Richard Glesser's (richardglesser) Blog

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Real Estate Appraiser - North Country Appraisal Services
RECENT BLOG POSTS
In reading an MSN article regarding the CEO's of several large banks justifying their salaries and pay structures before a House Panel, it was stated that one was to earn $50 million this year, albeit spread out in options and stocks and whatever other ways they find to hide the blatant theft of ...
01/13/2010
The HVCC arose out of a suit by the New York Attorney General against a major lender and an AMC (Appraisal Management Company).  The resulting guidelines of HVCC essentially have forced all lenders to use AMC's.  Go figure.  This is lobbying at its worst.  As the HVCC has taken hold, the result h...
12/20/2009
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Snow has arrived in Northwestern Michigan after a warm November devoid of the white stuff.  Here west of Gaylord in the heart of the snowbelt, we've had over 3 feet during the past 10 days.  Ski slopes are fully open and snowmobile trails are in good condition.  Come up and enjoy during the upcom...
12/18/2009
A rather recent product requested from appraisers is an Enhanced Field Review.  These products are generally requested through AMC's for problem loans.  They require a retroactive review based upon the date of the original appraisal which is typical procedure.  But then, the appraiser is asked fo...
12/18/2009
The federal government is stepping in to salvage the financial industry of America with help from overseas banks.  Wall Street appears happy with the steps taken and cautious optimism toward a recovery are harbored by many.  But two problems loom in my mind. The first is how the leaders of these ...
09/19/2008
My hope for the future of the appraisal industry is two-fold.  First, we need to establish within the governmental regulations as well as the lending industry that appraisals are a necessary component of the lending decision and process and not another obstacle to overcome.  By maintaining the hi...
08/17/2008
With the Appraisal Foundation setting the minimum requirements necessary for appraisers, all states have enacted and amended legislation to meet these requirements.  Having only experience in Ohio and Michigan, I wondered how many and which states have enacted appraiser regulations which surpass ...
08/12/2008
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It seems to me that most of the major lenders having difficult times and requiring FDIC takeovers or government assistance to bail themselves out, also have a common thread in tremendously overpaid CEO's.  Wouldn't it be prudent for the government to require that all moneys received while guiding...
08/06/2008
It appears that the entire industry believes that the HVCC has been passed as originally written and adopted by all major lending entities and regulators.  News is - it hasn't.  But I receive almost daily another invitation to join a new group or network or AMC to allow me to continue working as ...
07/31/2008
It's time for lenders to step up and solve this problem.  Yesterday's headlines stated foreclosures up 121%.  Two more banks have been taken over by the FDIC.  And still lenders take the hard line on delinquent borrowers as evidenced in the increasing foreclosure rate.  No individual with outstan...
07/26/2008
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Richard Glesser

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