LA Commercial
Appraiser,Commercial
Loan
Workout/Modification
Appraiser, c and i
appraiser, Probate and
estate, Trust Appraiser
Tax Appraiser, Property
TaxReal Estate
Appraiser Los Angeles,
Appraisal SERVICES:,
commercial appraisal la
appraisal institute,
Commercial Appraiser
Los Angeles, ,
Probate Appraiser,
Date of Death
Appraiser
Commercial Appraisal
Services, comp check,
value check, Real
Estate Appraiser Orange
Riverside Ventura San
Bernardino Counties,
find appraiser, find
real estate
appraiser, Forensic
Appraiser Los Angeles,
real estate appraiser los
angeles, Forensic
Appraisal, Commercial
appraisal Southern
California, LA
Commercial Appraiser,
Probate and estate,
Trust Appraiser
Tax Appraiser, Property
Tax
Real Estate Appraiser
Los Angeles, Real
Estate Appraiser,
Curtis-Rosenthal Inc.
real estate appraiser &
consultant, comercial
appraiser, Expert
Witness, Real Estate
consultant, LA, L.A.,
Southern California
commercial appraiser,
appraiser los angeles,
real estate appraiser,
condemnation appraiser,
Eminent Domain
appraiser appraisal,
inverse condemnation
appraiser, commercial
expert witness real
estate, ca commercial
appraiserreal property,
commercial appraiser,
commercial real estate,
Los Angeles, Estate ,
Probate, Trust, Tax, MAI
Appraiser, LA, L.A., real
estate land los angeles,
commercial real estate
inspectors, real estate
brokers, los angeles,
real estate appraiser,
Los Angeles, llp, mark
to marker, Land
Appraiser, Special
Purpose Property
Appraiser, Office
Property, Commercial
appraisal, Restaurant,
Apartment, VANDEMA,
Southern California
Commercial Real Estate,
Residential Appraiser,
Apartment
Appraiser,California
Appraiser,PMI Removal,
Certified General, Tax ,
Multi Family , Bank
appraisal
institute,Apraiser,
Commercial Apraiser,
millionaire services,
la commercial
appraiser, ca
commercial appraiser,
AREAS SERVED:
90001, 90002, 90003,
90004, 90005, 90006,
90007, 90008, 90009,
90010, 90011, 90012,
90013, 90014, 90015,
90016, 90017, 90018,
90019, 90020, 90021,
90022, 90023, 90024,
90025, 90026, 90027,
90028, 90029, 90030,
90031, 90032, 90033,
90034, 90035, 90036,
90037, 90038, 90039,
90040, 90041, 90042,
90043, 90044, 90045,
90046, 90047, 90048,
90049, 90050, 90051,
90052, 90053, 90054,
90055, 90056, 90057,
90058, 90059, 90060,
90061, 90062, 90063,
90064, 90065, 90066,
90067, 90068, 90069,
90070, 90071, 90072,
90073, 90074, 90075,
90076, 90077, 90078,
90079, 90080, 90081,
90082, 90083, 90084,
90086, 90087, 90088,
90089, 90091, 90093,
90094, 90095, 90096,
90097, 90099, 90101,
90102, 90103, 90174,
90185, 90189, 91331,
91335,, Probate
Appraiser, Date
of Death
Appraiser,
LA Commercial
Appraiser, Probate and
estate, Trust Appraiser
Tax Appraiser, Property
Tax, commercial
appraisal southern
california
Appraiser,Commercial
Loan
Workout/Modification
Appraiser, c and i
appraiser, Probate and
estate, Trust Appraiser
Tax Appraiser, Property
TaxReal Estate
Appraiser Los Angeles,
Appraisal SERVICES:,
commercial appraisal la
appraisal institute,
Commercial Appraiser
Los Angeles, ,
Probate Appraiser,
Date of Death
Appraiser
Commercial Appraisal
Services, comp check,
value check, Real
Estate Appraiser Orange
Riverside Ventura San
Bernardino Counties,
find appraiser, find
real estate
appraiser, Forensic
Appraiser Los Angeles,
real estate appraiser los
angeles, Forensic
Appraisal, Commercial
appraisal Southern
California, LA
Commercial Appraiser,
Probate and estate,
Trust Appraiser
Tax Appraiser, Property
Tax
Real Estate Appraiser
Los Angeles, Real
Estate Appraiser,
Curtis-Rosenthal Inc.
real estate appraiser &
consultant, comercial
appraiser, Expert
Witness, Real Estate
consultant, LA, L.A.,
Southern California
commercial appraiser,
appraiser los angeles,
real estate appraiser,
condemnation appraiser,
Eminent Domain
appraiser appraisal,
inverse condemnation
appraiser, commercial
expert witness real
estate, ca commercial
appraiserreal property,
commercial appraiser,
commercial real estate,
Los Angeles, Estate ,
Probate, Trust, Tax, MAI
Appraiser, LA, L.A., real
estate land los angeles,
commercial real estate
inspectors, real estate
brokers, los angeles,
real estate appraiser,
Los Angeles, llp, mark
to marker, Land
Appraiser, Special
Purpose Property
Appraiser, Office
Property, Commercial
appraisal, Restaurant,
Apartment, VANDEMA,
Southern California
Commercial Real Estate,
Residential Appraiser,
Apartment
Appraiser,California
Appraiser,PMI Removal,
Certified General, Tax ,
Multi Family , Bank
appraisal
institute,Apraiser,
Commercial Apraiser,
millionaire services,
la commercial
appraiser, ca
commercial appraiser,
AREAS SERVED:
90001, 90002, 90003,
90004, 90005, 90006,
90007, 90008, 90009,
90010, 90011, 90012,
90013, 90014, 90015,
90016, 90017, 90018,
90019, 90020, 90021,
90022, 90023, 90024,
90025, 90026, 90027,
90028, 90029, 90030,
90031, 90032, 90033,
90034, 90035, 90036,
90037, 90038, 90039,
90040, 90041, 90042,
90043, 90044, 90045,
90046, 90047, 90048,
90049, 90050, 90051,
90052, 90053, 90054,
90055, 90056, 90057,
90058, 90059, 90060,
90061, 90062, 90063,
90064, 90065, 90066,
90067, 90068, 90069,
90070, 90071, 90072,
90073, 90074, 90075,
90076, 90077, 90078,
90079, 90080, 90081,
90082, 90083, 90084,
90086, 90087, 90088,
90089, 90091, 90093,
90094, 90095, 90096,
90097, 90099, 90101,
90102, 90103, 90174,
90185, 90189, 91331,
91335,, Probate
Appraiser, Date
of Death
Appraiser,
LA Commercial
Appraiser, Probate and
estate, Trust Appraiser
Tax Appraiser, Property
Tax, commercial
appraisal southern
california
Copyright 2005, 2006 All Rights Reserved, Terms of Use
| The Harris Company, Real Estate Appraiser / Consultant 5780 West Centinela Avenue, Building 1, Suite 408 Los Angeles, California 90045 310.337.1973 harris_curtis@sbcglobal.net |
PIRS/ HARRIS COMPANY AND THE SCIENCE OF REAL ESTATE - PARTNERS
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| |
 |
| A Full Service Commercial Appraisal / Consulting Firm *Certified General Real Estate Appraiser (May Appraise Any Type of Real Estate) *Estate Tax Appraiser FHA Appraiser Inverse Condemnation / Forensic Appraiser *Trust Appraiser Property Tax Consultant -Residential Real Estate Appraiser- Multi Family (Apartment) Appraiser- Mark to Market Appraisal Services -Commercial Appraiser Los Angeles, Southern California- -Investment Property Appraiser- -Medical Office Property Appraiser- -Industrial Property Appraiser- -Special Purpose Property Appraiser- -Review Appraiser- *Discount Real Estate Broker (Total Commission 4%) *Real Property Inspector (ASTM E-2018-01 Protocol) FAS_141_142_157_FASB_APPRIASAL_APPRIASER Rehab/Remodel Consultant *HUD 203K Consultant |
| Client Services COMP OR VALUE CHECK COMMERCIAL PROPERTY "$575.00" Search Our Site Without Leaving Yours: Click Here For Code Desktop Appraisal (restricted -SFR ONLY)
|
| Los Angeles County Bar Association Appraisers and Forensic Experts Curtis D. Harris, BS, CGREA, REB |
| GOOGLE DESKTOP |
Commercial Appraiser Blog? (Archives) Residential Appraiser Blog
IT’S THE LAW-Designation Discrimination is Illegal [FIRREA, Sec. 564.6]: Professional
Association Membership: Membership in an appraisal organization: A State Certified
General Appraiser may not be excluded from consideration for an assignment for a
federally related transaction by virtue of membership or lack of membership in any
particular appraisal organization (Including the Appraisal Institute (AKA mai). It has come to our
attention that some of the links in our website have been compromised. This is
apparently an attempt by the Appraisal Institute and their members to hide the Truth from
the public. Please report any broken or misdirected links to cochise@justice.com
Commercial Loan Workout/Modification Appraiser,
COMMERCIAL LOAN MODIFICATION/WORKOUTS APPRAISER 1.
http://www.fdic.gov/news/news/financial/2009/fil09061a1.pdf
Policy Statement on
FDIC-Prudent Commercial Real Estate Loan Workouts
The financial regulators1 recognize that financial institutions face significant challengeswhen
working with commercial real estate (CRE)2 borrowers that are experiencing diminished operating
cash flows, depreciated collateral values, or prolonged sales and rental absorption
periods. While CRE borrowers may experience deterioration in their financial condition, many
continue to be creditworthy customers who have the willingness and capacity to repay their
debts. In such cases, financial institutions and borrowers may find it mutually beneficial to work
constructively together.
The regulators have found that prudent CRE loan workouts are often in the best interest
of the financial institution and the borrower. Examiners are expected to take a balanced
approach in assessing the adequacy of an institution’s risk management practices for loan
workout activity. Financial institutions that implement prudent CRE loan workout arrangements
after performing a comprehensive review of a borrower’s financial condition will not be subject
to criticism for engaging in these efforts even if the restructured loans have weaknesses that
result in adverse credit classification. In addition, renewed or restructured loans to borrowers
who have the ability to repay their debts according to reasonable modified terms will not be
subject to adverse classification solely because the value of the underlying collateral has declined
to an amount that is less than the loan balance.I. Purpose
This statement updates and replaces existing supervisory guidance to assist examiners in
evaluating institutions’ efforts to renew or restructure loans to creditworthy CRE borrowers.3 It
is intended to promote supervisory consistency, enhance the transparency of CRE workout
transactions, and ensure that supervisory policies and actions do not inadvertently curtail the
availability of credit to sound borrowers. This guidance addresses supervisory expectations for
an institution’s risk management elements for loan workout programs, loan workout
arrangements, classification of loans, and regulatory reporting and accounting considerations.
1 The financial regulators consist of the Board of Governors of the Federal Reserve System (FRB),
the Federal
Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office
of the
Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), and the Federal
Financial Institutions
Examination Council (FFIEC) State Liaison Committee (collectively, the regulators).
2 Consistent with the FRB, FDIC, and OCC joint guidance and the OTS guidance on
Concentrations in CommercialReal Estate Lending, Sound Risk Management Practices (December
2006), CRE loans include loans secured by
multifamily property, and nonfarm nonresidential property where the primary source of repayment is
derived from
rental income associated with the property (that is, loans for which 50 percent or more of the
source of repayment
comes from third party, nonaffiliated, rental income) or the proceeds of the sale, refinancing, or
permanent financing
of the property. CRE loans also include land development and construction loans (including 1- to 4-
family
residential and commercial construction loans), other land loans, loans to real estate investment
trusts (REITs), and
unsecured loans to developers. For credit unions, “commercial real estate loans” refers to “member
business loans,”
as defined in Section 723.1 of the NCUA Rules and Regulations, secured by real estate.
3 This statement replaces the Interagency Policy Statements on the Review and Classification of
Commercial Real
Estate Loans (November 1991) and Review and Classification of Commercial Real Estate Loans
(June 1993).
Page 2 of 33
The statement also includes references and materials related to regulatory reporting,4 but it does
not change existing regulatory reporting guidance provided in relevant interagency statements
issued by the regulators or accounting requirements under generally accepted accounting
principles (GAAP). These general principles also could apply to commercial loans that are
secured by real property or other business assets of a commercial borrower.
C. Assessing Collateral ValuesAs the primary sources of loan repayment decline, the importance of
the collateral’s
value as a secondary repayment source increases in analyzing credit risk and developing an
appropriate workout plan. The institution is responsible for reviewing current collateral
valuations (i.e., an appraisal or evaluation) to ensure that their assumptions and conclusions are
reasonable. Further, the institution should have policies and procedures that dictate when
collateral valuations should be updated as part of its ongoing credit review, as market conditions
change, or a borrower’s financial condition deteriorates.
For CRE loans involved in a workout situation, a new or updated appraisal or evaluation,
as appropriate, should address current project plans and market conditions that were considered
in the development of the workout plan. The consideration should include whether there has
been material deterioration in the following factors: the performance of the project; conditions
for the geographic market and property type; variances between actual conditions and original
appraisal assumptions; changes in project specifications (e.g., changing a planned condominium
project to an apartment building); loss of a significant lease or a take-out commitment; or
increases in pre-sales fallout. A new appraisal may not be necessary in instances where an
internal evaluation by the institution appropriately updates the original appraisal assumptions to
reflect current market conditions and provides an estimate of the collateral’s fair value for
impairment analysis.9
The market value in a collateral valuation and the fair value in an impairment analysis are
based on similar valuation concepts. However, the market valuation may differ from the
collateral’s fair value for regulatory reporting purposes. For example, differences may result if
the market value and the fair value estimates are determined as of different dates or the fair value
estimate reflects different assumptions than those in the market valuation. Such situations may
occur as a result of changes in market conditions and property use since the “as of” date of the
appraisal.
9 According to the FASB ASC Master Glossary, “fair value” is “the price that would be received to
sell an asset or
paid to transfer a liability in an orderly transaction between market participants at the measurement
date.”
Page 6 of 33
The documentation on the collateral’s market value should demonstrate a full
understanding of the property’s current “as is” condition (considering the property’s highest and
best use) and other relevant risk factors affecting value. Collateral valuations of commercial
properties typically contain more than one value conclusion and could include an “as is” market
value, a prospective “as complete” market value, and a prospective “as stabilized” market value.
The institution should use the market value conclusion (and not the fair value) that
corresponds to the workout plan and the loan commitment. For example, if the institution
intends to work with the borrower to get a project to stabilized occupancy, then the institution
can consider the “as stabilized” market value in its collateral assessment for credit risk grading
after reviewing the reasonableness of the appraisal’s assumptions and conclusions. Conversely,
if the institution intends to foreclose, then the institution should use the fair value (less costs to
sell) of the property in its current “as is” condition in its collateral assessment.
Examiners will analyze collateral values based on the institution’s original appraisal or
internal evaluation, any subsequent updates, additional information, and relevant market
conditions. An examiner should review the appropriateness of the major facts, assumptions, and
valuation approaches in the collateral valuation and in the institution’s internal credit review and
impairment analysis.
If weaknesses are noted in the institution’s supporting documentation or appraisal or
evaluation review process, examiners should direct the institution to address the weaknesses,
which may require the institution to obtain a new collateral valuation. However, if the institution
is unable or unwilling to address these deficiencies in a timely manner, examiners will have to
assess the degree of protection that the collateral affords in analyzing and classifying a credit.
This may result in examiners making adjustments, if applicable, to the collateral’s value to
reflect current market conditions and events. When reviewing the reasonableness of the facts
and assumptions associated with the value of an income-producing property, examiners should
evaluate:
• Current and projected vacancy and absorption rates
• Lease renewal trends and anticipated rents
• Effective rental rates or sale prices, considering sales and financing concessions
• Time frame for achieving stabilized occupancy or sellout
• Volume and trends in past due leases
• Net operating income of the property as compared with budget projections, reflecting
reasonable operating and maintenance costs
• Discount rates and direct capitalization rates (refer to Attachment 3 for more
information)
Page 7 of 33
Assumptions, when recently made by qualified appraisers (and, as appropriate, by the
institution) and when consistent with the discussion above, should be given a reasonable amount
of deference by examiners. Examiners also should use the appropriate market value conclusion
in their collateral assessments. For example, when the institution plans to provide the resources
to complete a project, examiners can consider the project’s prospective market value and the
committed loan amount in their analysis.
