Richard Glesser's (richardglesser) Blog

The following is a link to an article on the internet today.  It outlines the extremes being taken to collect debts and some of the tactics used as well as consumer options.  It is imperative to be aware of these practices.  Also need to counsel elderly relatives and friends who are often targett...

An article yesterday in Yahoo outlined how many Americans are now being arrested and held for debt.  It seems that there is a proliferation of aggressive debt collection companies which buy old debts at a great discount and then aggressively pursue them.  They file court suits against those with ...

A Michigan appraisal colleague just received the following request from an underwriter.  Please keep in mind that the assignment was a typical 1004 report for financing at a typical fee. (2) APPRAISER NOTED SUBJECT IN FLIGHT PATH OF AIRPORT -APPRAISER SHOULD COMMENT ON PLANS FOR FUTURE EXPANSIONS...

Monday I completed a report for a purchase ordered by an AMC as a drive-by at lender request.  This signals me immediately that the loan is going to be made based upon the borrowers' good credit and the appraisal is merely a required formality.  I completed the report which was located in quite a...

Driving north this morning on several main two-lane highways, I grumpled under my breath as I crept along following the numerous travel trailers which slowed on every incline.  It almost seemed as though someone put out a memo which I'd missed stating all vehicles must have a travel trailer or bo...

Friday evening I received an e-mail contact from an AMC frantically trying to locate an appraiser for a property in Northern Michigan after most of the day with no success.  I called him and he gave me the address of the purchase.  I immediately asked him for the sale price as I recognized the pr...

58 years old and prepared to leap into the 21st Century, I finally opened a Facebook Page and explore e-Bay.  Forging ahead and bringing myself up to date, I've had the following results: Facebook:  I've reassociated with high school and college classmates from 35 and 40 years ago. e-Bay:  I foun...

Just saw an interview with the head of the Toronto Dominion Bank on CNN.  We need to copy our good neighbors to the North!!  Two points of interest struck me.  First, he said they do not sell their mortgages but keep them and service them.  If issues arise, they have the ability to restructure th...

June 24, 2010 Appraisal Game Changer on Horizon: HVCC Gone, BPOs, Reviews, AVMs Regulated, Greater Enforcement, Independence Reprinted with permission from Working RE Magazine:  WRE Editor's Note: Hang in there. The Financial Reform Bill, now in Senate Committee, could be a game changer for appra...

The following summary of a recent court case clearly indicates how Wells Fargo and their AMC, Rels, coerced appraisers but dodged the judicial bullet.  While the case was dismissed in favor of Wells Fargo, it was clear that a violation of HVCC took place but was judged not to affect the ability o...