Michael Tipton
Senior Member
- Joined
- Sep 25, 2005
- Professional Status
- Certified Residential Appraiser
- State
- Florida
London,
It is your business decision on how to proceed with any new assignment with this client. My market in SW Florida is considered a declining market. OFHEO's HPI for the first quarter of 2008 reports a 12 month Housing Price decline of 17.45% for SFRs. I would not be inclined to offer a retrospective report at this time for the local market. Your market should aid in determining how you would proceed.
If my memory holds correct Governor Arnold "S" signed into law October 2007 Senate Bill 223. Article 7. Unlawful Influence of Appraisers may warrant a review.
It is your business decision on how to proceed with any new assignment with this client. My market in SW Florida is considered a declining market. OFHEO's HPI for the first quarter of 2008 reports a 12 month Housing Price decline of 17.45% for SFRs. I would not be inclined to offer a retrospective report at this time for the local market. Your market should aid in determining how you would proceed.
If my memory holds correct Governor Arnold "S" signed into law October 2007 Senate Bill 223. Article 7. Unlawful Influence of Appraisers may warrant a review.