Unencumbered by the thought process!

Well... I returned from the National Reverse Mortgage Lenders Associaiton annual meeting. During the meeting, I was able to discuss several appraisal issues with HUD officials who were attending and presenting information to the NRMLA members.

It looks like HUD has elected to remove licensed appraisers from the FHA Appraiser Roster! They don't know the time frame, but - it could be as soon as tomorrow or as late as never (you know the government).

One thing that is perfectly clear - lenders need to be aware that more than 50% of the appraisers on the FHA Approved Appraiser Roster were added within the past 12 months and most don't have a clue about FHA requirements and standards.

Remember, if you are a lender - HUD is holding you responsible for the appraisals in your loan files.

The open filing period is about to close... did you file your tax appeal forms? If not, you have until the end of Monday (December 1st) to get your application into the Assessment Appeal Office.

If you miss this years filing period - next year starts in July! so - get your documents in order.

Survey: Home prices rising fastest in Sacramento

Sacramento Business Journal - February 12, 2003

In the final months of 2002, the median price for an existing home rose faster in Sacramento than in any other major metropolitan area in the country, according to the National Association of Realtors…

Demand for housing is a rock, not a bubble

Sacramento Business Journal - July 2, 2004 by Michael Pattinson

As bankers talk of rising interest rates, some financial journalists are starting to talk about a "housing bubble." Again…

Nov. 14 (Bloomberg) -- Realogy Corp., owner of the Century 21 and Coldwell Banker brands, is at risk of violating the terms of its bank loans and is offering to exchange bonds at a discount for new debt.

Realogy reported $209 million of losses in the last three quarters!

Who will be left standing when we reach bottom?