Examiners generally are not expected to challenge the underlying valuation assumptions,
including discount rates and capitalization rates, used in appraisals or evaluations when these
assumptions differ only in a limited way from norms that would generally be associated with the
collateral under review. The estimated value of the underlying collateral may be adjusted for
credit analysis purposes when the examiner can establish that any underlying facts or
assumptions are inappropriate or can support alternative assumptions.
Many CRE borrowers may have other indebtedness secured by other business assets such
as furniture, fixtures, equipment, inventory, and accounts receivable. For these commercial
loans, the institution should have appropriate policies and practices for quantifying the value of
such assets, determining the acceptability of the collateral, and perfecting its security interest.
The institution also should have appropriate procedures for ongoing monitoring of the value of
its collateral interests and security protection.
What, in the world, are they Doing wRONG? Appraisal Institute suffers another loss! "AI commercial
database bites the dust." Appraisal Institute (AI) will be closing down the AI Commercial Database
on November 1, 2005.
(Real Estate Appraiser Los Angeles, Commercial Appraisal Services, millionaire services, Real
Estate Appraiser, Real Estate Appraiser Los Angeles, find appraiser, find real estate appraiser,
Real Estate Appraiser Orange Riverside Ventura San Bernardino Counties, commercial appraisal
la, ca commercial appraiser, Probate Appraiser, Date of Death Appraiser, LA Commercial
Appraiser, Probate and estate, Trust Appraiser
Tax Appraiser, Property Tax, commercial appraisal Southern California, c and i appraiser )
THE CALM BEFORE THE STORM!
Appraisal Institute's (mai) Top Dog (John Ross, CEO) Jumps Ship
Ross: "After nine years with the organization, I feel that the timing is good for me to explore
other opportunities."
Ross: "I’d like to see the organization (the appraisal institute) strengthen its ties with the
academic community. The profession needs to focus now on developing more theoretically based
tools and on things like behavioral finance and economics – which is ultimately what dictates the
operation of markets. I’ve often stated that the mark of any profession is in the development of new
theory, and in my estimation there have been few, if any, advances in this regard in the
appraisal profession for the last 25 years or more. I’d like to see the Appraisal Institute more
involved in some way in such thought creation."
Are predetermined Appraisal ADJUSTMENTS Legal/Ethical? Please see attached
Predetermined adjustments provided by Curtis - Rosenthal, Inc. (MAI Appraiser Los
Angeles) LLC. an MAI Firm. You be the judge and get back with us or call them for this
years update. If your property was acquired by the Los Angeles World Airport (LAWA) you
had better read this!
"Posted by Appraisal Police on July 10, 2006 at 00:33:42:
In Reply to: Predetermined Adjustments posted by Cochise on July 09, 2006 at 19:26:17:
Fannie Mae Single Family Selling Guide
Part XI: Property and Appraisal Guidelines
XI, Chapter 4: Reviewing the Appraisal Report (11/08/04)
XI, 406: Sales Comparison Approach to Value (01/31/06)
XI, 406.03: Adjustments to Comparable Sales (06/30/02)
Each comparable sale that is used in the sales comparison approach to value must be analyzed for
differences and similarities between it and the property that is being appraised. The appraiser must
base his or her analysis and any adjustments to the comparable sales on the market data for the
particular neighborhood and for competing locat1ons—not on predetermined or assumed dollar
adjustments. If an appraiser's adjustments to comparable sales (or the reconciliation of the
comparable sales) are based on unsupported assumptions or personal opinion that cannot be
supported by market data, poor quality appraisals that could have a discriminatory effect may
result."
<Los Angeles and Southern California, Real Estate Appraiser Los Angeles, Forensic Appraiser, Forensic
Appraisal, Commercial appraisal, Curtis-Rosenthal Inc. real estate appraiser & consultant, Expert Witness, Real
Estate consultant, LA, Southern California, commercial appraiser, real estate appraiser, condemnation appraiser,
commercial appraiser, ca commercial appraiser, Real Estate Appraiser, Real Estate Appraiser Los Angeles,
Commercial Appraisal Services,>
Services: Eminent Domain appraiser appraisal, The Harris Company REA/C
(commercial appraiser, inverse condemnation appraiser, expert witness real estate, real property, commercial
appraiser, commercial real estate, Los Angeles, Estate , Probate, Trust, Tax, MAI Appraiser, L.A., real estate land
los angeles, commercial real estate inspectors, real estate brokers, los angeles, real estate appraiser, Los
Angeles, llp, mark to marker, Land Appraiser, Special Purpose Property Appraiser, Office Property, Commercial
appraisal, Restaurant, Apartment, VANDEMA, Southern California Commercial Real Estate, Residential Appraiser,
Apartment Appraiser,California Appraiser,PMI Removal, Certified General, Tax , Multi Family , Bank appraisal
institute,Apraiser, comp check, value check)
Dateline:
INTERNATIONAL RIGHT OF WAY ASSOCIATION (IRWA)
Chapter 1 –Los Angeles County
2006 Annual Fall Seminar
Tuesday, October 24, 2006
Quiet Cannon, Montebello, CA
The Los Angeles World Airport's (LAWA) Director of Economic Development admits that the Manchester Square
“Voluntary Purchase” Program is a part of LAWA’s Master Plan. This statement was supported by one staff
member who presented maps indicating that this area has been set aside for parking.
This Freudian slip of the tough could have major legal consequences since under the agencies “voluntary purchase
program” homeowners were not paid Fair Market Value which is “the highest price” required by State Law in
condemnation cases.
For years Vivian Howell, an IRWA and LAWA mucky muck, has stated that we are not going to pay them “the
highest price” because this is a voluntary program.
This in addition to using unethical appraisal practices like using unqualified appraisal trainees, consultants
colluding on values, standardized comparable adjustments, and in some cases- appraising of property based
upon it's existing use, rather than it's “highest and best use.” It is estimated that these combined, secret practices,
have cost property owners millions.
The Director also stated that he foresaw a number of inverse condemnation cases being filed against the agency,
by current residents, because the LAWA project has left their neighborhood in a shambles.
If you are a homeowner, property, or seller of property to LAWA in this area we strongly suggest that you contact a
qualified Real Estate Condemnation Attorney, or Relocation Expert, and demand a full hearing into these issues.
Cochise
Commercial Appraiser
Posted by Cochise
Commercial Appraiser
It appears that discrimination is something that the Appraisal Institute knows a lot about. In fact
they use to be called The American Institute of Real Estate Appraisers until they were sued, for
discrimination, by the Federal Government. They then changed their name to the Appraisal
Institute, same pig, different shade of lipstick. (The MAI Appraiser Standard, Larry A Mc Coy,
MAI) Application Local governments are not immune from proscriptions of Title VIII, and may be
sued. United States v Black Jack ... provides for actions against states and political subdivisions as
well as actions against private transactions and practices; comprehensive purpose of Fair Housing
Act)... would be diluted if it were to apply only to actions of private individuals and entities. ... applies
to appraisers of real estate. United States v American Institute of Real Estate Appraisers etc.
(1977, ND Ill) 442 F Supp 1072, 24 FR Serv 2d 880, app dismd (CA7 Ill) 590 F2d 242, 48 ALR Fed
657. 42 USCS ? 3604(a, b, d)’
How many errors can you find in this appraisal prepared by Jeffrey T. Nagasaki, MAI of Lea
Associates. They also perform similar low quality work for the Los Angeles Unified School District
and the County of Los Angeles. (Condemnation Appraiser, Inverse Condemnation Appraiser)
HOW TO CONDUCT A MAI (MADE AS INSTRUCTED?) APPRAISAL
Quote from David Rosenthal, MAI
Here are some tips from seasoned practitioner, David Rosenthal, MAI (Managing Director of Curtis-
Rosenthal, LLC) that can help make your next appraisal experience easy and productive.
"4. Supply all of your market data, up front. Nothing says that your appraiser has to
independently find all of the relevant market information. Data is data, so make the job easier and
share any market data that you have already developed. The appraiser will decide which data to
use and how to best use it. Give your appraiser a running start with the benefit of your advance
research."
The Great Texas Bank Job
"The FIRREA Cover Up - FDIC / RTC The South West Scam
The Whitewaters & Castle Grandes of Texas and ALL Across America
The S&L Gold Rush - The Lack Of Public Accounting
If the bank’s board of directors were the ones doing the looting, however, they readily hired a pliant
appraiser to cook up whatever appraisal value they wanted. Behind every fraudulent loan was a
fraudulent appraisal. It is nearly impossible for appraisers to render independent appraisals if the
people hiring them do not want one. When I was in public accounting, auditors joked that MAI stood
for “Made As Instructed.” The commercial appraisals were largely worthless because they were not
independently rendered. It is so obvious that it should be beneath mention, but that situation still
exists.
Even if the bank could not find a bona fide buyer, it was supposed to write down the property to fair
market value on the books, taking the loss on its financial statements. The S&L industry, however,
was in dire straits. Reporting a commercial loss on the deal would not look good, and might get
bank regulators, auditors and others asking questions. Here is what the bank did to hide its loss.
Another developer showed up, with similar delusions of grandeur and an equally pitiful pipedream,
except his was twice as large. He wanted a $6 million construction loan. The bank hired an
appraiser to concoct the appraisal for the original empty strip mall that valued it at $5 million, even
higher than the original pie-in-the-sky price tag that the original developer dreamed up. The MAI
commercial appraiser would appraise it for whatever number the bank wanted. The bank
would tell the second developer that it would loan him the $6 million if he would buy the empty strip
mall for $5 million. The bank would loan the developer the money to make the down payment on
the empty strip mall, and the first two years of loan payments. The developer never got his hands
on that money, but the bank held it in escrow, taking the money out of the commercial account to
make the down payment and loan payments.
When the bank made the $6 million commercial construction loan to the second developer, and
played internal accounting games to concoct the “sale” of the first strip mall, instead of recording
the $1 million loss, it recorded a $2 million gain, had a new performing loan on the first strip mall,
and the loan was guaranteed to have loan payments made on it for two years. Here is a chart to
show how the commercial bank hid the loss.
Original loan
$3,000,000
Second MAI and sale price to second developer $5,000,000
Gain on phony sale to second developer
$2,000,000
So, with some fancy games and pliant appraisers, the commercial bank recorded a $2 million gain
on its deal making. The reality, however, was that $9 million had gone out the door, the bank was
paying 15% interest to depositors, and no money was coming in, not even interest payments. "
KEEP UP THE GOOD WORK (MAI-Made as Instructed Appraisers? Commercial Appraisers?)
1. The Defendants Improperly Used Bargain Sale Transactions to Conceal the True Financial
Condition of Defendant Church Extension 30. From at least 1996 to at least April 2002, the
Defendants and others engaged in a scheme to conceal Defendant Church Extension's mounting
financial difficulties in order to, among other things, entice investors to invest and/or reinvest.
Specifically, the Defendants and others improperly used bargain sale transactions to generate false
paper income by recognizing the difference between the price paid by Defendant Church Extension
and/or United Management and falsely inflated appraisal values as non-cash contributions. Some
of appraisers used in connection with the bargain sale transactions were Members of the Appraisal
Institute, i.e., MAI appraisals. The appraisals used by the Defendants and others were false for
several reasons, including, but not limited to: a) the use of overstated net-operating income figures,
which formed the basis of some appraisals; b) the failure to account for the limited real-estate
market of some of the properties, due to federal regulations and private covenants; and c) the
failure to account for potential environmental hazards on some of the real-estate properties.
Significantly, because inflated appraisal values were used, the price paid by Defendants Church
Extension and/or United Management was a much closer reflection of the actual value of the
properties than the inflated appraisal values. Thus, as a result of using falsely inflated appraisal
values, the Defendants and others artificially increased the amount of non-cash contributions that
Defendants Church Extension and/or United Management recognized as income.
2. Plaintiff notified Defendant on May 25, 2004 that it was exercising its option to purchase the
property. Being in agreement that Plaintiff had the right to purchase the property, the parties agreed
to determine the purchase price by each engaging an appraiser who was a member of the
Appraisal
Institute (MAI), with the purchase price to be the average of the two appraisals. Plaintiff engaged
an appraiser from Atlanta, Georgia, while Defendant retained an appraiser from Nashville,
Tennessee. The two appraisals were significantly different. The appraised value determined by
Plaintiff’s appraiser was $1,470,000. The value as determined by Defendant’s appraiser was
$2,375,000.
3. Therefore, on the basis of our review of the record, we conclude that the court properly
determined that the plaintiff had met its burden of showing that the city's assessor (jOHN lEARY,
mai) had overvalued the subject property and that such a finding was legally and logically correct
and supported by the evidence before the court.
4. The town’s appraiser, Christopher K. Kerin (Kerin) MAI, determined that the fair market value
of the subject property on the October 1, 1995 grand list was as follows:
Land $4,825,000
Site improvements 1,000,000
Main building 9,175,000
__________
$15,000,000
Our determination (trier of fact) of value of the subject property, as of October 1, 1995 is as
follows:
Land $4,825,000
Site improvements 1,000,000
Building 5,239,819
___________
Total $11,064,819
5. "As a residential review appraiser with 14 years experience, I see appraiser fraud weekly," says a
northeastern appraiser who says he is working with the FBI. At the same time I was turning in these
17 fraud reports, I was warned by a prominent Appraisal Institute member not to submit those of a
certain ethnic race appraiser because he was well politically entrenched and it could backfire on
me," notes the source. "Also, at the same time, I confided in a local Member of the Appraisal
Institute (MAI) about the appraisal fraud both in my local area and inside his local AI
residential membership. This MAI later told me to be careful because I could die by the same
sword I was wielding (a professional death, not physical death)."
6. False Appraisals
I'm looking at an MAI (commercial appraiser) appraisal right now from one of the most respected
appraisers in our area that I know has been influenced in several ways (the appraisal has been
influenced, not him). The representations from the owner of the property concerning zoning,
development, potential purchase offers and comparable sales have boosted the value.
7. Inclosed is a bound hardcopy of the complaint I previously filed with the
North Carolina Appraisal Board against John K. Weaver, MAI, (a.k.a. "Jack"
Weaver, commercial appraiser) who is the Deputy Director and Chief Investigator of the North
Carolina Appraisal Board (NCAB). (This complaint text is also available
online at www.boardwatch.org/htmfiles/complainttext1.htm .) Copies of Mr.
Weaver's complete research files are also inclosed in "bound report format,"
as are copies of four appraisal reports on the subject property in question
at the NCAB hearing in question.
The NCAB sat on the complaint for many months and then participated in a scam
to "sweep the complaint under the rug." Following in this letter is text
extracted from a post I made 11/16/2001 to an online discussion group for
real estate appraisers across the country (www.AppraisersForum.com) which
explains and documents the response of the NCAB. (The full post can be found
at http://appraisersforum.com/bbs/index.cgi?read=20707 .) Also included is a
printout of a website page from www.BoardWatch.org (via the "FAQ" hyperlink
from the homepage) which provides a very brief overview of the whole
situation. As the NCAB shirked its responsibilities in the matter, I am now
asking the Appraisal Institute to investigate the behavior of this Institute
member.
(Commercial Real Estate Appraiser, Los Angeles, Commercial Appraisal Services, and Commercial
Appraiser)
8. The behavior of this Member of the Appraisal Institute (MAI) is unacceptable if not outrageous.
I've heard no one suggest otherwise. I dislike putting it this bluntly, but here it is in a nutshell: For
the sake of preserving or regaining integrity in North Carolina appraising, it has become necessary
to put the Appraisal Institute to the test. The questions are these:
Is the Appraisal Institute part of the problem in North Carolina?
Is the AI an enabler?
9. If memory serves me correctly, it was members of the Appraisal Institute (the self proclaimed
leader of appraisal association, designated with the "prestigious" MAI that were co-conspirators of
the S&L crisis.
Industry organizations are concerned with one thing: their own survival. With appraisal
organizations competing for members, they are more focused on their own self preservation than
on the betterment of the industry as a whole.
Originally posted by RStrahan@Jan 28 2005, 03:28 PM
The various trade associations are impotent. The members of the Appraisal Foundation only count
as one vote, so they are regularly outnumbered by the members of the very industry that promotes
appraisal fraud.
