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May Newsletter is up

Discussion in 'Illinois' started by Brian Weaver, May 2, 2011.

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  1. Brian Weaver

    Brian Weaver Senior Member

    5
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
  2. Midwest Guy

    Midwest Guy Senior Member

    0
    Dec 12, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Missouri
  3. Proactive

    Proactive Senior Member

    47
    Jan 15, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    Washington
    $25,000 fine plus revocation for failing to respond to the department? (Horton, page 9)

    You guys are tough! :icon_mrgreen:
     
  4. Brian Weaver

    Brian Weaver Senior Member

    5
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
    There's always a little more to it...but...the Board is sick and tired of the "if I don't respond...I win" crapola.
     
  5. ddnma

    ddnma Junior Member

    0
    Apr 4, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    When did these violations occur? It would be interesting to know the time period of the violation.
     
  6. BrianMasterson

    BrianMasterson New Member

    0
    Aug 28, 2010
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    Thanks for adressing the issue of "Geographic Competency." My most recent version of USPAP also omitted the mileage chart. Ironically, I received an e-mail from a well regarded local AMC requesting the following be included in future reports:

    A new lender requirement has been brought to our attention. Please add the following suggested certificate to your reports:

    “I hear by certify that I have been a state certified appraiser in Illinois for more than 5 years and my office, or home office, is located within 30 miles of the subject.”

    Since the HVCC I have been relegated to working out of my "home office" which happens to be located in Will County. My biggest client is a small lender that services only northern Cook and Lake Counties and employs me due to my familiarity with these areas. Hopefully this is a trend that won't catch on and further diminish our ability to earn a living.
     
  7. Brian Weaver

    Brian Weaver Senior Member

    5
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
    There are some appraisers who set up mail drops throughout a large area so that they can be "proximate" to various markets. Ridiculous.
     
  8. Tony Bamert

    Tony Bamert Junior Member

    2
    Jan 26, 2010
    Professional Status:
    Certified Residential Appraiser
    State:
    Illinois
    When you work rural downstate areas, it is riduculous. I am based on Champaign and can tell you that nearly every regular working appraiser in our area routinely goes more than 30 miles and are competent to do so. Wonder what they do in North Dakota.....
     
  9. Brian Weaver

    Brian Weaver Senior Member

    5
    Apr 16, 2005
    Professional Status:
    Gvmt Agency, FNMA, HUD, VA etc.
    State:
    Illinois
    They have the same problems. I hear about it.
     
  10. Mile High Trout

    Mile High Trout Elite Member

    24
    Feb 13, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    Colorado
    Another great news letter.
     
    Last edited: May 9, 2011
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