Calling all DE appraisers!

[Riick]

^^ ED
"..who are your primary clients (of course... you don't need to name names... just types like attorneys, accountants, etc)? I don't have enough non-mortgage work to keep me busy yet."

When I said Mtg work, I ment Retail mtgs.
I do a lot of REO work both in PA and DE - have for years.
Also, until a mass layoff a few months ago, had my first "9-to-5" in in about 30years.
I Reviewed for one of the Big-10 Wholesale Lenders - who of course is in deep doo-doo right now.
(( Can you say: 580 FICO, 2 years in USA, Stated Income, 100% LTV & $350k 3yr ARM ?? -- I can, I saw them ....2-3-4 times a day. ))

Right now I'm slack, just some oddballs like a divorce, and a few orders from AMCs <sigh>.

Anyone here also liscensed in Maryland?
If so does TREND give adequate coverage for Cecil County ??

Who here works the Lower Two?
I had a request for Fenwick Island the other day, and no one I could refer it to.


Charlotte There are plenty of good prices in FL right now; I've literally heard prices are "in free-fall".
A friend who reviews REO appraisals for a Lender saw one Condo where REO value was minus 30% from acquisition in '05 and he agreed w/appraisal.
His boss said: You're sure? Down 30%?~!
Yes.
Where is it?
It's in Florida, a Condo.
Oh.... and a Condo. Yup!
--- BUT -- it sure hasn't bottomed yet, and RE taxes are 2.2% of acquisition $$, also check out Insurance costs too - somewhere close to 1%.
You can try this spot for some REO listings
http://apps.indymacbank.com/Individuals/Realestate/Search.asp

 

[444nutman]

44nutman, my wife and I go to Orlando every year and I completely agree with you that I hate the cold! Is there a warm, beachy location that her and I can move to that hasn't been blown away by over-inflation? If you find a place, let me know and I'm start packin'!

My fee will be some scrapple. You can not get any fresh here in FL. They only sell it frozen and it does not fry up right. It ends up mushy and I like it crispy. When I fly back I stick a couple pounds in my suitcase.

 

[Charlotte Dixon]

My fee will be some scrapple. You can not get any fresh here in FL. They only sell it frozen and it does not fry up right. It ends up mushy and I like it crispy. When I fly back I stick a couple pounds in my suitcase.

Sorry you missed the Apple Scrapple Festival in Bridgeville last week!

 

[Ron Mandato]

Good to see our small state now has it's own forum. That's great. I am down here in Sussex county and things are looking somewhat steady for the first time in a long time. More sales and less expired and withdrawn. Charlotte, good to see you hear. We have to get Charlie here as welll as the Directors of the DAA.

Ron Mandato
DAA, Board of Directors

 

[Charlotte Dixon]

Good to see our small state now has it's own forum. That's great. I am down here in Sussex county and things are looking somewhat steady for the first time in a long time. More sales and less expired and withdrawn. Charlotte, good to see you hear. We have to get Charlie here as welll as the Directors of the DAA.

Ron Mandato
DAA, Board of Directors

Thanks, Ron! Yes, the AppraisersForum is back in my life, and the extreme work load is taking a rest (along with the checks ) I'll e-mail you about the Board of Directors election coming up.

 

[Financially Feasible]

Riick,I am certified in MD and I can say that Trend does not provide adequate coverage for Cecil County. In fact, the only coverage it does supply is some public tax record information. You cannot look up comps in Cecil County through Trend. MRIS is the MLS of choice in all of MD (I subscribe to it). Let me know if I can be of any help.Frank, is NJ's license renewal fee an annual one? I just got my invoice (although it conveniently didn't mention exactly how much the charge was). Did you say $600 for the license? It better not be an annual thing... in fact, I just used it to get my PA certification (which just came in today!!!) so I might renew once and then dump it if I don't get enough business. Besides, I'm only covering Salem and Gloucester counties so it's not like I'm going to hop all over the state. However, it does give me a good reason to write off any trips to AC as a business expense..... hmmmmm....

 

[Frank Lostracco]

Ed,
Yes, $600.00 but it is for 2 years, same as DE and PA. Not much work in Gloucester, and Salem Counties you may want to consider Camden County as well. I also cover PA, Delaware County seems to keep me busy.

 

[appraisalde]

Hello All,

I am new to the board and am located in Southern Delaware. Just got my Cert. Res. in December Looking forward to learning a lot here and meeting some new folks.

 

[Virgil Brown]

Like everyone else, business slowed down enough that I could spend time on line, good to see others, Virgilbrown@comcast.net. Do you people also belong to the Delaware Association of Appraisers?

 

[Financially Feasible]

Like everyone else, business slowed down enough that I could spend time on line, good to see others, Virgilbrown@comcast.net. Do you people also belong to the Delaware Association of Appraisers?

Virgil, I belong to the DAA but I'm sorry to say that I haven't been too active with the organization yet. The last meeting that I went to was at the Maple Dale CC and that was... oh... 6 months-ish ago. Wasn't there a meeting recently in Lewes?

Business had slowed down for me from the week before X-mas until this past Monday... I've already had my 11th order this week so it has been pretty hectic. It'll probably dry up next week. :laugh: