GAAPA Message Board

Corporate Forum Meeting Location

Bwells — Wed, 30 Apr 2008 15:16:43 GMT

The May meeting will be held at the Corporate Forum. Corporate Forum office complex at 4501 Circle 75 Parkway, Atlanta, GA 30339. Our meeting will be in building D room 4320. Circle 75 Parkway goes from Windy Hill (between McDonald's and Arby's) to Cobb Parkway (Hwy 41) at I-285. Corporate Forum is about a half-block off Windy Hill. www.GAAPA.org

Forum: The Water Cooler

Picnic on May 4, 2008 at High Falls

Anna — Wed, 09 Apr 2008 17:43:00 GMT

This is the third year for the appraiser's picnic which will be at the High Falls location this year. Bring your picnic basket and there will be a grill for those who want hamburgers and hotdogs. Please just contact me for an attendance confirmation. There is a per car fee to enter the park.

We hope to see you there!

Forum: The Water Cooler

E & O Insurance ???

annboles — Mon, 07 Apr 2008 18:52:18 GMT

It is time to renew our E & O.... Who do you (other appraisers) recommend? We have used Liberty/Liability Underwriters. Fees seem high to me.... any advice anyone???

Forum: The Water Cooler

John Holbrook's new classes began yesterday

Anna — Sat, 29 Mar 2008 04:49:17 GMT

To everyone at Gaapa:

I know that everyone will want to congratulate John Holbrook with the commencement of his new classes which began yesterday. Rick and I signed up for a class on Fraud and another regarding Neighborhood Statistics.

We had great fun while having the opportunity to realize yet another perspective on Stats. What a great couple of days!

Thanks again, John. We wish you the very best.

Anna and Rick

Forum: Appraiser Education

ALL COMPS REO

Eva — Mon, 24 Mar 2008 13:43:33 GMT

How on earth are we supposed to objectively reach an estimated value on a property when everything (or 93%) is REO and the rest are either flips, and I mean serious flips, or new construction? These factors do not even include a declining market depsite the attempts at urban renewal.

Forum: General Appraisal Related

Freddie Requests Comments on New Home Valuation Code of Conduct

rbrumley — Fri, 14 Mar 2008 19:30:59 GMT

FREDDIE MAC SEEKS MORTGAGE INDUSTRY COMMENTS ON NEW APPRAISAL CODE OF CONDUCT

Comments Will Be Accepted Through April 30, 2008

McLean, VA Freddie Mac (NYSE:FRE) is seeking comments from the mortgage industry on the implementation of the Home Valuation Code of Conduct (Code), which sets out standards designed to enhance appraiser independence.

The Code is being adopted as part of a March 3, 2008 agreement with the New York Attorney General and the Office of Federal Housing Enterprise Oversight (OFHEO). The Code establishes requirements governing appraisal selection, solicitation, compensation, conflicts of interest and independence.

Pursuant to the agreement, beginning January 1, 2009, Freddie Mac will only buy mortgages from lenders who adopt the Code with respect to mortgages sold to Freddie Mac.

To implement the Code with minimal disruption to the market and, as required under the agreement, Freddie Mac is requesting comments on operational and implementation issues, as well as unintended consequences or risks you identify in connection with the requirements of the Code.

Written comments must be submitted and post-marked by April 30, 2008 to Home Valuation Code of Conduct Response, Attn: Senior Vice President, Credit Risk Oversight Freddie Mac, 1551 Park Run Drive, Mail Stop D2Z, McLean VA 22102-3110. Comments must be sent by regular mail, express delivery, or electronically through a special information site on Freddie Mac's website at http://www.freddiemac.com/singlefamily/home_valuation.html.

Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.

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Forum: Fannie Mae / Freddie Mac

Freddie Mac Seeks Comments on New Appraisal Code of COnduct

rbrumley — Fri, 14 Mar 2008 14:38:03 GMT

FREDDIE MAC SEEKS MORTGAGE INDUSTRY COMMENTS ON NEW APPRAISAL CODE OF CONDUCT

Comments Will Be Accepted Through April 30, 2008

Pursuant to the agreement, beginning January 1, 2009, Freddie Mac will only buy mortgages from lenders who adopt the Code with respect to mortgages sold to Freddie Mac.

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Forum: GAAPA Issues

A few new suggestions for 2008 members

Anna — Tue, 11 Mar 2008 02:32:40 GMT

I would like to respecfully request that the members of GAAPA consider the following for this year:

Serious consideration regarding the formation of a group insurance policy for each member;

For those of us who are not able to attend evening meetings, a video on line which will be available for viewing;

Free continuing education availability as part of the membership.

Anna

Forum: GAAPA Issues

Please forward the counties in which you practice to Anna

Anna — Sun, 09 Mar 2008 04:54:23 GMT

Gaapa is compiling a leaflet with information regarding counties in which our members practice. I have sent out requests for you to respond. Please forward your county information to Anna at richardson313808@bellsouth.net or by fax to 678-965-5986. If you have any additional questions, please call me at 404.285.6321

Thanks again.

