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Chief Appraiser Blog |
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Recent PostsArchivesCategoriesArchive for February, 2010It Is What It Is!Monday, February 22nd, 2010There's a phrase I hear people using a lot these days; "it is what it is". So what does that mean? Of course things "are what they are". It's really hard to argue with that kind of logic. I think we use this phrase when we feel like there's nothing we can do about something; [...] Releases, Readdressing, and New AssignmentsTuesday, February 16th, 2010Anyone who has been in the appraisal business for any length of time has had a call requesting a report be "transferred" to a new client by changing the name. This request, referred to as "readdressing" in USPAP, is not permitted. Simply changing the name does not change the original appraiser-client relationship and is considered [...] Appraiser Independence DayTuesday, February 9th, 2010This Sunday is Valentine’s Day but the following day, February 15, 2010 is appraisers’ independence day; at least as far as HUD is concerned. Mortgage letter 2009-28 was originally set to go into effect on January 1, 2010 but was postponed until February 15, 2010. This Mortgagee Letter, with the subject of Appraiser Independence, outlines [...] My New BlogTuesday, February 2nd, 2010Well, no surprise here, I was right about the reaction you get when you mention AVMs to a group of appraisers. After sending last week’s For What it’s Worth (FWIW) on AVMs, I received a throng of email. Most expressed an interest in the new pilot, some requested more information on how to prepare and [...] |
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