I believe that a merging of organizations is a necessity. However, I explicitely exclud the AI. The AI
has regularly supported AVMs and stood against the interests of the general practice appraiser, so
it is not longer a viable force for change in the industry. In fact, they have often sided with the
lending industry against the rest of the appraisal organizations.
Again, Roger hits it on the nose. An organzation that is purported to be in existance for the
appraiser. Today, likely 99% of all residential appraisals are communicated to the lender and/or
clients via email or the internet. We most commonly transmit these in .pdf format since Adobe
Acrobat Reader is readily available to all at no cost. Several lenders want appraisals delivered in
what is called AI (Appraisal Institute) ready format. This data format completely rearranges the data
structure of the report. The data is thought to be disseminated into their AVM database. No one but
the insiders can prove this, however this format also does something else which is very disturbing.
The appraiser's digital signature is removed from the report itself and transmitted as a separate .
jpg file. This comprimises the security of the report allowing the possibility of data to be changed. It
is a violation of USPAP for an appraiser to knowingly comprimise the security of their digital
signatures/reports.
Who would have thought? To comply with the Appraisal Institute brand of appraisal delivery, one
has to violate USPAP.
10. Is this accepting an appraisal with a predetermined value?
Hello Curtis,
A member of Appraisal Data Connection is searching for market data.
Diane Gilbert, MAI, (Appraisal Institute, commercial real estate appraiser) is appraising a proposed
60,000 square foot upscale
residential mansion near Orlando, Florida (yes, that's 60,000 square
feet!)
The property is located along the popular Butler Chain of Lakes and will
have numerous atypical amenities including an indoor and outdoor pool, a
bowling alley, indoor skating rink, a huge ballroom and colonnade, media
rooms, 2-story library, 10 bedroom suites, and staff quarters.
Diane is looking for sales of similar huge top quality residential
properties anywhere in the U.S.
Sales in excess of $15 million are preferred, (MAI COMMERCIAL APPRAISAL) and sales along
waterfront
or some type of resort location would be a plus.
Her best contact method is by email. If you can help or know someone who
can, please email Diane directly at:
Bayvalue@tampabay.rr.com
11. DATE: 08/01/2006 11:56:00 AM
The malleability of (real estate) appraisals has been a fact of life since for as long as I can
remember, and that is probably longer than most readers have been alive. Down around the
bankruptcy court, they used to say that "MAI" stands for "Made as Instructed."
Posted by: Buce | August 1, 2006 09:01 PM
http://www.prospect.org/deanbaker/2006/07/housing_appraisals_the_account.html
12. April 12, 2006
Working With (Business Valuation) Expert Witnesses
In real estate, the Appraisal Institute awards a designation, MAI, Member, Appraisal Institute. For a
variety of reasons, MAI came to have the derogatory meaning, "made as instructed." Being an "mai"
appraiser, whether in real estate, business appraisal, or any other field of expertise is a prescription
for a short-term career. http://merceronvalue.com/archives/2006/04/working_with_bu.html
13. David, from the St. Louis Chapter of the Appraisal Institute, just told me last week that at a
recent seminar, an instructor from Guess Who told the group attending the seminar in Typical
Delphi Scam and Cognitive Dissonance fashion, that appraisers would go out of business if they
refused to perform AVMs for the banking cartel and the GSEs. Sending the Appraisal Institute $950
Bucks in MAI, SRPA, SRA professional dues for 2005 is going to be a really tough decision. If I can
find a real job that pays, they won't get my money anymore. Besides being a State Certified
General Realty Appraiser is just as good as having Made As Instructed behind my name -- because
that's what the public perceives me to be anyway now -- a member of the world's oldest profession.
http://www.financialsense.com/editorials/reality/2004/4R1217.html
14. Gesoff v. IIC Industries Inc. et al., in the Delaware Chancery Court decided May 18,
2006
The parent then offered its appraisals, but the Court saw them as flawed and smacking of
made-as-instructed justification after the fact. In particular, its appraiser did adjust downwards a
management projection without any justification, failed to take into account appreciated realty,
and used a small company premium without regard to the fact that subsidiaries were, in effect,
large businesses in their respective emerging markets
15. SAN FRANCISCO BAY RESTORATION PLAN
Commercial real estate Appraiser (Charles D. Bailey, MAI) disciplined; taxpayers paid millions
MANY ERRORS ALLEGED IN PURCHASE OF CARGILL PONDS FOR $100 MILLION IN 2003
By Paul Rogers
Mercury News
Susanna Frohman / Mercury News archives
In 2002, then-Gov. Gray Davis and Sen. Dianne Feinstein, above, announce a $100 million deal for
the Cargill salt ponds. Complaint against appraiser Charles Bailey (MAI) (PDF) The settlement
agreement (PDF)
The appraiser (Charles D. Bailey, MAI) whose report helped set the $100 million price taxpayers
paid in the 2003 Cargill salt ponds deal has been disciplined on allegations that he made numerous
errors and violated federal standards when he set a value for the property.
The state attorney general's office brought a misconduct complaint against Charles Bailey (MAI) of
Mill Valley this summer, alleging 24 significant errors in his appraisal of Cargill lands for the federal
government in December 2000.
Bailey, who denied any wrongdoing, agreed Sept. 27 to a censure of his license, known as a
``public reproval.'' He also will pay $4,000 to cover the costs of the state investigation. Although he
will keep his license and can continue working, any disciplinary action on an appraiser's record is
very harmful to his career, said Deputy Attorney General Char Sachson.
News of the settlement heightened concerns that taxpayers may have overpaid by millions of
dollars when government agencies bought 16,500 acres of Cargill salt evaporation ponds from
Hayward to Alviso to Redwood City in March 2003. It also brought calls Tuesday from political
leaders for less secrecy in public land deals.
16. IS THIS MAI APPRAISER INCOMPETENCY?
Anyone know any sources of gross sales per store data for specific chains? I am appraising three
proposed facilities that are being leased with a level base minimum rent but actual rent is the
greater of that minimum rent or 10% of gross sales. I believe if I use the minimum I could be
undervaluing, but am not comfortable using the projections provided without at least seeing
something to compare them to. They are slightly above the minimum rent threshhold.
Paul S. Ness, MAI (commercial appraiser)
www.nessassociates.net
Mr. Ness, MAI was apparently so embarrassed by his own lack of knowledge that he has
removed his request from the AppraisalForum.com website. The sometimes humorous
responses are still there however.
We also received this email from site owner (Wayne McKerley) who suggest that we inappropriately
used his copyrighted material.
Paul Ness posted this on AppraisersForum.com. You copied it without my permission or without
Paul's permission to your web site. You also imply that Paul is incompetent by adding the heading
"IS THIS MAI APPRAISER INCOMPETENCY?". Paul is aware of this also and brought it to my
attention.
I ask that you remove this from your website and refrain from using our copyrighted material.
Wayne McKerley
AppraisersForum.com
(Professional Commercial Appraisal Forum?)
17. Appraisal Talk Message Board
Re: MIA Appraiser San Diego, CA
[ Follow Ups ] [ Post Followup ] [ Appraisal Talk ] [ FAQ ]
--------------------------------------------------------------------------------
Posted by mitchell's mother on October 12, 2006 at 15:53:53:
In Reply to: MIA Appraiser San Diego, CA posted by mitchell on October 12, 2006 at 14:44:37:
I need a state licensed or certified appraiser. I am more interested in experience and
education than any phony designations, that try to cover up their lack of experience and
education.
18. Times Herald-Record
October 17, 2006
Albany — A real estate appraisal that the City of Middletown relied on to sell off a property two
years ago was so riddled with faults that questions later arose over whether Robert Buckles "
(Appraisal Institute, Associate Member) prepared an appraisal with a predetermined value," a state
investigator testified yesterday. In the same hearing, an expert appraiser testified that the appraisal
of the 14-acre property on Ruth Court used outdated property sales for comparisons.
Robert G. Buckles, Associate MAI
President
Countrywide Appraisal Services
P.O. Box 1118
Monticello, NY 12701
547 Broadway
(845) 794-2834x300
Fax: (914) 794-2846
Bob@countywideappraisal.com
Accepts (real estate appraisal) Fee Assignments (more info)
19. LETTER FROM THE (UTAH Appraisal Institute-MAI) PRESIDENT, 2006
I am proud to be a member of this professional organization. I had been ignorant to the
extreme member benefits until I began serving on the Board in 1999. I want to inform you of
the advantages regarding Appraisal Institute membership. A few of the programs and promotions
by National which benefit members include.
4. Lobbying Efforts
National has a full time staff of three attorneys in Washington, DC working on our behalf to keep up
with federal legislation and other initiatives that impact our profession and to act as a liaison to the
local chapters in keeping up with state issues. We also have our own local lobbyist who works with
Utah appraisers. Lobbying is one of those behind the scenes activities that many of us may
not give much thought to however, the efforts of these people affect us individually and our
profession in ways that many of us are unaware.
20. Mr. Levy describes in his succinct essay the stranglehold that the banking cartel has on the
realty valuation industry. The Appraisal Institute has an affiliate appraisal management company
called REAS (Real Estate Appraisal Services) which operates http://www.aidirectconnection.com.
REAS is owned by Charter One Financial Corporation, the 25th largest bank holding company in
the USA, home based in Ohio. Royal Bank of Scotland is in merger and acquisition negotiations
with Charter One to become the 7th largest bank holding company in the USA, after the Bank One
and JPChase Manhattan merger as the second largest banking conglomerate. This conflict of
interest doesn't get any more blatant than these facts. ( AI Direct Connection® AI Direct
Connection
AI Direct Connection provides the real estate marketplace with an efficient and cost-effective means
to acquire quality appraisal services. Appraisers can sign up, free of charge, to be included on the
fee panel, specifying their services or specialties. AI Direct Connection then sells those services
directly to the client. FIND OUT MORE HERE)
21. Excuse me—you're standing on my bonus … reflections on credit culture
RMA Journal, The, May, 2005 by David H. Wesley
Banks have been widely lauded for their performance through the most recent downturn. Pressure
for revenue growth has invariably led to deal creep--pricing concessions, then deal structure
concessions (covenant, guarantees, advance rates, etc.), and then the rationalization that
otherwise marginal credits are acceptable. It takes both courage and conviction to remain
disciplined and diligent to not trade off your credit risk principles. Looking back at performance
during the last downturn, some things were done particularly well, while others could have been
done better.
Following are a few of the excuses that we all have heard (or have used) in the credit approval
process, along with their subliminal translations.
We have an MAI appraisal that supports the request.
Translation: The appraisal is a made-as-instructed real estate valuation.
22. Posted by Appraiser Central on October 18, 2006 at 20:00:21:
In Reply to: ai posted by Cochise on October 18, 2006 at 18:29:29:
The Appraisal Institute has had "conflict of issue", issues for many years now. Especially with
Charter One Bank and also Washington Mutual (WAMU). The Appraisal Institute doesn't seem to
care. This being "in bed" with Charter One and Washington Mutual was a big part of our boycott
of the Appraisal Institute a few years ago when the AI decided to create their own AVM (AIRD)
with Charter One Bank and WAMU as their biggest backers.
Also, the AI can't even advertise without lying. They have been running radio ads here in
Massachusetts, where they tout the lie that "Appraisal Institute Members are better qualified and
have more education" than non-Appraisal Institute members. I can't wait till the first homeowner
here gets an AI member with only 2 years experience; and the job is way over their head.
The sooner we as an industry get rid of Appraisal Management companies, and designation "tea
clubs", the better off we will be.
Posted by Appraisal Police on July 06, 2006 at 22:12:55:
FBI: Appraisal Fraud Serious (Commercial Appraiser, sic); Calls for Industry to Team up with Law
Enforcement
July 2006
In a June 14 speech, a Federal Bureau of Investigation specialist said that appraisal fraud has
become the most serious form of mortgage fraud. In a presentation to an American Bankers
Association conference in Orlando, Ronda Helig, supervisory special agent for the FBI, said that
appraisal fraud accounts for 80 percent of all the mortgage fraud that is reported and that the
average loss per occurrence of appraisal fraud exceeds $60,000. Based on these figures, Helig
called for a cooperative response between industry and law enforcement.
Successfully using forensic appraisals (appraiser) in the tax courts requires that the property owner
understand the special issues involved with these types of appraisals, as they differ significantly
from typical real estate appraisals. The differences cover the gamut of legal issues from
communication between the client and the appraiser through the legal admissibility of appraisal
methodology.
Kacha v. Allstate Ins. Co. (06/26/06 - No. D046961)
A judgment confirming an insurance commercial appraisal award involving property damaged by a
wildfire is reversed pursuant to an insured's claims that: 1) the award exceeded the appraisers'
jurisdiction, and the trial court erred by finding he waived the jurisdictional rule; and 2) the court
erred by finding he was precluded from challenging the appraisal award because he took
possession of, but did not negotiate, checks the insurer provided him to cover the award.
Los Angeles, Residential and Commercial Appraisal Coverage Areas: 90001, 90002, 90003, 90004, 90005,
90006, 90007, 90008, 90009, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017, 90018, 90019, 90020,
90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028, 90029, 90030, 90031, 90032, 90033, 90034, 90035,
90036, 90037, 90038, 90039, 90040, 90041, 90042, 90043, 90044, 90045, 90046, 90047, 90048, 90049, 90050,
90051, 90052, 90053, 90054, 90055, 90056, 90057, 90058, 90059, 90060, 90061, 90062, 90063, 90064, 90065,
90066, 90067, 90068, 90069, 90070, 90071, 90072, 90073, 90074, 90075, 90076, 90077, 90078, 90079, 90080,
90081, 90082, 90083, 90084, 90086, 90087, 90088, 90089, 90091, 90093, 90094, 90095, 90096, 90097, 90099,
90101, 90102, 90103, 90174, 90185, 90189, 91331, 91335
Los Angeles County, Residential Appraiser, Real Estate Appraiser, and Commercial Appraisal / Appraiser,
commercial appraisal la Coverage Areas: 93510, , Probate Appraiser, Date of Death Appraiser,
commercial appraisal southern california, Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815, 90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003 /90007 / 90011 / 90037 / 90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 / 91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 - 91602 / 91604 - 91607
North Long Beach (Long Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ. 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 / 93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park 90064
Redondo Beach 90277 - 90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003 / 90007 / 90011 / 90037 / 90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 / 91405 - 91406 / 91411 / 91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 - 91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills 91364 / 91367
World Trade Center (Long Beach) 90831 - 90832
Please call for Orange County, Ventura County, Riverside County, San Bernardino, County
Coverage Areas, Real Estate Appraiser Orange Riverside Ventura San Bernardino Counties,
Foreword
This is the fifth edition of the Uniform Appraisal Standards for Federal Land Acquisitions. The
Standards were originally published in 1971 with the most recent revision published in 1992. The
existing Standards have earned a prestigious position. They are frequently cited by Congress in
legislation relating to the valuation of federal land acquisitions and have guided the appraisal
process in these matters since their original issuance by the Interagency Land Acquisition
Conference. & The Interagency Land Acquisition Conference, established on November 27, 1968,
by invitation of the Attorney General, is a voluntary organization composed of representatives from
the many federal agencies engaged in the acquisition of real estate for public uses. The
Conference adopted and continues to adhere to several goals with respect to land acquisition,
including the promulgation of uniform appraisal standards and guidelines for appraisal reports. The
broad experience of the member representatives of the Interagency Land Acquisition Conference
assures that the federal appraisal standards developed for land acquisitions are uniform, fair, and
efficient. The Interagency Land Acquisition Conference is chaired by the Assistant Attorney
General for the Environment and Natural Resources Division, Department of Justice. Its activities
are conducted by ad hoc committees composed of member representatives.
The Interagency Land Acquisition Conference Executive is Virginia P. Butler, Chief of the Land
Acquisition Section of the Environment and Natural Resources Division, Department of Justice.
James D. Eaton, MAI, of the Appraisal Unit, Department of Justice, authored this 2000 revision of
the Uniform Appraisal Standards for Federal Land Acquisitions. He was assisted in this effort by
Appraisal Unit Chief Brian Holly, MAI; trial attorney Marc Gordon; and Ms. Butler. These Standards
were submitted to the Appraisal Institute for editorial review and the Department of Justice grate-fully
acknowledges the editorial assistance of the Appraisal Institute in their preparation. While the vast
majority of federal land acquisition is achieved through voluntary means, sometimes litigation is
necessary. With this in mind, Mr. Eaton has done an admirable job of updating the case law,
expand-ing the treatment of novel or difficult valuation questions, and recognizing the vast changes
that have recently characterized the real estate appraisal profession.
