19th December 2010

Appraisal Management – Is it Working For Today’s Appraiser?

While appraisal management is not a new concept, the change in the laws that forced their use has caused much speculation about their use, both for appraisers and lenders alike, but for completely different reasons.

Appraisers have several gripes about the appraisal management process and implementation. The first of which is the ethics of the management firms. Conditions have improved for the appraiser, but many are still upset about unfair pay splits, difficulty in getting jobs and the time frame that the firms require to have the job completed.

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19th December 2010

Hiring a Licensed Home Appraiser

ORDERING AN OFFICIAL REAL ESTATE APPRAISAL

Part of the home buying process might include ordering an official appraisal to help place an appropriate worth on the property you are thinking of buying. The property appraisal will be conducted by a licensed appraiser in your area.

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19th December 2010

Eminent Domain Law: Selecting an Appraiser and Using Other Experts

In eminent domain cases, the condemning authority must offer what they believe is a fair amount for your property, as determined by their appraiser. Be aware, however, that this value might not be accurate. The appraiser hired by the condemning authority will use methodology that benefits its client, which will likely result in an offer that is favorable to the condemning authority, not the property owner.

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