Thursday, October 7, 2010

Three New Articles for READI Members

There are three new articles for READI members at readimember.org:
"In recent months, we have received confidential reports of some AMC personnel instructing appraisers orally and in writing that they must deliver forensic review appraisals with . . ."
"In a few cases, it appears that the FDIC’s fact checking has been really bad – as when the FDIC recently sued an appraiser about appraisals which the appraiser contends were forged, along with a forged copy of his license attached to the reports . . ."
"In light of the trends we are seeing, we want to highlight here the importance of keeping your workfiles for longer than the minimum five-year period required by USPAP.  As real estate values have declined and loan defaults have remained high, we have experienced a significant number of claims about appraisals that are more than five years old . . ."
Appraisers who wish to register for free access to these articles on readimember.org may email info@readimember.org.