2006 Appraisal Information Needs Survey Results
During August 2006, the NATIONAL ASSOCIATION OF REALTORS®’ (NAR) Marketing Research
Department invited 86,777 appraiser members and recipients of the Appraisal Section of the weekly
NAR ListServe message to participate in an online survey. Findings reflected in this report were
collected from responses received between August 10th and 25th, 2006.
The goal of the survey was to understand how Appraiser members conduct their business, obtain
appraisal industry information, and make decisions on their appraisal education and designations.
Forensic appraising adds in the positive
Process involves combining all the variables affecting a property to create a predicted value
Dayton Business Journal - May 15, 1998 by John Niehaus News Staff Reporter
Print this Article Email this Article Reprints RSS Feeds Most Viewed Most Emailed
Joel Henson's business, Dixie Drywall Co., is located on about one-and-a-half acres of land off
Valley Street. About one acre of the property is grass.
Instead of continually paying a landscaping company $75 to cut the grass, he decided to try to sell
that piece of his property. After determining an asking price, he called Ron Kuczak, a local real
estate appraiser.
"He came out and gave me my options,"
Henson said. "He more or less determined
what the land would be worth if I kept it and
put up some warehouses."
USPAP 2006: The Loss Of A Few Terms Will Be Less Confusing, I Think December 28th, 2005 by
John Cicero
In January 2006 the new edition of USPAP will be available and distributed, though its changes will
not become effective until June. The Appraisal Standards Board
REVISIONS TO USPAP AND ADVISORY OPINIONS
The revisions in the 2006 Edition of USP Appraisal Practice are the result of two major Appraisal
Standards Board (ASB) initiatives: (1) examination of the proper role of the scope of work and
departure concepts in the appraisal process; and (2) specific review of STANDARDS 9 and 10. The
ASB formally adopted the 2006 USPAP on October 28, 2005 based on testimony presented at
public meetings, responses to three Concept Papers, six Exposure Drafts, and extensive
deliberation by the ASB over a two-year period. (USPAP 2006 Q & A) The effective date of the
2006 USPAP is July 1, 2006 commercial.
UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE 2006
FHA training comes to the Pacific Northwest:
June 12, 2006 - Salem, OR. FHA Program Update, Appraisal Reform, & Home Equity Conversion Mortgage
Training. Approved for 6 hrs Continuing Education Credit. Registration required, no fee.
REAL ESTATE APPRAISAL
Nature of Appraisal Work (U.S. Department of Labor
Bureau of Labor Statistics)
Commercial appraisers and assessors of real estate estimate the value of real property for a variety of purposes,
such as to assess property tax, to determine a sales price, or to determine the amount of a mortgage that might be
granted on a property. They may be called on to determine the value of any type of real estate, ranging from
farmland to a major shopping center, although they often specialize in appraising or assessing only a certain type
of real estate such as residential buildings or commercial properties. Assessors determine the value of all
properties in a locality for property tax purposes whereas appraisers appraise properties one at a time for a variety
of purposes, such as to determine what a good sale price would be for a home or to settle an estate or aid in a
divorce settlement.
FannieMae's Property (Commercial Appraiser, SIC) and Appraisal Guidelines—details their general requirements
for analyzing the property residential appraisal, rather than commercial, aspects of conventional mortgages
secured by one- to four-family properties. It also discusses special considerations for certain types of housing-
units in condominium, PUD, and cooperative projects; manufactured (and other factory-built) homes; Community
Living group homes; mixed-use properties; properties affected by environmental hazards; urban properties;
affordable housing program properties; properties located in special assessment or community facilities districts;
properties subject to leasehold interests (including those held by community land trusts); and energy-efficient
properties—that merit special consideration in the property and appraisal review. Because the evaluation of a
property is such a vital part of the risk analysis, they expect a lender to place as much emphasis on underwriting
the property and reviewing the appraisal as it does on underwriting the borrower's commercial creditworthiness.
FDIC Law, Regulations, Related Acts § 323.4 Minimum appraisal standards.
For federally related transactions, all appraisals shall, at a minimum:
Is property owner liable when horse and rider fall on driveway?
For information on registering your business capabilities to assist in the
Hurricane Katrina disaster relief efforts pleas
FOUNDATION NEWS -
-The Appraisal Foundation is a non-profit educational organization founded to foster professionalism in appraising
through the establishment and promotion of (commercial) appraisal standards and (commercial) appraiser
qualifications.-
Editor’s note: On March 16, 2001, Daniel Muller of Morgan Miller Blair presented, “What Every Real Estate Attorney
Should Know About Inverse Condemnation,” to the real property section of the CCCBA. This article discusses
developments in the areas of inverse condemnation and eminent domain (direct condemnation) in the six months
since the presentation. For an outline of the presentation call (925) 937-3600. nverse Condemnation Plaintiffs
suffered setbacks in three inverse condemnation cases decided in 2001. However, a judge in a federal district
court case granted plaintiff’s motion for summary judgment, enjoining the agency from an impending
condemnation for failure to show a public use or purpose for the project.
Cityfeet.com is the premier online resource for finding commercial real estate, specializing in office space,
executive suites, retail, and investment property. Learn more.
ENVIRONMENTAL , GOVERNMENT , PROPERTY & REAL ESTATE, WATER
Turlock Irrigation Dist. v. Zanker, No F047094 (Cal. 5th App. Dist. June 26, 2006)
Judgment partially against a town in litigation concerning the scope of its right to receive treated water for domestic
use and other needs of the town is affirmed where the trial court (comercial appraiser sic) correctly found that the
districts must continue to provide water to the town, but the reasonable cost of treating the water to make it suitable
for domestic use may be passed through to the consumer.
Commercial Appraiser, Commercial Appraiser Los Angeles, Commercial Real Estate Appraisal, Estate Appraiser,
Residential Appraiser, Apartment Appraiser, Appraisal, Special Purpose Property, Office Property, California
Appraiser, PMI Removal Appraiser, Fee Appraisal. Certified General Appraiser, Estate Tax Appraiser
Appraisal Services: Appraiser, Commercial Appraisal, Real Estate Appraisal, Residential Appraiser, Eminent
Domain Appraiser, Apartment Appraiser, Special Purpose Property, Office Property, California Appraiser, PMI
Removal Appraiser, Free Appraisal. Certified General Appraiser, Tax Appraiser
CIVIL PROCEDURE, DEBT COLLECTION, ETHICS & PROFESSIONAL RESPONSIBILITY, & REAL ESTATE,
REMEDIES
Rusheen v. Cohen, No. S123203 (Cal. February 23, 2006)
Where a cause of action is based on a communicative act, the litigation privilege of Civil Code section 47 extends to
those noncommunicative actions which are necessarily related to that communicative act.
Curtis - Rosenthal, Inc., LA Commercial Appraiser, Probate and estate, Trust Appraiser
Tax Appraiser, Property Tax, Forensic Appraiser Los Angeles, Forensic Appraisal, commercial appraisal la, ,
Probate Appraiser, Date of Death Appraiser, commercial appraisal southern california
IT’S THE LAW-Designation Discrimination is Illegal [FIRREA, Sec. 564.6]: Professional
Association Membership: Membership in an appraisal organization: A State Certified
General Appraiser may not be excluded from consideration for an assignment for a
federally related transaction by virtue of membership or lack of membership in any
particular appraisal organization (Including the Appraisal Institute (AKA mai). It has come to our
attention that some of the links in our website have been compromised. This is
apparently an attempt by the Appraisal Institute and their members to hide the Truth from
the public. Please report any broken or misdirected links to cochise@justice.com
Commercial Loan Workout/Modification Appraiser,
COMMERCIAL LOAN MODIFICATION/WORKOUTS APPRAISER 1.
http://www.fdic.gov/news/news/financial/2009/fil09061a1.pdf
Policy Statement on
FDIC-Prudent Commercial Real Estate Loan Workouts
The financial regulators1 recognize that financial institutions face significant challengeswhen
working with commercial real estate (CRE)2 borrowers that are experiencing diminished operating
cash flows, depreciated collateral values, or prolonged sales and rental absorption
periods. While CRE borrowers may experience deterioration in their financial condition, many
continue to be creditworthy customers who have the willingness and capacity to repay their
debts. In such cases, financial institutions and borrowers may find it mutually beneficial to work
constructively together.
The regulators have found that prudent CRE loan workouts are often in the best interest
of the financial institution and the borrower. Examiners are expected to take a balanced
approach in assessing the adequacy of an institution’s risk management practices for loan
workout activity. Financial institutions that implement prudent CRE loan workout arrangements
after performing a comprehensive review of a borrower’s financial condition will not be subject
to criticism for engaging in these efforts even if the restructured loans have weaknesses that
result in adverse credit classification. In addition, renewed or restructured loans to borrowers
who have the ability to repay their debts according to reasonable modified terms will not be
subject to adverse classification solely because the value of the underlying collateral has declined
to an amount that is less than the loan balance.I. Purpose
This statement updates and replaces existing supervisory guidance to assist examiners in
evaluating institutions’ efforts to renew or restructure loans to creditworthy CRE borrowers.3 It
is intended to promote supervisory consistency, enhance the transparency of CRE workout
transactions, and ensure that supervisory policies and actions do not inadvertently curtail the
availability of credit to sound borrowers. This guidance addresses supervisory expectations for
an institution’s risk management elements for loan workout programs, loan workout
arrangements, classification of loans, and regulatory reporting and accounting considerations.
1 The financial regulators consist of the Board of Governors of the Federal Reserve System (FRB),
the Federal
Deposit Insurance Corporation (FDIC), the National Credit Union Administration (NCUA), the Office
of the
Comptroller of the Currency (OCC), the Office of Thrift Supervision (OTS), and the Federal
Financial Institutions
Examination Council (FFIEC) State Liaison Committee (collectively, the regulators).
2 Consistent with the FRB, FDIC, and OCC joint guidance and the OTS guidance on
Concentrations in CommercialReal Estate Lending, Sound Risk Management Practices (December
2006), CRE loans include loans secured by
multifamily property, and nonfarm nonresidential property where the primary source of repayment is
derived from
rental income associated with the property (that is, loans for which 50 percent or more of the
source of repayment
comes from third party, nonaffiliated, rental income) or the proceeds of the sale, refinancing, or
permanent financing
of the property. CRE loans also include land development and construction loans (including 1- to 4-
family
residential and commercial construction loans), other land loans, loans to real estate investment
trusts (REITs), and
unsecured loans to developers. For credit unions, “commercial real estate loans” refers to “member
business loans,”
as defined in Section 723.1 of the NCUA Rules and Regulations, secured by real estate.
3 This statement replaces the Interagency Policy Statements on the Review and Classification of
Commercial Real
Estate Loans (November 1991) and Review and Classification of Commercial Real Estate Loans
(June 1993).
Page 2 of 33
The statement also includes references and materials related to regulatory reporting,4 but it does
not change existing regulatory reporting guidance provided in relevant interagency statements
issued by the regulators or accounting requirements under generally accepted accounting
principles (GAAP). These general principles also could apply to commercial loans that are
secured by real property or other business assets of a commercial borrower.
C. Assessing Collateral ValuesAs the primary sources of loan repayment decline, the importance of
the collateral’s
value as a secondary repayment source increases in analyzing credit risk and developing an
appropriate workout plan. The institution is responsible for reviewing current collateral
valuations (i.e., an appraisal or evaluation) to ensure that their assumptions and conclusions are
reasonable. Further, the institution should have policies and procedures that dictate when
collateral valuations should be updated as part of its ongoing credit review, as market conditions
change, or a borrower’s financial condition deteriorates.
For CRE loans involved in a workout situation, a new or updated appraisal or evaluation,
as appropriate, should address current project plans and market conditions that were considered
in the development of the workout plan. The consideration should include whether there has
been material deterioration in the following factors: the performance of the project; conditions
for the geographic market and property type; variances between actual conditions and original
appraisal assumptions; changes in project specifications (e.g., changing a planned condominium
project to an apartment building); loss of a significant lease or a take-out commitment; or
increases in pre-sales fallout. A new appraisal may not be necessary in instances where an
internal evaluation by the institution appropriately updates the original appraisal assumptions to
reflect current market conditions and provides an estimate of the collateral’s fair value for
impairment analysis.9
The market value in a collateral valuation and the fair value in an impairment analysis are
based on similar valuation concepts. However, the market valuation may differ from the
collateral’s fair value for regulatory reporting purposes. For example, differences may result if
the market value and the fair value estimates are determined as of different dates or the fair value
estimate reflects different assumptions than those in the market valuation. Such situations may
occur as a result of changes in market conditions and property use since the “as of” date of the
appraisal.
9 According to the FASB ASC Master Glossary, “fair value” is “the price that would be received to
sell an asset or
paid to transfer a liability in an orderly transaction between market participants at the measurement
date.”
Page 6 of 33
The documentation on the collateral’s market value should demonstrate a full
understanding of the property’s current “as is” condition (considering the property’s highest and
best use) and other relevant risk factors affecting value. Collateral valuations of commercial
properties typically contain more than one value conclusion and could include an “as is” market
value, a prospective “as complete” market value, and a prospective “as stabilized” market value.
The institution should use the market value conclusion (and not the fair value) that
corresponds to the workout plan and the loan commitment. For example, if the institution
intends to work with the borrower to get a project to stabilized occupancy, then the institution
can consider the “as stabilized” market value in its collateral assessment for credit risk grading
after reviewing the reasonableness of the appraisal’s assumptions and conclusions. Conversely,
if the institution intends to foreclose, then the institution should use the fair value (less costs to
sell) of the property in its current “as is” condition in its collateral assessment.
Examiners will analyze collateral values based on the institution’s original appraisal or
internal evaluation, any subsequent updates, additional information, and relevant market
conditions. An examiner should review the appropriateness of the major facts, assumptions, and
valuation approaches in the collateral valuation and in the institution’s internal credit review and
impairment analysis.
If weaknesses are noted in the institution’s supporting documentation or appraisal or
evaluation review process, examiners should direct the institution to address the weaknesses,
which may require the institution to obtain a new collateral valuation. However, if the institution
is unable or unwilling to address these deficiencies in a timely manner, examiners will have to
assess the degree of protection that the collateral affords in analyzing and classifying a credit.
This may result in examiners making adjustments, if applicable, to the collateral’s value to
reflect current market conditions and events. When reviewing the reasonableness of the facts
and assumptions associated with the value of an income-producing property, examiners should
evaluate:
• Current and projected vacancy and absorption rates
• Lease renewal trends and anticipated rents
• Effective rental rates or sale prices, considering sales and financing concessions
• Time frame for achieving stabilized occupancy or sellout
• Volume and trends in past due leases
• Net operating income of the property as compared with budget projections, reflecting
reasonable operating and maintenance costs
• Discount rates and direct capitalization rates (refer to Attachment 3 for more
information)
Page 7 of 33
Assumptions, when recently made by qualified appraisers (and, as appropriate, by the
institution) and when consistent with the discussion above, should be given a reasonable amount
of deference by examiners. Examiners also should use the appropriate market value conclusion
in their collateral assessments. For example, when the institution plans to provide the resources
to complete a project, examiners can consider the project’s prospective market value and the
committed loan amount in their analysis.
Examiners generally are not expected to challenge the underlying valuation assumptions,
including discount rates and capitalization rates, used in appraisals or evaluations when these
assumptions differ only in a limited way from norms that would generally be associated with the
collateral under review. The estimated value of the underlying collateral may be adjusted for
credit analysis purposes when the examiner can establish that any underlying facts or
assumptions are inappropriate or can support alternative assumptions.
Many CRE borrowers may have other indebtedness secured by other business assets such
as furniture, fixtures, equipment, inventory, and accounts receivable. For these commercial
loans, the institution should have appropriate policies and practices for quantifying the value of
such assets, determining the acceptability of the collateral, and perfecting its security interest.
The institution also should have appropriate procedures for ongoing monitoring of the value of
its collateral interests and security protection.
What, in the world, are they Doing wRONG? Appraisal Institute suffers another loss! "AI commercial
database bites the dust." Appraisal Institute (AI) will be closing down the AI Commercial Database
on November 1, 2005.
