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Special Master Sale? What's this?

Discussion in 'General Appraisal Discussion' started by Jill Kinnaird, Nov 20, 2008.

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  1. Jill Kinnaird

    Jill Kinnaird Junior Member

    0
    Oct 6, 2005
    Professional Status:
    Certified General Appraiser
    State:
    Ohio
    While doing a bit of research I found a prior cash sale from an individual to a well known lender (whose intials begin with WF) for a single parcel transfer. The county auditor 'conditions of sale' notes it as being a 'Special Master Sale'. Have I been looking at the computer to long? Has my head cold finally won?

    What the blazes does 'Special Master Sale' mean? This is Hamilton County in beautiful Cincinnati, Ohio. Tom Fiehler, where are you when you're needed!
     
  2. Thomas Fiehler

    Thomas Fiehler Senior Member

    4
    Jun 2, 2003
    Professional Status:
    Certified General Appraiser
    State:
    Ohio
    I'm here-for what its worth! I've never heard of it. When I have questions, I send their office an email or just call them. They are likely closed for today but I have found them to be very helpful. If you need some grunt work (no comment from the Joker) I would be happy to help-tomorrow. Just let me know what you need.
     
  3. Hamlet

    Hamlet Elite Member

    0
    Aug 14, 2006
    Professional Status:
    Certified Residential Appraiser
    State:
    Ohio
    Jill,

    I've done some foreclosure appraisals for the US District Court. The attorney who is appointed is called the Special Master, so I would assume that is what you are looking at.
     
  4. Calvin the Airedale

    Calvin the Airedale Elite Member
    Gold Supporting Member

    0
    Aug 17, 2004
    Professional Status:
    Certified General Appraiser
    State:
    Ohio
    A judge has appointed a "special master" to oversee the disposition of an asset, a company or other complex legal remedy. The special master acts in a fiduciary capacity and is answerable to the judge.
     
  5. Jill Kinnaird

    Jill Kinnaird Junior Member

    0
    Oct 6, 2005
    Professional Status:
    Certified General Appraiser
    State:
    Ohio
    Isn't there some kind of PC law that says you're not allowed to have slaves and masters anymore? I'm sure I should know the answer to this being that I'm in one of the most conservative PC climates in the country.
     
  6. Mike Boyd

    Mike Boyd Elite Member

    0
    Jan 18, 2002
    Professional Status:
    Retired Appraiser
    State:
    California
    I believe the "Special Master" is like a trustee and acts in a neutral capacity.
     
  7. PropertyEconomics

    PropertyEconomics Elite Member

    1
    Jun 19, 2007
    Professional Status:
    Certified General Appraiser
    State:
    New Mexico

    Old terms dont, or shouldnt have to be changed because "young" people are offended by them. Everyone has adequately explained what a "Special Master" is ... no matter how the PC feel about the term. It is what it is.
     
  8. EVAUSA

    EVAUSA Junior Member

    0
    Jan 26, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    "special" = handicapped
    "master" = slave owner

    or: "handicapped slave owner", there you have it.
     
  9. Terrel L. Shields

    Terrel L. Shields Elite Member
    Gold Supporting Member

    952
    May 2, 2002
    Professional Status:
    Certified General Appraiser
    State:
    Arkansas
    Don't tell that to my transmission... My clutch has a slave cylinder and a master cylinder..
    :rof:
     
  10. Mike Kennedy

    Mike Kennedy Elite Member

    460
    Sep 28, 2003
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    http://mediate.com/articles/kellerc.cfm

    Special masters are a unique brand of dispute-resolver relatively unknown to many mediators, facilitators, and public officials. A special master is appointed by a judge to oversee one or more aspects of litigation. They may be appointed pre-trial, during trial, or post-trial. Despite their relative anonymity, such masters have been credited with some of the most creative and innovative conflict resolution within the history of the U.S. legal system.


    http://topics.law.cornell.edu/wex/Special_master
     
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