Forum: GAAPA Issues

New Fee Structure for Appraisers-GAMLS

Bwells — Sun, 24 Feb 2008 13:28:41 GMT

New Fee Structure For Appraisers

In an effort to reduce confusion and administrative overhead, Fair Share billing will be discontinued. It will be replaced with a new monthly appraiser subscription fee of $44.00, an increase of $5.00. This increase will appear on the February 29, 2008 statements. This new billing rate will ensure that every registered, licensed, and certified appraiser will know each month what their subscription fee will be.

GAMLS Corporate Center | 1414 Montreal Road | Tucker, GA 30084 | 770-493-9000

Forum: The Water Cooler

National Uniform Licensing and Certification

apprentice — Sun, 10 Feb 2008 18:48:33 GMT

Please post any AMP testing experiences for Georgia Appraisers.

Click here for the latest AF announcement.

February 6, 2008 Update on National Uniform Licensing and Certification Examination Data

At this time, it appears that there is an adequate sampling size to validate the test items based on

candidates taking the national exams through January 31. The exam vendors are scheduled to

have all exam data to The Appraisal Foundations exam developer by early next week and our

exam developer will be able to validate the data and provide answer keys back to each exam

vendor within 48 hours. Vendors will then be able to score the exams and report the scores

to their candidates by mid to late February. From that point forward, exams can be scored

instantaneously again, as they were in the past.

If youve taken the exam and do not receive your scores within the timeframe referenced above,

you should contact your exam vendor directly.

Forum: Appraiser Education

Over 1/3 of appraisers have less than 3 years experience?

BBailey — Sun, 10 Feb 2008 02:55:09 GMT

According to a recent article (January 24, 2008) in the St. Petersburg Times (Florida), more than one-third of the appraisers in the U.S. have been licensed less than 3 years. The article includes an interview with the incoming chairwoman of the FREAB. Click HERE for the article. Hopefully the article will remain available for some time.

Forum: The Water Cooler

A special message from my son in law, the appraiser.....

Anna — Fri, 08 Feb 2008 03:17:47 GMT

Hello friends, family, and colleagues,

My wife Candice Shea has taken on an incredible challenge. On Oct 24-26 , she will be walking 60 miles over the course of three days, camping out at night with thousands of other women and men taking this journey with her.

It's for an event called the Breast Cancer 3-Day, which benefits Susan G. Komen for the Cure and the National Philanthropic Trust Breast Cancer Fund. Every advancement in breast cancer research, treatment, education and prevention in the last 25 years has been touched by a Komen for the Cure grant. They are working hard to build a future without breast cancer, and I plan on raising $2200.00 to help bring us closer to that goal.

Please consider making a donation of $50.00 (or what your budget will allow). If you can't give this amount all at once, you can spread it out over four months, using the payment plan option, if you donate online at www.The3Day.org. Please also ask your employer if they will double your donation with a matching gift.

Without a cure, one in eight women in the U.S. will continue to be diagnosed with breast cancer. That's why I'm walking in the 3-Day. Because everyone deserves a lifetime.

Just follow the link below to visit my personal fundraising webpage and make a donation. If you don't want to donate online, please download and print a donation form and mail it to the address on the form. Or you can call 800.996.3DAY to donate over the phone. I would like her to reach her fundraising goal by August so don't delay!

Thank you for taking the time to read this email, and thank you for your support.

Sincerely,
Ryan and Candice Shea

P.S. Don't wait - donate today!

Click here to visit my personal page.
If the text above does not appear as a clickable link, you can visit the web address:
http://08.the3day.org/site/TR/Walk/AtlantaEvent?px=1463422&pg=personal&fr_id=1181&et=I9J696zUICnOXWTRjphWLg..&s_tafId=5950

Click here to view the team page for PINK POWER
If the text above does not appear as a clickable link, you can visit the web address:
http://08.the3day.org/site/TR/Walk/AtlantaEvent?team_id=18381&pg=team&fr_id=1181&et=LWBtUnPkhdfQyX9WrIF55w..&s_tafId=5950

Thanks for your referrals, my business depends on it!

Ryan J Shea,CREA
Realtor/Appraiser/General Contractor

Avenues of Atlanta Realty
Diversified Real Estate Advisors, Inc.
DBA:O'Shea Properties,LLC

homevalues@comcast.net
avenuesofatlantarealty@metroatlantare.com
www.MetroAtlantaRE.com

tel:
fax:

404-580-4201
404-806-0156

Forum: The Water Cooler

Percentage of Subprime Mortgages

Moderator — Sat, 19 Jan 2008 03:21:03 GMT

Link to Interactive map

Forum: The Water Cooler

:) USPAP 2008

Odysseus — Mon, 24 Dec 2007 14:59:05 GMT

Free Online version to the new USPAP 2008 and FAQ

Click here for USPAP 2008

Forum: USPAP