Folsom - Sacramento Appraisal World

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Real Estate Appraiser - Sulamo Appraisal Service
Keeping it real and keeping it positive!
RECENT BLOG POSTS
               Blogs and articles abound with tales of how appraisers are "killing" deals.  Interesting.  .  .  .  .  We do not hear how underwriting guidelines are steering the deals into the rocks.  Appraisers do not write the rules; just have to abide by them.  There are Federal, State and ind...
03/04/2010
Every day more teachers jobs are lost. State workers are on mandatory furloughs and our state is in a financial crisis.  Creative ideas are debated on how to balance the budget.  What is not typically heard is the estimated economic impact of the HVCC (Home Valuation Code of Conduct) on our state...
09/14/2009
Once again the politicians and big banks have done a great job of selling the public a story for their own benefit.  The story of saving the unsuspecting public by separating the appraiser from the pressuring broker seems to have been swallowed "hook, line and sinker" as seen in comments from "Jo...
08/31/2009
The FHA roster of approved appraisers is set to "purge" appraisers that have not meet the Certified Residential or Certified General requirements of licensing by their state on Oct, 1, 2009.  This has been a long time coming and well publicized over the past year.  The effective date was moved fr...
08/26/2009
So often we read about the HVCC and unfortunately much of it is misinformation.  Just this morning our local Folsom Telegraph had a letter written by a "Folsom Mortgage Broker" that in part stated that due the the HVCC all appraisals must be ordered by an AMC.  Sadly this myth is widely circulate...
08/26/2009
I received an interesting call today from a broker that was trying to understand an appraisal and why the value was not at the "high end of adjusted comps".  It got me to thinking of how much our world has changed and with the separation of appraiser's from the rest of the industry "for our own g...
03/20/2009
The listing and pending dates in MLS are more important than ever to be accurate.  Appraiser are required to report the days on the market for the subject and comparables along with analyzing typical marketing time and the changes in marketing time.  Yes lots of data is now required and being rev...
12/01/2008
  Change Change Change . . . . That's one thing we can count on!  Keeping up means keeping connected and now days keeping connected can be easier than ever before. What's new on the FHA horizon?  Well word has it as of 10/1 or 11/1/2008 still waiting for a clarification and written explaination t...
12/01/2008
Senate Bill 223 prohibits anyone with an interest in a real estate transaction from improperly influencing or attempting to improperly influence the results of an appraisal sought in connection with a mortgage loan. Find out more.Full text of Senate Bill 223 Now before you fall asleep or click of...
11/21/2008
It seems the rules on comparables are different depending on the type of report being done, or so I am hearing.  That explains alot of the confusion. For appraisals - most lenders require at least 2 of the closed sales to have closed within the past 90 days. In addition to the 3 closed sales ther...
11/14/2008
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CynthiaSulamo

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