(Real Estate Appraiser Los Angeles, Commercial Appraisal Services, millionaire services, Real
Estate Appraiser, Real Estate Appraiser Los Angeles, find appraiser, find real estate appraiser,
Real Estate Appraiser Orange Riverside Ventura San Bernardino Counties, commercial appraisal
la, ca commercial appraiser, Probate Appraiser, Date of Death Appraiser, LA Commercial
Appraiser, Probate and estate, Trust Appraiser
Tax Appraiser, Property Tax, commercial appraisal Southern California, c and i appraiser )
THE CALM BEFORE THE STORM!
Appraisal Institute's (mai) Top Dog (John Ross, CEO) Jumps Ship
Ross: "After nine years with the organization, I feel that the timing is good for me to explore
other opportunities."
Ross: "I’d like to see the organization (the appraisal institute) strengthen its ties with the
academic community. The profession needs to focus now on developing more theoretically based
tools and on things like behavioral finance and economics – which is ultimately what dictates the
operation of markets. I’ve often stated that the mark of any profession is in the development of new
theory, and in my estimation there have been few, if any, advances in this regard in the
appraisal profession for the last 25 years or more. I’d like to see the Appraisal Institute more
involved in some way in such thought creation."
Are predetermined Appraisal ADJUSTMENTS Legal/Ethical? Please see attached
Predetermined adjustments provided by Curtis - Rosenthal, Inc. (MAI Appraiser Los
Angeles) LLC. an MAI Firm. You be the judge and get back with us or call them for this
years update. If your property was acquired by the Los Angeles World Airport (LAWA) you
had better read this!
"Posted by Appraisal Police on July 10, 2006 at 00:33:42:
In Reply to: Predetermined Adjustments posted by Cochise on July 09, 2006 at 19:26:17:
Fannie Mae Single Family Selling Guide
Part XI: Property and Appraisal Guidelines
XI, Chapter 4: Reviewing the Appraisal Report (11/08/04)
XI, 406: Sales Comparison Approach to Value (01/31/06)
XI, 406.03: Adjustments to Comparable Sales (06/30/02)
Each comparable sale that is used in the sales comparison approach to value must be analyzed for
differences and similarities between it and the property that is being appraised. The appraiser must
base his or her analysis and any adjustments to the comparable sales on the market data for the
particular neighborhood and for competing locat1ons—not on predetermined or assumed dollar
adjustments. If an appraiser's adjustments to comparable sales (or the reconciliation of the
comparable sales) are based on unsupported assumptions or personal opinion that cannot be
supported by market data, poor quality appraisals that could have a discriminatory effect may
result."
<Los Angeles and Southern California, Real Estate Appraiser Los Angeles, Forensic Appraiser, Forensic
Appraisal, Commercial appraisal, Curtis-Rosenthal Inc. real estate appraiser & consultant, Expert Witness, Real
Estate consultant, LA, Southern California, commercial appraiser, real estate appraiser, condemnation appraiser,
commercial appraiser, ca commercial appraiser, Real Estate Appraiser, Real Estate Appraiser Los Angeles,
Commercial Appraisal Services,>
Services: Eminent Domain appraiser appraisal, The Harris Company REA/C
(commercial appraiser, inverse condemnation appraiser, expert witness real estate, real property, commercial
appraiser, commercial real estate, Los Angeles, Estate , Probate, Trust, Tax, MAI Appraiser, L.A., real estate land
los angeles, commercial real estate inspectors, real estate brokers, los angeles, real estate appraiser, Los
Angeles, llp, mark to marker, Land Appraiser, Special Purpose Property Appraiser, Office Property, Commercial
appraisal, Restaurant, Apartment, VANDEMA, Southern California Commercial Real Estate, Residential Appraiser,
Apartment Appraiser,California Appraiser,PMI Removal, Certified General, Tax , Multi Family , Bank appraisal
institute,Apraiser, comp check, value check)
Dateline:
INTERNATIONAL RIGHT OF WAY ASSOCIATION (IRWA)
Chapter 1 –Los Angeles County
2006 Annual Fall Seminar
Tuesday, October 24, 2006
Quiet Cannon, Montebello, CA
The Los Angeles World Airport's (LAWA) Director of Economic Development admits that the Manchester Square
“Voluntary Purchase” Program is a part of LAWA’s Master Plan. This statement was supported by one staff
member who presented maps indicating that this area has been set aside for parking.
This Freudian slip of the tough could have major legal consequences since under the agencies “voluntary purchase
program” homeowners were not paid Fair Market Value which is “the highest price” required by State Law in
condemnation cases.
For years Vivian Howell, an IRWA and LAWA mucky muck, has stated that we are not going to pay them “the
highest price” because this is a voluntary program.
This in addition to using unethical appraisal practices like using unqualified appraisal trainees, consultants
colluding on values, standardized comparable adjustments, and in some cases- appraising of property based
upon it's existing use, rather than it's “highest and best use.” It is estimated that these combined, secret practices,
have cost property owners millions.
The Director also stated that he foresaw a number of inverse condemnation cases being filed against the agency,
by current residents, because the LAWA project has left their neighborhood in a shambles.
If you are a homeowner, property, or seller of property to LAWA in this area we strongly suggest that you contact a
qualified Real Estate Condemnation Attorney, or Relocation Expert, and demand a full hearing into these issues.
Cochise
Commercial Appraiser
Posted by Cochise
Commercial Appraiser
It appears that discrimination is something that the Appraisal Institute knows a lot about. In fact
they use to be called The American Institute of Real Estate Appraisers until they were sued, for
discrimination, by the Federal Government. They then changed their name to the Appraisal
Institute, same pig, different shade of lipstick. (The MAI Appraiser Standard, Larry A Mc Coy,
MAI) Application Local governments are not immune from proscriptions of Title VIII, and may be
sued. United States v Black Jack ... provides for actions against states and political subdivisions as
well as actions against private transactions and practices; comprehensive purpose of Fair Housing
Act)... would be diluted if it were to apply only to actions of private individuals and entities. ... applies
to appraisers of real estate. United States v American Institute of Real Estate Appraisers etc.
(1977, ND Ill) 442 F Supp 1072, 24 FR Serv 2d 880, app dismd (CA7 Ill) 590 F2d 242, 48 ALR Fed
657. 42 USCS ? 3604(a, b, d)’
How many errors can you find in this appraisal prepared by Jeffrey T. Nagasaki, MAI of Lea
Associates. They also perform similar low quality work for the Los Angeles Unified School District
and the County of Los Angeles. (Condemnation Appraiser, Inverse Condemnation Appraiser)
HOW TO CONDUCT A MAI (MADE AS INSTRUCTED?) APPRAISAL
Quote from David Rosenthal, MAI
Here are some tips from seasoned practitioner, David Rosenthal, MAI (Managing Director of Curtis-
Rosenthal, LLC) that can help make your next appraisal experience easy and productive.
"4. Supply all of your market data, up front. Nothing says that your appraiser has to
independently find all of the relevant market information. Data is data, so make the job easier and
share any market data that you have already developed. The appraiser will decide which data to
use and how to best use it. Give your appraiser a running start with the benefit of your advance
research."
The Great Texas Bank Job
"The FIRREA Cover Up - FDIC / RTC The South West Scam
The Whitewaters & Castle Grandes of Texas and ALL Across America
The S&L Gold Rush - The Lack Of Public Accounting
If the bank’s board of directors were the ones doing the looting, however, they readily hired a pliant
appraiser to cook up whatever appraisal value they wanted. Behind every fraudulent loan was a
fraudulent appraisal. It is nearly impossible for appraisers to render independent appraisals if the
people hiring them do not want one. When I was in public accounting, auditors joked that MAI stood
for “Made As Instructed.” The commercial appraisals were largely worthless because they were not
independently rendered. It is so obvious that it should be beneath mention, but that situation still
exists.
Even if the bank could not find a bona fide buyer, it was supposed to write down the property to fair
market value on the books, taking the loss on its financial statements. The S&L industry, however,
was in dire straits. Reporting a commercial loss on the deal would not look good, and might get
bank regulators, auditors and others asking questions. Here is what the bank did to hide its loss.
Another developer showed up, with similar delusions of grandeur and an equally pitiful pipedream,
except his was twice as large. He wanted a $6 million construction loan. The bank hired an
appraiser to concoct the appraisal for the original empty strip mall that valued it at $5 million, even
higher than the original pie-in-the-sky price tag that the original developer dreamed up. The MAI
commercial appraiser would appraise it for whatever number the bank wanted. The bank
would tell the second developer that it would loan him the $6 million if he would buy the empty strip
mall for $5 million. The bank would loan the developer the money to make the down payment on
the empty strip mall, and the first two years of loan payments. The developer never got his hands
on that money, but the bank held it in escrow, taking the money out of the commercial account to
make the down payment and loan payments.
When the bank made the $6 million commercial construction loan to the second developer, and
played internal accounting games to concoct the “sale” of the first strip mall, instead of recording
the $1 million loss, it recorded a $2 million gain, had a new performing loan on the first strip mall,
and the loan was guaranteed to have loan payments made on it for two years. Here is a chart to
show how the commercial bank hid the loss.
Original loan
$3,000,000
Second MAI and sale price to second developer $5,000,000
Gain on phony sale to second developer
$2,000,000
So, with some fancy games and pliant appraisers, the commercial bank recorded a $2 million gain
on its deal making. The reality, however, was that $9 million had gone out the door, the bank was
paying 15% interest to depositors, and no money was coming in, not even interest payments. "
KEEP UP THE GOOD WORK (MAI-Made as Instructed Appraisers? Commercial Appraisers?)
1. The Defendants Improperly Used Bargain Sale Transactions to Conceal the True Financial
Condition of Defendant Church Extension 30. From at least 1996 to at least April 2002, the
Defendants and others engaged in a scheme to conceal Defendant Church Extension's mounting
financial difficulties in order to, among other things, entice investors to invest and/or reinvest.
Specifically, the Defendants and others improperly used bargain sale transactions to generate false
paper income by recognizing the difference between the price paid by Defendant Church Extension
and/or United Management and falsely inflated appraisal values as non-cash contributions. Some
of appraisers used in connection with the bargain sale transactions were Members of the Appraisal
Institute, i.e., MAI appraisals. The appraisals used by the Defendants and others were false for
several reasons, including, but not limited to: a) the use of overstated net-operating income figures,
which formed the basis of some appraisals; b) the failure to account for the limited real-estate
market of some of the properties, due to federal regulations and private covenants; and c) the
failure to account for potential environmental hazards on some of the real-estate properties.
Significantly, because inflated appraisal values were used, the price paid by Defendants Church
Extension and/or United Management was a much closer reflection of the actual value of the
properties than the inflated appraisal values. Thus, as a result of using falsely inflated appraisal
values, the Defendants and others artificially increased the amount of non-cash contributions that
Defendants Church Extension and/or United Management recognized as income.
2. Plaintiff notified Defendant on May 25, 2004 that it was exercising its option to purchase the
property. Being in agreement that Plaintiff had the right to purchase the property, the parties agreed
to determine the purchase price by each engaging an appraiser who was a member of the
Appraisal
Institute (MAI), with the purchase price to be the average of the two appraisals. Plaintiff engaged
an appraiser from Atlanta, Georgia, while Defendant retained an appraiser from Nashville,
Tennessee. The two appraisals were significantly different. The appraised value determined by
Plaintiff’s appraiser was $1,470,000. The value as determined by Defendant’s appraiser was
$2,375,000.
3. Therefore, on the basis of our review of the record, we conclude that the court properly
determined that the plaintiff had met its burden of showing that the city's assessor (jOHN lEARY,
mai) had overvalued the subject property and that such a finding was legally and logically correct
and supported by the evidence before the court.
4. The town’s appraiser, Christopher K. Kerin (Kerin) MAI, determined that the fair market value
of the subject property on the October 1, 1995 grand list was as follows:
Land $4,825,000
Site improvements 1,000,000
Main building 9,175,000
__________
$15,000,000
Our determination (trier of fact) of value of the subject property, as of October 1, 1995 is as
follows:
Land $4,825,000
Site improvements 1,000,000
Building 5,239,819
___________
Total $11,064,819
5. "As a residential review appraiser with 14 years experience, I see appraiser fraud weekly," says a
northeastern appraiser who says he is working with the FBI. At the same time I was turning in these
17 fraud reports, I was warned by a prominent Appraisal Institute member not to submit those of a
certain ethnic race appraiser because he was well politically entrenched and it could backfire on
me," notes the source. "Also, at the same time, I confided in a local Member of the Appraisal
Institute (MAI) about the appraisal fraud both in my local area and inside his local AI
residential membership. This MAI later told me to be careful because I could die by the same
sword I was wielding (a professional death, not physical death)."
6. False Appraisals
I'm looking at an MAI (commercial appraiser) appraisal right now from one of the most respected
appraisers in our area that I know has been influenced in several ways (the appraisal has been
influenced, not him). The representations from the owner of the property concerning zoning,
development, potential purchase offers and comparable sales have boosted the value.
7. Inclosed is a bound hardcopy of the complaint I previously filed with the
North Carolina Appraisal Board against John K. Weaver, MAI, (a.k.a. "Jack"
Weaver, commercial appraiser) who is the Deputy Director and Chief Investigator of the North
Carolina Appraisal Board (NCAB). (This complaint text is also available
online at www.boardwatch.org/htmfiles/complainttext1.htm .) Copies of Mr.
Weaver's complete research files are also inclosed in "bound report format,"
as are copies of four appraisal reports on the subject property in question
at the NCAB hearing in question.
The NCAB sat on the complaint for many months and then participated in a scam
to "sweep the complaint under the rug." Following in this letter is text
extracted from a post I made 11/16/2001 to an online discussion group for
real estate appraisers across the country (www.AppraisersForum.com) which
explains and documents the response of the NCAB. (The full post can be found
at http://appraisersforum.com/bbs/index.cgi?read=20707 .) Also included is a
printout of a website page from www.BoardWatch.org (via the "FAQ" hyperlink
from the homepage) which provides a very brief overview of the whole
situation. As the NCAB shirked its responsibilities in the matter, I am now
asking the Appraisal Institute to investigate the behavior of this Institute
member.
(Commercial Real Estate Appraiser, Los Angeles, Commercial Appraisal Services, and Commercial
Appraiser)
8. The behavior of this Member of the Appraisal Institute (MAI) is unacceptable if not outrageous.
I've heard no one suggest otherwise. I dislike putting it this bluntly, but here it is in a nutshell: For
the sake of preserving or regaining integrity in North Carolina appraising, it has become necessary
to put the Appraisal Institute to the test. The questions are these:
Is the Appraisal Institute part of the problem in North Carolina?
Is the AI an enabler?
9. If memory serves me correctly, it was members of the Appraisal Institute (the self proclaimed
leader of appraisal association, designated with the "prestigious" MAI that were co-conspirators of
the S&L crisis.
Industry organizations are concerned with one thing: their own survival. With appraisal
organizations competing for members, they are more focused on their own self preservation than
on the betterment of the industry as a whole.
Originally posted by RStrahan@Jan 28 2005, 03:28 PM
The various trade associations are impotent. The members of the Appraisal Foundation only count
as one vote, so they are regularly outnumbered by the members of the very industry that promotes
appraisal fraud.
I believe that a merging of organizations is a necessity. However, I explicitely exclud the AI. The AI
has regularly supported AVMs and stood against the interests of the general practice appraiser, so
it is not longer a viable force for change in the industry. In fact, they have often sided with the
lending industry against the rest of the appraisal organizations.
Again, Roger hits it on the nose. An organzation that is purported to be in existance for the
appraiser. Today, likely 99% of all residential appraisals are communicated to the lender and/or
clients via email or the internet. We most commonly transmit these in .pdf format since Adobe
Acrobat Reader is readily available to all at no cost. Several lenders want appraisals delivered in
what is called AI (Appraisal Institute) ready format. This data format completely rearranges the data
structure of the report. The data is thought to be disseminated into their AVM database. No one but
the insiders can prove this, however this format also does something else which is very disturbing.
The appraiser's digital signature is removed from the report itself and transmitted as a separate .
jpg file. This comprimises the security of the report allowing the possibility of data to be changed. It
is a violation of USPAP for an appraiser to knowingly comprimise the security of their digital
signatures/reports.
Who would have thought? To comply with the Appraisal Institute brand of appraisal delivery, one
has to violate USPAP.
