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In August of 2023 Cindy Chance was named the new CEO of the Appraisal Institute. About a year later, in September 2024 John Udelhofen was named as interim CEO, replacing Ms. Chance. So in one short year, Ms. Chance was out. What did she do to be terminated so quickly? The A.I. board that…
The Appraisal Institute 2021 Annual Conference was held in Orlando, Florida from August 7 – 11 at the JW Marriott Grande Lakes. A.I. President Rodman Schley, MAI SRA opened the meeting and noted that the residential appraisal community is under fire, in particular from the Brookings Institute. The Brookings Institute believes that appraisals, along…
Home appraisals can be difficult to read and interpret, unless you know about the codes appraisers use on their appraisal form. This article will help you decipher what the appraiser is telling your lender about your home. UAD Codes used by Appraisers UAD is an acronym that stands for Universal Data Set, and is…
The Appraisal Foundation (TAF) was created after the Savings and Loan’s cratered in the 1980’s. The Reagan administration deregulated banks and S&L’s, which allowed S&L’s to offer commercial real estate loans. Before deregulation, S&L’s were primarily residential mortgage lenders, and they were very good at it, accumulating billions of dollars in residential loans. When…
Before the 1980’s, anyone could be a real estate appraiser simply by saying that you were an appraiser. There were no licensing requirements. And oddly enough, even though there was little to no regulation, the profession as a whole flourished, and was self policing. It was self policing in that professional appraisal organizations trained…
Owning a home is part of the American dream, and it is often good for the buyer, and good for local, state, and national government. Home ownership can give people a reason to be more involved in the community, and to assist in shaping their identity. Home buying is the single largest financial investment…
The United States is the world’s largest economy. It can be and has been brought to its knees on many occasions throughout history by real estate loans. As the US rode thru these cycles of real estate boom and bust, it was gradually seen as good business practice to have an impartial third party…