Thursday, October 7, 2010

Three New Articles for READI Members

There are three new articles for READI members at
"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 may email