10. Is this accepting an appraisal with a predetermined value?
Hello Curtis,
A member of Appraisal Data Connection is searching for market data.
Diane Gilbert, MAI, (Appraisal Institute, commercial real estate appraiser) is appraising a proposed
60,000 square foot upscale
residential mansion near Orlando, Florida (yes, that's 60,000 square
feet!)
The property is located along the popular Butler Chain of Lakes and will
have numerous atypical amenities including an indoor and outdoor pool, a
bowling alley, indoor skating rink, a huge ballroom and colonnade, media
rooms, 2-story library, 10 bedroom suites, and staff quarters.
Diane is looking for sales of similar huge top quality residential
properties anywhere in the U.S.
Sales in excess of $15 million are preferred, (MAI COMMERCIAL APPRAISAL) and sales along
waterfront
or some type of resort location would be a plus.
Her best contact method is by email. If you can help or know someone who
can, please email Diane directly at:
Bayvalue@tampabay.rr.com
11. DATE: 08/01/2006 11:56:00 AM
The malleability of (real estate) appraisals has been a fact of life since for as long as I can
remember, and that is probably longer than most readers have been alive. Down around the
bankruptcy court, they used to say that "MAI" stands for "Made as Instructed."
Posted by: Buce | August 1, 2006 09:01 PM
http://www.prospect.org/deanbaker/2006/07/housing_appraisals_the_account.html
12. April 12, 2006
Working With (Business Valuation) Expert Witnesses
In real estate, the Appraisal Institute awards a designation, MAI, Member, Appraisal Institute. For a
variety of reasons, MAI came to have the derogatory meaning, "made as instructed." Being an "mai"
appraiser, whether in real estate, business appraisal, or any other field of expertise is a prescription
for a short-term career. http://merceronvalue.com/archives/2006/04/working_with_bu.html
13. David, from the St. Louis Chapter of the Appraisal Institute, just told me last week that at a
recent seminar, an instructor from Guess Who told the group attending the seminar in Typical
Delphi Scam and Cognitive Dissonance fashion, that appraisers would go out of business if they
refused to perform AVMs for the banking cartel and the GSEs. Sending the Appraisal Institute $950
Bucks in MAI, SRPA, SRA professional dues for 2005 is going to be a really tough decision. If I can
find a real job that pays, they won't get my money anymore. Besides being a State Certified
General Realty Appraiser is just as good as having Made As Instructed behind my name -- because
that's what the public perceives me to be anyway now -- a member of the world's oldest profession.
http://www.financialsense.com/editorials/reality/2004/4R1217.html
14. Gesoff v. IIC Industries Inc. et al., in the Delaware Chancery Court decided May 18,
2006
The parent then offered its appraisals, but the Court saw them as flawed and smacking of
made-as-instructed justification after the fact. In particular, its appraiser did adjust downwards a
management projection without any justification, failed to take into account appreciated realty,
and used a small company premium without regard to the fact that subsidiaries were, in effect,
large businesses in their respective emerging markets
15. SAN FRANCISCO BAY RESTORATION PLAN
Commercial real estate Appraiser (Charles D. Bailey, MAI) disciplined; taxpayers paid millions
MANY ERRORS ALLEGED IN PURCHASE OF CARGILL PONDS FOR $100 MILLION IN 2003
By Paul Rogers
Mercury News
Susanna Frohman / Mercury News archives
In 2002, then-Gov. Gray Davis and Sen. Dianne Feinstein, above, announce a $100 million deal for
the Cargill salt ponds. Complaint against appraiser Charles Bailey (MAI) (PDF) The settlement
agreement (PDF)
The appraiser (Charles D. Bailey, MAI) whose report helped set the $100 million price taxpayers
paid in the 2003 Cargill salt ponds deal has been disciplined on allegations that he made numerous
errors and violated federal standards when he set a value for the property.
The state attorney general's office brought a misconduct complaint against Charles Bailey (MAI) of
Mill Valley this summer, alleging 24 significant errors in his appraisal of Cargill lands for the federal
government in December 2000.
Bailey, who denied any wrongdoing, agreed Sept. 27 to a censure of his license, known as a
``public reproval.'' He also will pay $4,000 to cover the costs of the state investigation. Although he
will keep his license and can continue working, any disciplinary action on an appraiser's record is
very harmful to his career, said Deputy Attorney General Char Sachson.
News of the settlement heightened concerns that taxpayers may have overpaid by millions of
dollars when government agencies bought 16,500 acres of Cargill salt evaporation ponds from
Hayward to Alviso to Redwood City in March 2003. It also brought calls Tuesday from political
leaders for less secrecy in public land deals.
16. IS THIS MAI APPRAISER INCOMPETENCY?
Anyone know any sources of gross sales per store data for specific chains? I am appraising three
proposed facilities that are being leased with a level base minimum rent but actual rent is the
greater of that minimum rent or 10% of gross sales. I believe if I use the minimum I could be
undervaluing, but am not comfortable using the projections provided without at least seeing
something to compare them to. They are slightly above the minimum rent threshhold.
Paul S. Ness, MAI (commercial appraiser)
www.nessassociates.net
Mr. Ness, MAI was apparently so embarrassed by his own lack of knowledge that he has
removed his request from the AppraisalForum.com website. The sometimes humorous
responses are still there however.
We also received this email from site owner (Wayne McKerley) who suggest that we inappropriately
used his copyrighted material.
Paul Ness posted this on AppraisersForum.com. You copied it without my permission or without
Paul's permission to your web site. You also imply that Paul is incompetent by adding the heading
"IS THIS MAI APPRAISER INCOMPETENCY?". Paul is aware of this also and brought it to my
attention.
I ask that you remove this from your website and refrain from using our copyrighted material.
Wayne McKerley
AppraisersForum.com
(Professional Commercial Appraisal Forum?)
17. Appraisal Talk Message Board
Re: MIA Appraiser San Diego, CA
[ Follow Ups ] [ Post Followup ] [ Appraisal Talk ] [ FAQ ]
--------------------------------------------------------------------------------
Posted by mitchell's mother on October 12, 2006 at 15:53:53:
In Reply to: MIA Appraiser San Diego, CA posted by mitchell on October 12, 2006 at 14:44:37:
I need a state licensed or certified appraiser. I am more interested in experience and
education than any phony designations, that try to cover up their lack of experience and
education.
18. Times Herald-Record
October 17, 2006
Albany — A real estate appraisal that the City of Middletown relied on to sell off a property two
years ago was so riddled with faults that questions later arose over whether Robert Buckles "
(Appraisal Institute, Associate Member) prepared an appraisal with a predetermined value," a state
investigator testified yesterday. In the same hearing, an expert appraiser testified that the appraisal
of the 14-acre property on Ruth Court used outdated property sales for comparisons.
Robert G. Buckles, Associate MAI
President
Countrywide Appraisal Services
P.O. Box 1118
Monticello, NY 12701
547 Broadway
(845) 794-2834x300
Fax: (914) 794-2846
Bob@countywideappraisal.com
Accepts (real estate appraisal) Fee Assignments (more info)
19. LETTER FROM THE (UTAH Appraisal Institute-MAI) PRESIDENT, 2006
I am proud to be a member of this professional organization. I had been ignorant to the
extreme member benefits until I began serving on the Board in 1999. I want to inform you of
the advantages regarding Appraisal Institute membership. A few of the programs and promotions
by National which benefit members include.
4. Lobbying Efforts
National has a full time staff of three attorneys in Washington, DC working on our behalf to keep up
with federal legislation and other initiatives that impact our profession and to act as a liaison to the
local chapters in keeping up with state issues. We also have our own local lobbyist who works with
Utah appraisers. Lobbying is one of those behind the scenes activities that many of us may
not give much thought to however, the efforts of these people affect us individually and our
profession in ways that many of us are unaware.
20. Mr. Levy describes in his succinct essay the stranglehold that the banking cartel has on the
realty valuation industry. The Appraisal Institute has an affiliate appraisal management company
called REAS (Real Estate Appraisal Services) which operates http://www.aidirectconnection.com.
REAS is owned by Charter One Financial Corporation, the 25th largest bank holding company in
the USA, home based in Ohio. Royal Bank of Scotland is in merger and acquisition negotiations
with Charter One to become the 7th largest bank holding company in the USA, after the Bank One
and JPChase Manhattan merger as the second largest banking conglomerate. This conflict of
interest doesn't get any more blatant than these facts. ( AI Direct Connection® AI Direct
Connection
AI Direct Connection provides the real estate marketplace with an efficient and cost-effective means
to acquire quality appraisal services. Appraisers can sign up, free of charge, to be included on the
fee panel, specifying their services or specialties. AI Direct Connection then sells those services
directly to the client. FIND OUT MORE HERE)
21. Excuse me—you're standing on my bonus … reflections on credit culture
RMA Journal, The, May, 2005 by David H. Wesley
Banks have been widely lauded for their performance through the most recent downturn. Pressure
for revenue growth has invariably led to deal creep--pricing concessions, then deal structure
concessions (covenant, guarantees, advance rates, etc.), and then the rationalization that
otherwise marginal credits are acceptable. It takes both courage and conviction to remain
disciplined and diligent to not trade off your credit risk principles. Looking back at performance
during the last downturn, some things were done particularly well, while others could have been
done better.
Following are a few of the excuses that we all have heard (or have used) in the credit approval
process, along with their subliminal translations.
We have an MAI appraisal that supports the request.
Translation: The appraisal is a made-as-instructed real estate valuation.
22. Posted by Appraiser Central on October 18, 2006 at 20:00:21:
In Reply to: ai posted by Cochise on October 18, 2006 at 18:29:29:
The Appraisal Institute has had "conflict of issue", issues for many years now. Especially with
Charter One Bank and also Washington Mutual (WAMU). The Appraisal Institute doesn't seem to
care. This being "in bed" with Charter One and Washington Mutual was a big part of our boycott
of the Appraisal Institute a few years ago when the AI decided to create their own AVM (AIRD)
with Charter One Bank and WAMU as their biggest backers.
Also, the AI can't even advertise without lying. They have been running radio ads here in
Massachusetts, where they tout the lie that "Appraisal Institute Members are better qualified and
have more education" than non-Appraisal Institute members. I can't wait till the first homeowner
here gets an AI member with only 2 years experience; and the job is way over their head.
The sooner we as an industry get rid of Appraisal Management companies, and designation "tea
clubs", the better off we will be.
Posted by Appraisal Police on July 06, 2006 at 22:12:55:
FBI: Appraisal Fraud Serious (Commercial Appraiser, sic); Calls for Industry to Team up with Law
Enforcement
July 2006
In a June 14 speech, a Federal Bureau of Investigation specialist said that appraisal fraud has
become the most serious form of mortgage fraud. In a presentation to an American Bankers
Association conference in Orlando, Ronda Helig, supervisory special agent for the FBI, said that
appraisal fraud accounts for 80 percent of all the mortgage fraud that is reported and that the
average loss per occurrence of appraisal fraud exceeds $60,000. Based on these figures, Helig
called for a cooperative response between industry and law enforcement.
Successfully using forensic appraisals (appraiser) in the tax courts requires that the property owner
understand the special issues involved with these types of appraisals, as they differ significantly
from typical real estate appraisals. The differences cover the gamut of legal issues from
communication between the client and the appraiser through the legal admissibility of appraisal
methodology.
Kacha v. Allstate Ins. Co. (06/26/06 - No. D046961)
A judgment confirming an insurance commercial appraisal award involving property damaged by a
wildfire is reversed pursuant to an insured's claims that: 1) the award exceeded the appraisers'
jurisdiction, and the trial court erred by finding he waived the jurisdictional rule; and 2) the court
erred by finding he was precluded from challenging the appraisal award because he took
possession of, but did not negotiate, checks the insurer provided him to cover the award.
Los Angeles, Residential and Commercial Appraisal Coverage Areas: 90001, 90002, 90003, 90004, 90005,
90006, 90007, 90008, 90009, 90010, 90011, 90012, 90013, 90014, 90015, 90016, 90017, 90018, 90019, 90020,
90021, 90022, 90023, 90024, 90025, 90026, 90027, 90028, 90029, 90030, 90031, 90032, 90033, 90034, 90035,
90036, 90037, 90038, 90039, 90040, 90041, 90042, 90043, 90044, 90045, 90046, 90047, 90048, 90049, 90050,
90051, 90052, 90053, 90054, 90055, 90056, 90057, 90058, 90059, 90060, 90061, 90062, 90063, 90064, 90065,
90066, 90067, 90068, 90069, 90070, 90071, 90072, 90073, 90074, 90075, 90076, 90077, 90078, 90079, 90080,
90081, 90082, 90083, 90084, 90086, 90087, 90088, 90089, 90091, 90093, 90094, 90095, 90096, 90097, 90099,
90101, 90102, 90103, 90174, 90185, 90189, 91331, 91335
Los Angeles County, Residential Appraiser, Real Estate Appraiser, and Commercial Appraisal / Appraiser,
commercial appraisal la Coverage Areas: 93510, , Probate Appraiser, Date of Death Appraiser,
commercial appraisal southern california, Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815, 90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003 /90007 / 90011 / 90037 / 90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 / 91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 - 91602 / 91604 - 91607
North Long Beach (Long Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ. 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 / 93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park 90064
Redondo Beach 90277 - 90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003 / 90007 / 90011 / 90037 / 90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 / 91405 - 91406 / 91411 / 91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 - 91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills 91364 / 91367
World Trade Center (Long Beach) 90831 - 90832
Please call for Orange County, Ventura County, Riverside County, San Bernardino, County
Coverage Areas, Real Estate Appraiser Orange Riverside Ventura San Bernardino Counties,
Foreword
This is the fifth edition of the Uniform Appraisal Standards for Federal Land Acquisitions. The
Standards were originally published in 1971 with the most recent revision published in 1992. The
existing Standards have earned a prestigious position. They are frequently cited by Congress in
legislation relating to the valuation of federal land acquisitions and have guided the appraisal
process in these matters since their original issuance by the Interagency Land Acquisition
Conference. & The Interagency Land Acquisition Conference, established on November 27, 1968,
by invitation of the Attorney General, is a voluntary organization composed of representatives from
the many federal agencies engaged in the acquisition of real estate for public uses. The
Conference adopted and continues to adhere to several goals with respect to land acquisition,
including the promulgation of uniform appraisal standards and guidelines for appraisal reports. The
broad experience of the member representatives of the Interagency Land Acquisition Conference
assures that the federal appraisal standards developed for land acquisitions are uniform, fair, and
efficient. The Interagency Land Acquisition Conference is chaired by the Assistant Attorney
General for the Environment and Natural Resources Division, Department of Justice. Its activities
are conducted by ad hoc committees composed of member representatives.
The Interagency Land Acquisition Conference Executive is Virginia P. Butler, Chief of the Land
Acquisition Section of the Environment and Natural Resources Division, Department of Justice.
James D. Eaton, MAI, of the Appraisal Unit, Department of Justice, authored this 2000 revision of
the Uniform Appraisal Standards for Federal Land Acquisitions. He was assisted in this effort by
Appraisal Unit Chief Brian Holly, MAI; trial attorney Marc Gordon; and Ms. Butler. These Standards
were submitted to the Appraisal Institute for editorial review and the Department of Justice grate-fully
acknowledges the editorial assistance of the Appraisal Institute in their preparation. While the vast
majority of federal land acquisition is achieved through voluntary means, sometimes litigation is
necessary. With this in mind, Mr. Eaton has done an admirable job of updating the case law,
expand-ing the treatment of novel or difficult valuation questions, and recognizing the vast changes
that have recently characterized the real estate appraisal profession.
2006 Appraisal Information Needs Survey Results
During August 2006, the NATIONAL ASSOCIATION OF REALTORS®’ (NAR) Marketing Research
Department invited 86,777 appraiser members and recipients of the Appraisal Section of the weekly
NAR ListServe message to participate in an online survey. Findings reflected in this report were
collected from responses received between August 10th and 25th, 2006.
The goal of the survey was to understand how Appraiser members conduct their business, obtain
appraisal industry information, and make decisions on their appraisal education and designations.
Forensic appraising adds in the positive
Process involves combining all the variables affecting a property to create a predicted value
Dayton Business Journal - May 15, 1998 by John Niehaus News Staff Reporter
Print this Article Email this Article Reprints RSS Feeds Most Viewed Most Emailed
Joel Henson's business, Dixie Drywall Co., is located on about one-and-a-half acres of land off
Valley Street. About one acre of the property is grass.
