Rob Oryl's (valuationnation) Blog

There is new addendum available for 1004 reports which tracks market conditions. View it here:http://www.naifa.com/about/New_Form1004mc.pdfRumors are these addenda will be required on all residential reports as of April 2009. The addendum provides more specific/detailed information to the lender/...

The Housing and Economic Recovery Act of 2008 mandates:Appraisers of property insured by FHA must be certified by the state where the property is located, or by a nationally recognized professional appraisal organization, and have "demonstrated verifiable education" in FHA appraisal requirements....

Here is a link to every state's real estate appraisal board via the Appraisal Foundation:http://www.appraisalfoundation.org/s_appraisal/doc.asp?CID=14&DID=196The Appraisal Foundation is a not-for-profit organization designed to further the education and performance of valuations in the US.

the Appraisal Subcommittee (ASC): ensures appraiser competence, as well as, professional standards and ethics:http://www.asc.gov/The Appraisal Institute: devoted to the professional development of property economics:http://www.appraisalinstitute.org/about/The American Society of Farm Managers and...