Category Archives: Ethics

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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Wall Street Has Not Learned

As a follow up to this blog post, Wall Street Has Not Learned The Lessons That Created FIRREA And The Debacle of the Seventies In Real Estate Lending and Investing!, three interesting articles seem to clearly indicate the trends will continue. … Continue reading

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NY Court Allows Cuomo Suit Over Bogus Home Appraisals

“NEW YORK, June 8 (Reuters) – New York can proceed with a lawsuit accusing title insurer First American Corp of colluding with Washington Mutual Inc (WAMUQ.PK) to fraudulently inflate home values, a state appeals court unanimously ruled on Tuesday.” Read … Continue reading

Posted in Appraisal Process, Ethics, Real Estate Litigation Support, Residential Properties, Residential Valuation, Uniform Standards of Professional Appraisal Practice | Tagged ,

Uniform Appraisal Standards for Federal Land Acquisitions – Highest & Best Use

By James R. MacCrate, MAI, CRE, ASA Overview In 2000, The Interagency Land Acquisition Conference developed, promulgated, and adopted the Uniform Appraisal Standards for Federal Land Acquisitions which is an excellent guide for real estate appraisers and government agencies to … Continue reading

Posted in Business Valuation Issues, Ethics, Highest & Best Use, Uniform Standards of Professional Appraisal Practice | Tagged , , , , , , | 3 Comments

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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