Instead of continually paying a landscaping company $75 to cut the grass, he decided to try to sell
that piece of his property. After determining an asking price, he called Ron Kuczak, a local real
estate appraiser.
"He came out and gave me my options,"
Henson said. "He more or less determined
what the land would be worth if I kept it and
put up some warehouses."
USPAP 2006: The Loss Of A Few Terms Will Be Less Confusing, I Think December 28th, 2005 by
John Cicero
In January 2006 the new edition of USPAP will be available and distributed, though its changes will
not become effective until June. The Appraisal Standards Board
REVISIONS TO USPAP AND ADVISORY OPINIONS
The revisions in the 2006 Edition of USP Appraisal Practice are the result of two major Appraisal
Standards Board (ASB) initiatives: (1) examination of the proper role of the scope of work and
departure concepts in the appraisal process; and (2) specific review of STANDARDS 9 and 10. The
ASB formally adopted the 2006 USPAP on October 28, 2005 based on testimony presented at
public meetings, responses to three Concept Papers, six Exposure Drafts, and extensive
deliberation by the ASB over a two-year period. (USPAP 2006 Q & A) The effective date of the
2006 USPAP is July 1, 2006 commercial.
UNIFORM STANDARDS OF PROFESSIONAL APPRAISAL PRACTICE 2006
FHA training comes to the Pacific Northwest:
June 12, 2006 - Salem, OR. FHA Program Update, Appraisal Reform, & Home Equity Conversion Mortgage
Training. Approved for 6 hrs Continuing Education Credit. Registration required, no fee.
REAL ESTATE APPRAISAL
Nature of Appraisal Work (U.S. Department of Labor
Bureau of Labor Statistics)
Commercial appraisers and assessors of real estate estimate the value of real property for a variety of purposes,
such as to assess property tax, to determine a sales price, or to determine the amount of a mortgage that might be
granted on a property. They may be called on to determine the value of any type of real estate, ranging from
farmland to a major shopping center, although they often specialize in appraising or assessing only a certain type
of real estate such as residential buildings or commercial properties. Assessors determine the value of all
properties in a locality for property tax purposes whereas appraisers appraise properties one at a time for a variety
of purposes, such as to determine what a good sale price would be for a home or to settle an estate or aid in a
divorce settlement.
FannieMae's Property (Commercial Appraiser, SIC) and Appraisal Guidelines—details their general requirements
for analyzing the property residential appraisal, rather than commercial, aspects of conventional mortgages
secured by one- to four-family properties. It also discusses special considerations for certain types of housing-
units in condominium, PUD, and cooperative projects; manufactured (and other factory-built) homes; Community
Living group homes; mixed-use properties; properties affected by environmental hazards; urban properties;
affordable housing program properties; properties located in special assessment or community facilities districts;
properties subject to leasehold interests (including those held by community land trusts); and energy-efficient
properties—that merit special consideration in the property and appraisal review. Because the evaluation of a
property is such a vital part of the risk analysis, they expect a lender to place as much emphasis on underwriting
the property and reviewing the appraisal as it does on underwriting the borrower's commercial creditworthiness.
FDIC Law, Regulations, Related Acts § 323.4 Minimum appraisal standards.
For federally related transactions, all appraisals shall, at a minimum:
Is property owner liable when horse and rider fall on driveway?
For information on registering your business capabilities to assist in the
Hurricane Katrina disaster relief efforts pleas
FOUNDATION NEWS -
-The Appraisal Foundation is a non-profit educational organization founded to foster professionalism in appraising
through the establishment and promotion of (commercial) appraisal standards and (commercial) appraiser
qualifications.-
Editor’s note: On March 16, 2001, Daniel Muller of Morgan Miller Blair presented, “What Every Real Estate Attorney
Should Know About Inverse Condemnation,” to the real property section of the CCCBA. This article discusses
developments in the areas of inverse condemnation and eminent domain (direct condemnation) in the six months
since the presentation. For an outline of the presentation call (925) 937-3600. nverse Condemnation Plaintiffs
suffered setbacks in three inverse condemnation cases decided in 2001. However, a judge in a federal district
court case granted plaintiff’s motion for summary judgment, enjoining the agency from an impending
condemnation for failure to show a public use or purpose for the project.
Cityfeet.com is the premier online resource for finding commercial real estate, specializing in office space,
executive suites, retail, and investment property. Learn more.
ENVIRONMENTAL , GOVERNMENT , PROPERTY & REAL ESTATE, WATER
Turlock Irrigation Dist. v. Zanker, No F047094 (Cal. 5th App. Dist. June 26, 2006)
Judgment partially against a town in litigation concerning the scope of its right to receive treated water for domestic
use and other needs of the town is affirmed where the trial court (comercial appraiser sic) correctly found that the
districts must continue to provide water to the town, but the reasonable cost of treating the water to make it suitable
for domestic use may be passed through to the consumer.
Commercial Appraiser, Commercial Appraiser Los Angeles, Commercial Real Estate Appraisal, Estate Appraiser,
Residential Appraiser, Apartment Appraiser, Appraisal, Special Purpose Property, Office Property, California
Appraiser, PMI Removal Appraiser, Fee Appraisal. Certified General Appraiser, Estate Tax Appraiser
Appraisal Services: Appraiser, Commercial Appraisal, Real Estate Appraisal, Residential Appraiser, Eminent
Domain Appraiser, Apartment Appraiser, Special Purpose Property, Office Property, California Appraiser, PMI
Removal Appraiser, Free Appraisal. Certified General Appraiser, Tax Appraiser
CIVIL PROCEDURE, DEBT COLLECTION, ETHICS & PROFESSIONAL RESPONSIBILITY, & REAL ESTATE,
REMEDIES
Rusheen v. Cohen, No. S123203 (Cal. February 23, 2006)
Where a cause of action is based on a communicative act, the litigation privilege of Civil Code section 47 extends to
those noncommunicative actions which are necessarily related to that communicative act.
Curtis - Rosenthal, Inc., LA Commercial Appraiser, Probate and estate, Trust Appraiser
Tax Appraiser, Property Tax, Forensic Appraiser Los Angeles, Forensic Appraisal, commercial appraisal la, ,
Probate Appraiser, Date of Death Appraiser, commercial appraisal southern california
commercial appraisal
southern california,
SERVICES SPANISH
TRANSLATION:
el valuador comercial, la
evaluación comercial, el
valuador Los Angeles,
valuador de bienes raíces,
experto comercial presencia
bienes raíces, los bienes
raíces
ca commercial appraiser
Real Estate Appraiser Orange
Riverside Ventura San
Bernardino Counties,
valuador comercial, valuador
comercial de bienes raíces,
Valuador Comercial de
bienes raíces Los Angeles,
Propaganda de Valuador,
Valuador Los Angeles,
Valuador de Propiedad,
Valuador de Protocolización,
Valuador de Confianza,
Valuador de Impuesto,
Valuador de MAI, LA, L.UN.,
bienes raíces Los Angeles,
valuador de tierra Los
Angeles, inspectores
comerciales de bienes raíces,
corredores de bienes raíces,
Los Angeles, valuador bienes
raíces, Valuador Los Angeles,
evaluación llp, marca a
evaluación marcador,
Valuador Comercial Tierra,
Valuador Especial Propiedad
Propósito, Valuador
Propiedad Oficina, evaluación
Comercial, El valuador,
Valuador de Apartamento Los
Angeles, Valuador Comercial
de bienes raíces Los
Angeles, VANDEMA, California
Meridional Valuador
Comercial de bienes raíces,
Valuador Residencial,
Valuador de Apartamento, la
Evaluación Comercial,
Valuador de California,
Valuador de Eliminación de
PMI, Liberta la Evaluación,
Valuador General Certificado,
Valuador de Impuesto, Multi
Valuador de Familia, Valuador
Bancario, el instituto de la
evaluación, testigo experto, se
atasca los servicios de la
valoración de jarra, los bienes
raíces, los bienes raíces, el
valuador de bienes raíces,
legaliza a valuador, valuador
de impuesto de propiedad,
valuador de apartamento,
solo valuador de la familia,
valuador bueno, en casa
valuador,
93510
Los Angeles County, Residential
Appraiser, Real Estate Appraiser,
and Commercial Appraisal /
Appraiser Coverage Areas: 93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 /
91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson)
90747
Cal State Long Beach (Long
Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 -
91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita)
91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills)
90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State
(Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente)
91745
Hancock Park (City of LA) 90004 /
90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 /
91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights)
91745
La Puente (Rowland Heights)
91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA)
91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813
- 90815, 90822
Long Beach (Cal State Long
Beach) 90840
Long Beach (McDonnell Douglas)
90846
Long Beach (North Long Beach)
90805
Long Beach (World Trade Ctr)
90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights)
90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 /
91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003
/90007 / 90011 / 90037 /
90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 /
91405 - 91406 / 91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 /
91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long
Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 -
91602 / 91604 - 91607
North Long Beach (Long
Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ.
91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 /
93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 -
91107
Pasadena (Cal Tech) 91125 -
91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 /
90717 / 90732
Rancho Park 90064
Redondo Beach 90277 -
90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente)
91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon
Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia)
91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9
1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003
/ 90007 / 90011 / 90037 /
90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 /
90277 - 90278
Tropico (Glendale) 91204 -
91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita)
91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 /
91405 - 91406 / 91411 /
91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 -
91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College)
90608
Whittier College (Whittier)
90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank)
91510
Woodland Hills 91364 / 91367
World Trade Center (Long
Beach) 90831 - 90832
southern california,
SERVICES SPANISH
TRANSLATION:
el valuador comercial, la
evaluación comercial, el
valuador Los Angeles,
valuador de bienes raíces,
experto comercial presencia
bienes raíces, los bienes
raíces
ca commercial appraiser
Real Estate Appraiser Orange
Riverside Ventura San
Bernardino Counties,
valuador comercial, valuador
comercial de bienes raíces,
Valuador Comercial de
bienes raíces Los Angeles,
Propaganda de Valuador,
Valuador Los Angeles,
Valuador de Propiedad,
Valuador de Protocolización,
Valuador de Confianza,
Valuador de Impuesto,
Valuador de MAI, LA, L.UN.,
bienes raíces Los Angeles,
valuador de tierra Los
Angeles, inspectores
comerciales de bienes raíces,
corredores de bienes raíces,
Los Angeles, valuador bienes
raíces, Valuador Los Angeles,
evaluación llp, marca a
evaluación marcador,
Valuador Comercial Tierra,
Valuador Especial Propiedad
Propósito, Valuador
Propiedad Oficina, evaluación
Comercial, El valuador,
Valuador de Apartamento Los
Angeles, Valuador Comercial
de bienes raíces Los
Angeles, VANDEMA, California
Meridional Valuador
Comercial de bienes raíces,
Valuador Residencial,
Valuador de Apartamento, la
Evaluación Comercial,
Valuador de California,
Valuador de Eliminación de
PMI, Liberta la Evaluación,
Valuador General Certificado,
Valuador de Impuesto, Multi
Valuador de Familia, Valuador
Bancario, el instituto de la
evaluación, testigo experto, se
atasca los servicios de la
valoración de jarra, los bienes
raíces, los bienes raíces, el
valuador de bienes raíces,
legaliza a valuador, valuador
de impuesto de propiedad,
valuador de apartamento,
solo valuador de la familia,
valuador bueno, en casa
valuador,
93510
Los Angeles County, Residential
Appraiser, Real Estate Appraiser,
and Commercial Appraisal /
Appraiser Coverage Areas: 93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 /
91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson)
90747
Cal State Long Beach (Long
Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 -
91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita)
91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills)
90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State
(Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente)
91745
Hancock Park (City of LA) 90004 /
90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 /
91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights)
91745
La Puente (Rowland Heights)
91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA)
91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813
- 90815, 90822
Long Beach (Cal State Long
Beach) 90840
Long Beach (McDonnell Douglas)
90846
Long Beach (North Long Beach)
90805
Long Beach (World Trade Ctr)
90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 -
90015 / 90017 / 90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights)
90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 /
91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003
/90007 / 90011 / 90037 /
90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 /
91405 - 91406 / 91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 /
91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long
Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 -
91602 / 91604 - 91607
North Long Beach (Long
Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ.
