‘Legal’ Posts

 

Appraisal Issues: Handling Unacceptable Instructions from Your Client

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This article was originally printed in the April 2014 edition of Appraisal Today, “Handling “instructions” to not make time (market conditions) adjustments without losing your client”   by Joshua Walitt     A few months ago, I posted to my blog several sample “instructions” I received from lenders, one of them telling me to remove a […]

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Reasons Real Estate Agents Order Appraisals

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I talk with real estate agents almost every day. Sometimes I’m asking them questions about a property that sold which I’m considering using as a comp or I’m teaching a class on appraisals to lenders and realtors. Other times they’re calling me asking about various appraisal procedures or if I can do an appraisal for […]

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Appraisals for Trusts, Estates and Probate

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Though much of my business comes from lenders and banks, I do a fair amount of valuation work for attorneys, CPA’s, trustees, executors, and estate planners. This often involves appraisals of real property related to setting up and administering Trusts, Estate planning, and settlement at the time of death or property tax assessments during the […]

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Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies

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Six agencies released a Joint Release “Agencies Issue Proposed Rule on Minimum Requirements for Appraisal Management Companies”. The release, and its attached Proposed Rule, list five AMC requirements that participating States must enforce, as well as six broad powers the States must have related to monitoring, disciplining, and reporting.     The Joint Release also points […]

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5 Guidelines to Hire the Right Real Estate Appraiser as an Expert Witness

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Many legal cases revolve around real estate. These cases can stem from disputes over jointly-owned real estate, tax issues, estates, probate, wills, and trusts just to name a few. Frequently, property valuations play a key role in these cases. Maybe it is a divorce or will, and one party is disputing the value of a […]

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