NEW 2010
The Magazine >> Issue .01
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Appraiser Price Opinion
>> >> >>
by john smith
LIVEVALUATION >> Q1 2010
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In This Months Issue 1.2010
10 Reviews
2 News
4 Whats in the News 6 Whats in the News
4 Whats in the News 6 Whats in the News
15 Tech Talk
4 Whats in the News 6 Whats in the News
Contents
LVM
20 Best Practice 4 Whats in the News 6 Whats in the News
25 Field Notes 25 Things Appraisers See 25 Fraud 25 Opinion >> For Whats its Worth
21 USPAP
4 Whats in the News 6 Whats in the News
On The Cover accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore accusantium doloremque laudantium, totam rem aperiam, eaque
Inside LiveValuation
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PUBLISHER’S NOTES
THE WORKERS
LVM
Founder : Aman Makkar, Founder Publisher : Ernie Durbin, SRA, CRP Editor-in-Chief : Erica English Production : Wilferd Guenthoer Creative Director : Traci Knight National Accounts Manager : David Peck Printer : Ovid Bell Press
Advertising Information Rates, specification and deadline information available. Phone : 858.832.8900 Email : advertising@livevalmag.com
Subscription and Editorial Content Phone : 858.832.8910 Email : advertising@livevalmag.com Web : LiveValMag.com © 2010 LiveValuation Magazine. All rights reserved. LiveValuation Magazine is a California limited liability company and is the publisher of LiveValuation Magazine. Reproductions or distribution of any materials obtained in the publication without written permission is expressly prohibited. The views, claims and opinions expressed in article and advertisement herein are not necessarily those of LiveValuation Magazine, its employees, agents or directors. This publication and any references to products or services are provided “as is” without any expressed or implied warranty or term of any kind. While effort is made to ensure accuracy in the content of the information presented herein, LiveValuation Magazine is not responsible for any errors, misprints, or misinformation. Any legal information contained herein is not to be construed as legal advice and is provided for entertainment or educational purposes only. Postmaster : Please send address changes to LiveValuation Magazine, 16745 W. Bernardo Drive Suite 450 San Diego, CA 92127
W
elcome inaugural readers of LiveValuation Magazine!
The mission of our publication is to interject innovative ideas into the ongoing valuation conversation. We will focus on the fusion of technology and local professionals to enhance existing methodologies and advance new valuation solutions. No valuation space will be left unexplored. There are a plethora of valuation products in the marketplace today. AVMs, BPO’s, appraisals, and hybrid products all compete for market share in the valuation arena. Each have their own strengths and weaknesses; the strengths pointed out by their proponents, the weaknesses by their competitors. Despite their differences, frequently all of these products are employed by the same consumer, collateral risk decision-makers. LiveValuation Magazine will not avoid the natural tension between providers of these different products, we want them to engage each other in the pages of our publication. Those involved in collateral risk and other valuation decisions will benefit from the dialogue, and those with divergent opinions can learn from each other. Let’s get started.
Ernie Durbin Publisher, LiveValuation Magazine ernie@livevalmag.com
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Meetings
Strategy
Forum
Commitment to REENGINEERING the appraisal process
The CRN is a group of dedicated chief appraisers, collateral risk managers, regulators, and valuation experts who are focused on resolving the many challenges facing our profession. The Collateral Risk Network is represented by Lending Institutions, Wall Street, Fannie Mae, Freddie Mac, Veteran’s Administration, the Federal Housing Administration, and Appraisers. With the inclusion of all stakeholders in the collateral valuation space to an open dialogue, we intend to find solutions to the current crises. Through our quarterly meetings and private email network the “thought leaders” within the appraisal profession act as counsel to each other, share experiences, and assist each other in solving mutual problems. www.collateralrisknetwork.com
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