Category Archives: Appraisal Reviews

POOR REAL ESTATE LENDING, UNDERWRITING, APPRAISAL REVIEW, FRAUD AND MISMANAGEMENT

By James R. MacCrate, MAI, CRE, ASA Introduction One wonders how the current financial crisis developed in this country. After all, we have faced  numerous financial crises dating back to the early 1800’s. The financial institutions, regulators, accounting firms, credit rating agencies, and … Continue reading

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Risk Management Association – The Current Status of Long Island’s Commercial Real Estate Market and What Risks Lie Ahead

Risk Management Association

Posted in Appraisal Reviews, Uniform Standards of Professional Appraisal Practice

Uniform Appraisal Standards for Federal Land Acquisitions – Sales Comparison Approach – Comparable Sales

by James R.  MacCrate, MAI, CRE, ASA    Introduction The sales comparison approach is one of three valuation approaches applied by professional real estate appraisers to provide an indication of value for the subject property.  In the sales comparison approach, … Continue reading

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Incentives, Concessions, Tax Credits & Tax Abatements

by James R.  MacCrate, MAI, CRE, ASA In the current unstable real estate market, we hear reports from the National Association of Realtors and many economists that the real estate residential housing market is stabilizing.  This is based on several … Continue reading

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Why Are There Different Appraised Values?

Why Are There Different Appraised Values? By James R. MacCrate, MAI, CRE, ASA – MacCrate Associates LLC A real estate valuation of a specific property may result in different market value estimates depending on who is doing the real estate … Continue reading

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Qualified Real Estate Appraisal Reviewers

 By James R. MacCrate, MAI, CRE, ASA An appraisal reviewer, ideally, is an unbiased, independent professional who passes judgment on another’s appraisal report. He/she is not an advocate and therefore, does not embrace the appraisal’s value estimate nor provide an … Continue reading

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Wall Street Has Not Learned The Lessons That Created FIRREA And The Debacle of the Seventies In Real Estate Lending and Investing!

By Jim MacCrate, MAI, CRE, ASA  It is amazing that the Wall Street firms, such as Bear Stearns and Goldman Sachs, are having problems with their real estate loan portfolios and may be creating a time bomb that may create … Continue reading

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