:310What Are Your Peers Doing?Class DescriptionAMC: The participant will be informed of the history, writing, activity, that brought about the law. Now that the law is passed, the participant will be given the details of the law and what they should be aware of. A discussion and Q&A portion will also be included at the end with inclusion of the Dodd‐Frank

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com3tag:blogger.com,1999:blog-6873765078873839435.post-18106693174619828262011-01-27T13:52:00.000-08:002011-01-27T13:53:51.313-08:00

Webinar is TOMORROW - register now! On December 17, Fannie Mae and Freddie Mac announced a new loan initiative that will require that all appraisal reports on loans for sale to government-sponsored enterprises (GSEs) be delivered consistently with an appraisal dataset and through a data portal. Under the new loan initiative, the GSEs will require that all appraisers provide more complete

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0tag:blogger.com,1999:blog-6873765078873839435.post-67980209113805351632011-01-25T00:01:00.000-08:002011-01-25T00:06:02.030-08:00

1/20/2011 Appraisal Complaint National Hotline Click here to view the ASC Press Release regarding an appraisal complaint hotline as prescribed in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010.12/14/2010 Voluntary Disciplinary Sanction Matrix Click here to view a voluntary disciplinary sanction matrix. This is voluntary guidance intended to assist state appraiser

Michael Taborhttp://www.blogger.com/profile/13652915447715411288noreply@blogger.com0