Richard Glesser's (richardglesser) Blog

It's April 1st and the provisions of the Dodd Frank Financial Reform Act requiring local appraisers to be paid customary local fees has taken effect.  All orders from AMCs which were received today by my office included substantial fee increases making them equivalent to normal local fees! Well, ...

The new standardized requirements which will take effect next year are an attempt to force all appraisers to use the same rating system and verbage throughout each report.  All appraisers will need to purchase new software to conform and learn the new terminology.  Standard definitions will be pu...

Worthwhile holiday idea: If you still do Christmas cards (and if not, you can still buy one when out shopping), take one card and send it to this address:A Recovering American Soldierc/o Walter Reed Army Medical Center6900 Georgia Avenue, NWWashington, D.C. 20307-5001 If we pass it on and everyo...

It's 1:30 on Tuesday and I have a few more calls to make before I close it up until Monday.  Many of you have been in this as long as I have - 25+ years.  For the balance of this year, all are playing by my rules.  As I rushed to try to schedule my last appointments, what I've missed for all thes...

I received an assignment in a very rural area of Northern Michigan.  When visiting the property, the owners offered me a copy of a previous appraisal stating I was not their first choice of appraisers.  They proceeded to tell me the previous appraiser was contacted but told them he would be unabl...

With the enactment of HVCC a couple years ago, time was allowed for the industry to put in place provisions conforming to HVCC regulations, specifically that area which dealt with separation of loan officers and originators from appraisers.  The exact provision of HVCC stated that appraisals must...

With the enactment of HVCC a couple years ago, time was allowed for the industry to put in place provisions conforming to HVCC regulations, specifically that area which dealt with separation of loan officers and originators from appraisers.  The exact provision of HVCC stated that appraisals must...

Recently, BofA halted foreclosures nationwide recognizing errors in the process being used which approach criminal actions of forged documents and other improper actions.  As an appraiser, I must keep all files 5 years after completion and I know Realtors are under similar obligation.  Lenders ar...

Fed Ex delivered a letter today!  But first, the background: A couple years ago, my office called to collect on a 6 month past due invoice with one of the largest banks.  When they asked that we, yet again, send another invoice, we noted that it would include a late fee.  We were abruptly told th...

The recent passage of the financial reform bill includes provisions to impliment changes in the appraisal regulations which have hampered the process greatly since the start of HVCC.  This has made the appraisal industry the punching bag of this forum for the past year.  Now is your opportunity t...