Website: http://www.lundquistcompany.com
Phone: 916-595-3735
Fax: 916-361-1964
Email: info@lundquistcompany.com

We work regularly with home owners and attorneys during the litigation process. Whether bankruptcy, divorce or a lawsuit involving a residential property somehow, we help the appraisal process be as smooth as possible for you by providing you with quick and high quality work at a very reasonable fee.

We are based in the Sacramento area and we handle residential real estate appraisals in nine counties surrounding Sacramento. We are equipped to produce competent valuations and we understand the unique needs of our clients.

We appraise both single family residential and multi-unit properties within the Greater Sacramento Region. Our primary service areas include the counties of Sacramento, Yolo, Placer, El Dorado, San Joaquin, Solano, Stanislaus, Sutter, Yuba & Merced.

Contact us today so we can discuss your situation and determine what type of appraisal you need. We welcome any questions you might have about Lundquist Appraisal Company or the appraisal process during any type of litigation. We thank you in advance for choosing our company. We look forward to doing business together.

Check out our blogs at:
http://www.SacramentoAppraisalBlog.com
http://www.lundquistcompany.com/blog

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Technorati Tags: appraisal, attorney, Bankruptcy, Divorce, Lawsuit, Litigation, real estate appraiser, Sacramento, Valuation

This installment of Legal Briefs On Divorce is an interview with John S. Eory, Shareholder in Stark & Stark’s Divorce Group, and Richard Carabelli, Jr., MAI of Martin Appraisal Associates, Inc. Mr. Eory and Mr. Carabelli discuss the importance of a real estate appraisal in the divorces process.

This is part 1 of a two part video series. For full-length videos provided by Stark & Stark, please visit www.LegalBriefsTV.com.

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Technorati Tags: attorney, Divorce, Law, law firm, Lawyer, new jersey, Real Estate, real estate appraisal

The Three Principles Of Real Estate Valuation And Appraisals

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Technorati Tags: market analysis, real estate appraisal

12/18/2007

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Appraisers Petition 2002
Concerned Real Estate Appraisers from across America
Submit the attached petition (Which was posted on appraisersforum.com):

To: Mr. Ben Henson – Executive Director Appraisal Subcommittee (ASC) Federal Financial Institutions Examination Council email: benh1@asc.gov

cc: Other state or federal agencies with authority in the following matter

“The ASC’s mission is to ensure that real estate appraisers, who perform appraisals in real estate transactions that could expose the United States government to financial loss, are sufficiently trained and tested to assure competency and independent judgment according to uniform high professional standards and ethics.” From the ASC website.

The concern of this petition has to do with our “independent judgment” in performing real estate appraisals. We, the undersigned, represent a large number of licensed and certified real estate appraisers in the United States, who seek your assistance in solving a problem facing us on a daily basis. Lenders (meaning any and all of the following: banks, savings and loans, mortgage brokers, credit unions and loan officers in general; not to mention real estate agents) have individuals within their ranks, who, as a normal course of business, apply pressure on appraisers to hit or exceed a predetermined value.

This pressure comes in many forms and includes the following:
the withholding of business if we refuse to inflate values,
the withholding of business if we refuse to guarantee a predetermined value,
the withholding of business if we refuse to ignore deficiencies in the property,
refusing to pay for an appraisal that does not give them what they want,
black listing honest appraisers in order to use “rubber stamp” appraisers, etc.

We request that action be taken to hold the lenders responsible for this type of violation and provide for a penalty on any person or business who engages in the practice of pressuring appraisers to do dishonest appraisals that do not provide for independent judgment. We believe that this practice has adverse effects on our local and national economies and that the potential for great financial loss exists. We also believe that many individuals have been adversely affected by the purchase of homes which have been over-valued.

We thank you for your cooperation and assistance.

Sign this Petition Your name and any comments you make will be added to those below:

Signed by:…..

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Technorati Tags: economy

Two federal law changes add the amount of time it takes to get your property settled! Watch!

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Technorati Tags: Real Estate in Virginia

You have the right to receive a copy of your appraisal either at closing or after a course of action has been decided if you have paid for it.

The appraisal, though, is the property of the person who ORDERS the appraisal.

As lenders, we order the appraisal for the consumer to ensure the consumer has no influence over the appraiser(unrelated 3rd party). General/Government lending guideline.

Generally, I’ll send the appraisal to the customer over email once it passes compliance. It’s no big deal.

Your lender or mortgage broker still has the right to/or not to assign ownership of an appraisal should you wish to seek financing elsewhere.

In regards to assigning appraisals: If something doesn’t work out… no problem… but work hard, begging and pleading to get someone approved, and then they have a mother’s sister’s brother’s cousin who just started in the business… get the drift…

Stay on good terms with your lender if you have to take your financing elsewhere. There is a lot going on with applications you don’t see. That will make them more amenable to assigning your appraisal to you should you need.

Good luck,
Chris

Background: the neighbor is in debt to their eyeballs… Home equity line of credit, cars, car lease etc. I was just wondering what would happen if I offered to buy their house for less than appraisal value? IS this legit? can this be done to stop the bank from taking the house?

You can buy it for a dollar. UNless they get enough for it to release the mortgage on the house, you’ll never get a clear title to the house; the mortgage will be there untill it is released. The only thing that stops a foreclosure is an offer to pay off the amount the mortgage is currently open for.

Home Appraisal in Mercer, Burlington, and Middlesex Counties in New Jersey. Appraisals for Bankruptcy, Divorce settlements, Home Mortgage.

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Technorati Tags: appraisal, appraiser, Burlington, estate, home, Mercer, Middlesex, real

A conventional appraisal can be over-ridden at any time but I think the FHA has a time period that makes it so it can’t be changed for a specific time.

six months

We put down 18% when we bought the house 2 years ago. We know the appraisal will show it’s appreciated the needed 2% so that we don’t have to pay mortage insurance any more. Is there any way to do it w/o paying for an appraisal? ANd if not, do you know of the best way to get a cheap appraisal? We live in Missouri. Thanks!

Where in Missouri are you? I am a Realtor in Missouri and I will do a CMA for you if they will except it (which I highly doubt) and if they don’t I know a few licensed Appraisers, that I work with weekly, who charge less than $250. May be worth looking into if your unable to come up with the money. It all depends on where you are located.

E-Mail me.