91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 /
93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 -
91107
Pasadena (Cal Tech) 91125 -
91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 /
90717 / 90732
Rancho Park 90064
Redondo Beach 90277 -
90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente)
91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon
Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia)
91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9
1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003
/ 90007 / 90011 / 90037 /
90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 /
90277 - 90278
Tropico (Glendale) 91204 -
91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita)
91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 /
91405 - 91406 / 91411 /
91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 -
91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College)
90608
Whittier College (Whittier)
90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank)
91510
Woodland Hills 91364 / 91367
World Trade Center (Long
Beach) 90831 - 90832
Site Map
http://www.harriscompanyrec.com/orange_county_appraiser.html
http://www.harriscompanyrec.com/orange_county_appraiser_anaheim.html
http://www.harriscompanyrec.com/orange_county_appraiser_fountain_valley.html
http://www.harriscompanyrec.com/orange_county_appraiser_fullerton.html
http://www.harriscompanyrec.com/orange_county_appraiser_garden_grove.html
http://www.harriscompanyrec.com/orange_county_appraiser_irvine.html
http://www.harriscompanyrec.com/orange_county_appraiser_santa_ana.html
http://www.harriscompanyrec.com/orange_county_appraiser_tustin.html
http://www.harriscompanyrec.com/orange_county_appraiser_westminster.html
http://www.harriscompanyrec.com/riverside_county_appraiser.html
http://www.harriscompanyrec.com/riverside_county_corona_appraiser.html
http://www.harriscompanyrec.com/riverside_county_palm_springs_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_chino_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_chino_hills_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_montclair_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_ontario_appraiser.html
http://www.harriscompanyrec.com/ventura_county_appraiser.html
http://www.harriscompanyrec.com/ventura_county_moor_park_appraiser.html
http://www.harriscompanyrec.com/ventura_county_simi_valley_appraiser.html
http://www.harriscompanyrec.com/ventura_county_thousand_oaks_appraiser.html
http://www.harriscompanyrec.com/ventura_county_appraiser.html
http://www.harriscompanyrec.com/riverside_county_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_appraiser.html
http://www.harriscompanyrec.com/Orange_County_Appraiser.html
http://www.harriscompanyrec.com/Appraiser-AppraisalInfoMine3.html
http://www.harriscompanyrec.com/Appraiser-Appraisal-Archive5.html
http://www.harriscompanyrec.com/Appraiser-Appraisal-Archive4.html
http://www.harriscompanyrec.com/Appraiser-Appraisal-Archive4.html
http://www.harriscompanyrec.com/AppraisalInfoMineLinks.html
http://www.harriscompanyrec.com/index.html
http://www.harriscompanyrec.com/Archives.html
http://www.harriscompanyrec.com/Archive3.html
http://www.harriscompanyrec.com/appraisalaboutus.html
http://www.harriscompanyrec.com/services.html
http://www.harriscompanyrec.com/appraisalcontactus.html
http://www.harriscompanyrec.com/Links.html
http://www.harriscompanyrec.com/JustforFun.html
http://www.harriscompanyrec.com/LinkPartners.html
http://www.harriscompanyrec.com/AppraisalInfoMineLinks.html
http://www.harriscompanyrec.com/AppraisalInfoMine.html
http://www.harriscompanyrec.com/sitemap.html
http://harriscompanyrec.wordpress.com/
http://www.harriscompanyrec.com/FHA_VA_HUD_Appraiser.html
http://www/harriscompanyrec.com/newsfeeds.html
http://www.harriscompanyrec.com/eminent_domain_appraisal_appraiser.html
http://www.harriscompanyrec.com/orange_county_appraiser.html
http://www.harriscompanyrec.com/orange_county_appraiser_anaheim.html
http://www.harriscompanyrec.com/orange_county_appraiser_fountain_valley.html
http://www.harriscompanyrec.com/orange_county_appraiser_fullerton.html
http://www.harriscompanyrec.com/orange_county_appraiser_garden_grove.html
http://www.harriscompanyrec.com/orange_county_appraiser_irvine.html
http://www.harriscompanyrec.com/orange_county_appraiser_santa_ana.html
http://www.harriscompanyrec.com/orange_county_appraiser_tustin.html
http://www.harriscompanyrec.com/orange_county_appraiser_westminster.html
http://www.harriscompanyrec.com/riverside_county_appraiser.html
http://www.harriscompanyrec.com/riverside_county_corona_appraiser.html
http://www.harriscompanyrec.com/riverside_county_palm_springs_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_chino_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_chino_hills_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_montclair_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_ontario_appraiser.html
http://www.harriscompanyrec.com/ventura_county_appraiser.html
http://www.harriscompanyrec.com/ventura_county_moor_park_appraiser.html
http://www.harriscompanyrec.com/ventura_county_simi_valley_appraiser.html
http://www.harriscompanyrec.com/ventura_county_thousand_oaks_appraiser.html
http://www.harriscompanyrec.com/ventura_county_appraiser.html
http://www.harriscompanyrec.com/riverside_county_appraiser.html
http://www.harriscompanyrec.com/san_bernardino_county_appraiser.html
http://www.harriscompanyrec.com/Orange_County_Appraiser.html
http://www.harriscompanyrec.com/Appraiser-AppraisalInfoMine3.html
http://www.harriscompanyrec.com/Appraiser-Appraisal-Archive5.html
http://www.harriscompanyrec.com/Appraiser-Appraisal-Archive4.html
http://www.harriscompanyrec.com/Appraiser-Appraisal-Archive4.html
http://www.harriscompanyrec.com/AppraisalInfoMineLinks.html
http://www.harriscompanyrec.com/index.html
http://www.harriscompanyrec.com/Archives.html
http://www.harriscompanyrec.com/Archive3.html
http://www.harriscompanyrec.com/appraisalaboutus.html
http://www.harriscompanyrec.com/services.html
http://www.harriscompanyrec.com/appraisalcontactus.html
http://www.harriscompanyrec.com/Links.html
http://www.harriscompanyrec.com/JustforFun.html
http://www.harriscompanyrec.com/LinkPartners.html
http://www.harriscompanyrec.com/AppraisalInfoMineLinks.html
http://www.harriscompanyrec.com/AppraisalInfoMine.html
http://www.harriscompanyrec.com/sitemap.html
http://harriscompanyrec.wordpress.com/
http://www.harriscompanyrec.com/FHA_VA_HUD_Appraiser.html
http://www/harriscompanyrec.com/newsfeeds.html
http://www.harriscompanyrec.com/eminent_domain_appraisal_appraiser.html
Commercial Loan Workout/Modification Appraiser, Commercial Appraiser, Commercial Appraiser Los Angeles (LA) and Southern California (CA)Commercial Appraisal
Commercial Appraiser, Commercial Loan Workout/Modification Appraiser, Commercial Appraiser Los Angeles (LA) and Real Estate Consultant, Los Angeles, California CA, Commercial Appraisal
Condemnation Appraiser, Inverse Condemnation Appraiser, Eminent Domain Appraiser appraisal, Commercial Appraiser, Residential Appraiser, Los Angeles, California, Commercial Appraisal, Commercial Loan Workout/Modification Appraiser,
Commercial Appraiser Los Angeles, California, Commercial Loan Workout/Modification Appraiser,
Appraisal Institute, Residential Appraiser, Curtis-Rosenthal Inc., Commercial Appraiser and Real Estate Consultant, Los Angeles, California Commercial Appraiser, Commercial Appraisal Los Angeles, Commercial appraisal la, comercial appraiser, Expert Witness, Real Estate consultant, LA, L.A., Condemnation Appraiser, Inverse Condemnation Appraiser, Southern Californiacommercial appraiser,appraiser los angeles, real estate appraiser,commercial expert witness real estate, real property,commercial appraiser, commercial real estate, Los Angeles, Estate , Probate, Trust, Tax, MAI Appraiser, LA, L.A., real estate land los angeles, commercial real estate inspectors, real estate brokers, los angeles, real estate appraiser, Los Angeles, llp, mark to marker, Land Appraiser, Special Purpose Property Appraiser, Office Property, Commercial appraisal, Restaurant, Apartment, VANDEMA, Southern California Commercial Real Estate, Residential Appraiser, Apartment Appraiser,California Appraiser,PMI Removal, Certified General, Tax , Multi Family , Bank appraisal institute, Apraiser, Comercial Apraiser| Some links within this site require the free adobe acrobat reader |
| We Make a Simple Pledge to Communicate, in a timely Fashion, each appraisal, analysis, and opinion without bias or partiality Abstain from behavior that is deleterious to our clients, the appraisal profession, and the public Hold paramount the confidential nature of the appraiser/consultant - client relationship and Comply with the requirements of the Uniform Standards of Professional Appraisal Practice and the Code of Professional Ethics of the National Society of Real Estate Appraisers |
The Harris Company, Commercial Loan Workout/Modification Appraiser
Home Page
| Liberte Spanis al Traductor inglés Web page: Incorpore la dirección del Web de la página que usted desea traducir |
| Copyright 2005, 2006 All Rights Reserved No portion of this page, text, images or code, may be copied, reproduced, published or distributed in any medium without the expressed written permission of the copyright holder. The information you obtain at this site is not, nor is it intended to be, legal advice. You should consult an attorney for individual advice regarding your own situation. Web Master: Cochise@justice.com |
| Appraisers Talk Back! Forum A Public Affairs Appraisal Forum |
| Millionaire $ervices |
Los Angeles County, Residential Appraiser, Real
Estate Appraiser, and Commercial Appraisal /
Appraiser Coverage Areas: 93510
Agoura 91301
Agua Dulce, Saugus 91350
Airport Worldway 90009
Alhambra 91801, 91803
Altadena 91001
Arcadia 91006 ,91007
ARCO Towers 90071
Arleta 91331
Artesia 90680
Athens 90044
Atwater Village 90039
Avalon 90704
Azusa 91702
Baldwin Hills 90008
Baldwin Park 91706
Bassett 91746
Bel Air Estates 90049. 90077
Bell 90201
Bell Gardens 90201
Bellflower 90706
Beverly Glen 90077, 90210
Beverly Hills 90210 - 90212
Biola Univ. (La Mirada) 90639
Boyle Heights 90033
Bradbury 91010
Brentwood 90049
Burbank 91501 - 91502 / 91506 / 91523
Burbank (Glenoaks) 91504
Burbank (Woodbury Univ.) 91510
Cal State Dominguez Hills (Carson) 90747
Cal State Long Beach (Long Beach) 90840
Cal State Northridge 91330
Cal Tech (Pasadena) 91125 - 91126
Calabasas 91302/91372
Canoga Park 91303 - 91304
Canyon Country (Santa Clarita) 91351
Carson 90745 - 90746
Carson (CS Univ. Dominguez Hills) 90747
Carson/Long Beach 90810
Castaic 91310 / 91384
Castellemare 90272
Century City 90067
Cerritos 90701
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
City Terrace 90063
Civic Center 90012
Claremont 91711
Commerce, 90040
Compton 90220 - 90222
Country Club Park 90019
Covina 91722 - 91724
Crenshaw 90008
Cudahy 90201
Culver City 90230 / 90232
Cypress Park) 90065
Diamond Bar 91765 / 91789
Dominguez Hills, Cal State (Carson) 90747
Downey 90240 - 90242
Downtown Los Angeles 90013 - 90015 / 90017 /
90021 / 90029
Eagle Rock 90041
East Los Angeles 90022
East Los Angeles 90023
East Rancho Dominguez 90221
Echo Park 90026
Edwards AFB 93523
El Monte 91731 - 91732
El Segundo 90245
El Sereno 90032
Elizabeth Lake 93532
Encino91316 / 91436
Federal Bldg (Lawndale) 90261
Firestone Boy Scout Res. 92621
Florence 90001
Gardena 90247 - 90249
Glassell Park 90065
Glendale 91201 - 91208
Glendale (La Crescenta) 91214
Glendale (Tropico) 91204 - 91205
Glendale (Verdugo City) 91046
Glendora 91740 - 91741
Glenoaks (Burbank) 91504
Granada Hills 91344
Griffith Park 90027
Hacienda Heights (La Puente) 91745
Hancock Park (City of LA) 90004 / 90020
Harbor City 90710
Hawaiian Gardens 90716
Hawthorne (Holly Park) 90250
Hermosa Beach 90254
Hi Vista 93535
Hidden Hills 91302
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Huntington Park 90255
Hyde Park 90043
Industry, City of 91744 / 91746 / 91789
Inglewood 90301 - 90303, 90305
Irwindale 91706
Jefferson Park ) 90018
Juniper Hills 93543
Koreatown 90005
La Canada-Flintridge 91011
La Crescenta (Glendale) 91214
La Habra Heights 90631
La Mirada 90638
La Mirada (Biola Univ.) 90639
La Puente 91744/91746
La Puente (Hacienda Heights) 91745
La Puente (Rowland Heights) 91748
La Verne 91750
Ladera Heights 90056
Lake Hughes 93532
Lake Los Angeles 93550 / 93591
Lake View Terrace (City of LA) 91342
Lakewood 90712 - 90713 / 90715
Lancaster 93534 - 93536
Lawndale 90260
Lawndale (Federal Bldg) 90261
LAX Area 90045
Leimert Par 90008
Lennox 90304
Littlerock 93543
Llano 93544
Lomita 90717
Long Beach 90802 - 90808, 90813 - 90815, 90822
Long Beach (Cal State Long Beach) 90840
Long Beach (McDonnell Douglas) 90846
Long Beach (North Long Beach) 90805
Long Beach (World Trade Ctr) 90831 - 90832
AIr Port Worldway 90009
ARCO Towers 90071
Arleta 91331
Atwater Village 90039
Bel Air Estates 90049 / 90077
Beverly Glen 90077 / 90210
Boyle Heights 90033
Brentwood 90049
Cal State Northridge 91330
Canoga Park 91303 / 91304
Century City 90067
Chatsworth 91311
Cheviot Hills 90064
Chinatown 90012
Civic Center 90012
Country Club Park 90019
Crenshaw 90008
Cypress Park 90065
Downtown Los Angeles 90013 - 90015 / 90017 /
90021 / 90029
Eagle Rock 90041
East Los Angeles 90023
Echo Park 90026
El Sereno 90032
Encino 91316 / 91436
Glassell Park 90065
Granada Hills 91344
Griffith Park 90027
Hancock Park 90004 / 90020
Harbor City 90710
Highland Park 90042
Hollywood 90028 / 90038 / 90068
Hyde Park 90043
Jefferson Prk 90018
Los Angeles (Koreatown) 90005
Los Angeles (Ladera Heights) 90056
Lake View Terrace) 91342
(LAX Area) 90045
(Leimert Park) 90008
(Los Feliz) 90027
(Mar Vista) 90066
Mid City) 90019
(Mission Hills) 91345
(Montecito Heights) 90031
(Mount Olympus) 90046
(Mt. Washington) 90065
(North Hills) 91343
North Hollywood) 91601 - 91602 / 91604 - 91607
Northridge) 91324-91325
Pacific Highlands) 90272
Pacific Palisades) 90272
Pacoima) 91331
(Palms) 90034
Panorama City) 91402
(Park La Brea) 90036
(Pico Heights) 90006
Playa del Rey) 90293
(Porter Ranch) 91326
(Rancho Park) 90064
Reseda) 91335
San Pedro) 90731-90732
(Sawtelle) 90022
(Shadow Hills) 91040
Sherman Oaks) 91403 / 91423
(Silverlake) 90026
(South Central) 90001 / 90003 /90007 /
90011 / 90037 / 90047 / 90061 - 90062
(Studio City) 91604
Sun Valley) 91352
(Sunland) 91040
(Sylmar) 91342
(Tarzana) 91356
(Terminal Island) 90731
(Toluca Lake) 91602
(Tujunga) 91042
(USC) 90089
(Valley Village) 91607
Van Nuys) 91401- 91403 / 91405 - 91406 /
91411 / 91423
(Venice) 90291
(Watts) 90002/90059
(West Adams) 90016
(West Beverly) 90048
(West Fairfax) 90035
West Hills) 91307
(West Los Angeles) 90025
(Westchester) 90045
(Westlake) 90057
Westwood) 90024
Wilmington) 90744
(Wilshire Blvd) 90010
(Winnetka) 91306
(Woodland Hills) 91364 / 91367
Los Feliz (City of LA) 90027
Los Nietos 90606
Lynwood 90262
Malibu 90265
Manhattan Beach 90266
Mar Vista (City of LA) 90066
Marina del Rey 90292
Maywood 90270
McDonnell Douglas (Long Beach) 90846
Mid City 90019
Mission Hills A) 91345
Monrovia 91016
Montebello 90640
Montecito Heights 90031
Monterey Hill90032
Monterey Park 91754-91756
Montrose 91020
Mount Olympus 90046
Mount Wilson 91023
Mt. Washington 90065
Newhall (Santa Clarita) 91321
North Hills 91343
North Hollywood91601 - 91602 / 91604 -
91607
North Long Beach (Long Beach) 90805
Northridge 91324 - 91325
Northridge, Cal State Univ. 91330
Norwalk 90650
Oak Park 91301
Pacific Highlands 90272
Pacific Palisades90272
Pacoima 91331
Palmdale 93550 - 93552 / 93591
Palms 90034
Palos Verdes Estates 90274
Panorama City 91402
Paramount 90723
Park La Brea 90036
Pasadena 91101 / 91103 - 91107
Pasadena (Cal Tech) 91125 - 91126
Pearblossom 93553
Phillips Ranch 91766
Pico Heights 90006
Pico Rivera 90660
Playa del Rey 90293
Playa Vista 90094
Pomona 91766-91768
Porter Ranch 91326
Quartz Hill 93536
Rancho Dominguez 90220
Rancho Palos Verdes 90275 / 90717 / 90732
Rancho Park 90064
Redondo Beach 90277 - 90278
Reseda 91335
Rolling Hills 90274
Rolling Hills Estates 90274
Rosemead 91770
Rosewood 90222
Rowland Heights (La Puente) 91748
San Dimas 91773
San Fernando 91340
San Gabriel 91775 - 91776
San Marino 91108
San Pedro (0731 - 90733
Santa Clarita (Canyon Country) 91351
Santa Clarita (Newhall) 91321
Santa Clarita (Valencia) 91354 - 91355
Santa Fe Springs 90670
Santa Monica 90401 - 90405
Saugus, Agua Dulce 91350
Sawtelle 90025
Shadow Hills91040
Sherman Oaks 91403 / 9 1423
Sierra Madre 91024
Signal Hill 90755
Silverlake90026
South Central (90001 / 90003 / 90007 /
90011 / 90037 / 90047 / 90061 - 90062
South El Monte 91733
South Gate 90280
South Pasadena 91030
South Whittier 90605
Stevenson Ranch 91381
Studio City 91604
Sun Valley 91352
Sunland 91040
Sylmar 91342
Tarzana 91356
Temple City 91780
Terminal Island 90731
Toluca Lake 91602
Topanga 90290
Torrance 90501-90506 / 90277 - 90278
Tropico (Glendale) 91204 - 91205
Tujunga ( 91042
Universal City 91608
USC 90089
VA Hospital (Sawtelle) 90073
Valencia (Santa Clarita) 91354 - 91355
Valinda 91744
Valley Village () 91607
Valyermo 93563
Van Nuys ( 91401 - 91403 / 91405 - 91406 /
91411 / 91423
Venice 90291
Verdugo City (Glendale) 91046
Vernon 90058
View Park 90043
Walnut 91789
Walnut Park 90255
Watts 90002 /90059
West Adams 90016
West Beverly (90048
West Covina 91790-91793
West Fairfax 90035
West Hills 91307
West Hollywood 90069
West Los Angeles 90025
Westchester 90045
Westlake 90057
Westlake Village 91361 - 91362
Westwood 90024
Whittier 90601 - 90605
Whittier (Whittier College) 90608
Whittier College (Whittier) 90608
Willowbrook 90059 / 90222
Wilmington ) 90744
Wilshire Blvd 90010
Windsor Hills 90043
WinnetkaA) 91306
Woodbury Univ. (Burbank) 91510
Woodland Hills 91364 / 91367
World Trade Center (Long Beach) 90831 -
90832
The
LOoP
LOoP
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
OnLine every Monday, 5-6pm-pst to answer all
your questions re: Real Estate and Appraising
your questions re: Real Estate and Appraising
| Search The LOoP! CSE A Real Estate Directory and Custom Search Engine, CSE |
