Discussing the necessity of a commercial engagement letter and what information is important for the appraiser to know prior to accepting the assignment.
Learning the four tests of Highest & Best Use for properties and determining the best type of appraiser to complete the report.
Understanding the three most common approaches to value and when they are applicable when completing an appraisal report.
2020 has brought unprecedented change to the world due to the coronavirus pandemic, which prompted new temporary guidelines for appraisal.
A large, nationwide manufactured home lender was having challenges with different AMCs adapting to the unique needs and requirements of manufactured home and modular home appraisals.
A Bank was concerned about a non-performing commercial asset but did not want to incur a large cost for a new commercial appraisal. They had an older commercial appraisal in hand but were worried that the subject market had changed and therefore the market value conclusion may no longer be relevant. The Bank contacted Dart Appraisal to learn what options were available.
Dart Appraisal President, Michael Dresden attended the Mortgage Bankers Associations 2018 Annual Conference in Washington, DC where Brian Montgomery, FHA commissioner discussed reverse mortgages changes and stated FHA is seeing some things in forward FHA appraisals
The Federal Housing Administration, FHA, announced effective 10/1/2018 they will require a second appraisal on select reverse mortgage loans that are flagged by the agency as having the potential for an inflated property valuation.
Dart Appraisal offers insight clients may find useful. This includes a list of important characteristics to note, as well as potential situations, and the impact they may have on the valuation of a commercial property. We will discuss things one may see when either viewing commercial property directly, or in photographs depicted in an appraisal report.