Comments on: Appraisals Change on Long Island New York? http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/ North Fork Long Island NY Real Estate Blog Thu, 4 Dec 2008 00:45:12 +0000 http://wordpress.org/?v=2.3 By: laurie mindnich http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-5399 laurie mindnich Sun, 27 Jul 2008 12:58:27 +0000 http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-5399 Thanks, Glenn. Being a seasoned participant in the appraisal industry, your input is of huge value. I'm not surprised that part of the problem is lack of training- seems to be an undercurrent in the real estate venue on Long Island... Thanks, Glenn. Being a seasoned participant in the appraisal industry, your input is of huge value. I’m not surprised that part of the problem is lack of training- seems to be an undercurrent in the real estate venue on Long Island…

]]> By: Glenn A.Gabberty, SRA http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-4999 Glenn A.Gabberty, SRA Sun, 06 Jul 2008 05:28:27 +0000 http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-4999 As much as I dislike being the forebeaarer of negative news, it is my opinion that the answer to the lending debacle both on Long Island as well as nationwide (short-term, at least) will be the formation of more appraisal management companies. These companies pay state certified (usually non-profesiionally designated) appraisers a fraction of the appraisal fee and as a result, I foresee more of the same incompetence that created this mess to begin with. These companies will get what they pay for, like anyone else. I am presently the V.P of the Long Island Chapter of the Appraisal Institute, but can only speak for myself. In my 28 years of appraising on Long Island, especially on the East End, it is my experience that the problem lies within the ridiculously low requirements in becoming a NYS certified appraiser (I have fired a countless number of them over the years due to inadequate education they received in some of these proprietary appraisal schools and a lack of professionalism). Its about time that users of appraisal services pay attention to professional designations, and I am referring to the very few that are legitimate. Otherwise, it will be more of the same incompetence. As much as I dislike being the forebeaarer of negative news, it is my opinion that the answer to the lending debacle both on Long Island as well as nationwide (short-term, at least) will be the formation of more appraisal management companies. These companies pay state certified (usually non-profesiionally designated) appraisers a fraction of the appraisal fee and as a result, I foresee more of the same incompetence that created this mess to begin with. These companies will get what they pay for, like anyone else. I am presently the V.P of the Long Island Chapter of the Appraisal Institute, but can only speak for myself. In my 28 years of appraising on Long Island, especially on the East End, it is my experience that the problem lies within the ridiculously low requirements in becoming a NYS certified appraiser (I have fired a countless number of them over the years due to inadequate education they received in some of these proprietary appraisal schools and a lack of professionalism). Its about time that users of appraisal services pay attention to professional designations, and I am referring to the very few that are legitimate. Otherwise, it will be more of the same incompetence.

]]> By: laurie mindnich http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-2993 laurie mindnich Thu, 13 Mar 2008 22:41:49 +0000 http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-2993 Layla, I agree- while banks absolutely need a valuation, they don't need to have a relationship with appraisers that compromise the reality of the appraisal, good or bad. Thank you for your comment! Layla, I agree- while banks absolutely need a valuation, they don’t need to have a relationship with appraisers that compromise the reality of the appraisal, good or bad. Thank you for your comment!

]]> By: Layla http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-2986 Layla Thu, 13 Mar 2008 18:50:45 +0000 http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-2986 That's a great idea. There needed to be some changes made to appraisal industry in the Long Island area. It will be interesting to see how the new changes will affect the standards. That’s a great idea. There needed to be some changes made to appraisal industry in the Long Island area. It will be interesting to see how the new changes will affect the standards.

]]> By: laurie mindnich http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-2886 laurie mindnich Mon, 10 Mar 2008 03:05:22 +0000 http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-2886 Thanks, Bernard- we share pertinent material whenever possible; I appreciate the comment. Thanks, Bernard- we share pertinent material whenever possible; I appreciate the comment.

]]> By: Bernard Fisher Broker http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-2885 Bernard Fisher Broker Mon, 10 Mar 2008 02:53:23 +0000 http://optionsrealty.com/2008/03/08/repairing-a-leak-in-the-housing-bubble-on-long-island/#comment-2885 LONG ISLAND HAS A GREAT MARKET FOR REAL ESTATE BERNARD FISHER WWW.FISHERNYC.COM LONG ISLAND HAS A GREAT MARKET FOR REAL ESTATE

BERNARD FISHER

WWW.FISHERNYC.COM

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