Appraisal Witness: Qualified Expert

Appraisal Witness: Qualified Expert

Appraisal Reform for Reviews

Appraisal Reform has swept the nation with The Federal Reserve directing the broom at our local and national banks. These financial institutions now must have independent, effective appraisal and valuation programs. Furthermore appraisers performing reviews must have the expertise and knowledge to comply with the Federal Reserve’s appraisal guidelines and regulations as outlined in The Uniform Standards of Professional Appraisal Practice as stipulated by the Appraisal Foundation. Durkin Valuation Associates provide appraisal review services that are professional, qualified, independent, and compliant with the 2012-2013 government guidelines.

Appraisal reform for reviews should determine the risk of the transaction, whether the process by which the collateral valuation is obtained ensures quality and independence, and whether the appraisal or valuation is appropriate for the transaction, according to new banking guidelines. The scope of the appraisal assignment which is set forth in the engagement letter must be consistent with the valuation or appraisal report. The Federal Reserve comments that post-funding evaluations of appraisal quality for some of their greater-value transactions or higher-risk transactions as a control to assist in detecting valuation problems is used by some banks to augment routine appraisal reviews.

Durkin Valuation Associates are experienced in every type of appraisal review procedure, appraisal reviews, and the latest USPAP requirements for review appraisers. Each appraisal, appraisal review, appraisal report, consultation or valuation is performed within the most up to date laws, by our qualified, Senior Professional Appraisers that are governed by USPAP, who also adhere to the highest ethical unbiased codes of our appraisal associations, ASA, NAPA and GPPA. Seventy years of combined valuation experience of 7 senior appraisers offering professional appraisal services nationwide. We realize that our work may be reviewed by banks, attorneys and courts. Every appraisal is compiled with the anticipation that this appraisal could be litigated. Every appraisal by Durkin Valuation Associates is prepared by an Expert Appraisal Witness who is prepared to give irrefutable testimony in defense of his valuation report.
Call (617) 720-0332

Expert Appraisal Witness
  1. (required)
  2. (valid email required)
Please answer the Human verification question.

cforms contact form by delicious:days

[tag]appraisal reform,appraisal review,valuation,appraisal[/tag

Be Sociable, Share!

Leave a Reply

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at

New York Times

The (Long) List of Financial Documents You Should Keep
New York Times
Estate planning documents can also be a source of contention, so hold onto the originals of any will, trust and related documents, plus beneficiary designations from insurance policies or investment accounts. If you've received an inheritance or gift ...

and more »

Ventura County Star

Sandra Sunken: How to seek a reduction in your property tax bill
Ventura County Star
Armed with the information you've collected, approach the assessor seeking first to understand the basis of their appraisal. Then position your request for a review based on the facts. Do not fall into the trap of defending your review request without ...

Here are tax tips for hurricane victims
Even if you haven't had a recent appraisal on your home, Smith says IRS formulas can help you determine the amount of loss you can claim. Different tables help calculate damage to your roof, decking and the structure of your home; the cost of interior ...

and more »

IRS Awards $2.4 Million Modernized e-File Support Contract to ...
Business Wire (press release)
The IRS has awarded Citizant a 2-year, $2.4-million task order to provide strategic program planning and support for the Modernized eFile Program.

and more »


Cap on deductions could cause a slowdown in high-end home sales ...
The new $10000 cap on deductions for state and local taxes is likely to boost demand for lower-tax homes, real estate agents said.

and more »

EquiAppraisal Signs On as Contributing Sponsor for 2018 USEA Educational Symposium
United States Eventing Association (press release) (blog)
The United States Eventing Association (USEA) would like to welcome EquiAppraisal, LLC as a Contributing Level Sponsor of the 2018 USEA Educational Symposium. This year's Educational Symposium will take place February 19-22 in Ocala, Florida at both ...

Investopedia (blog)

How to Donate to Charity Using Bitcoin
Investopedia (blog)
The rules around this form require a qualified appraisal for donations above $5,000, unless the donation qualifies as a marketable security or any of a slew of other exempt properties (check out §1.170A-13(C)(7)(xi)(B) if you're curious). "I like to ...

Kiplinger's Personal Finance: Make sure you have proof to support charitable tax deductions
Gifts of items worth more than $5,000: You generally need an appraisal valuing items worth more than $5,000, in addition to an acknowledgement from the charity. For more information, see IRS Publication 561, “Determining the Value of Donated Property ...

Reverse Mortgage and USDA/Rural News; Economics and Rates
Mortgage News Daily
Are you an LO interested in receiving a $5 Amazon Gift Card for your participation in a short survey? Tobe Agency, a digital marketing agency focused on the mortgage vertical is trying to understand the challenges that LOs face in their jobs through a ...

and more »

What records should I keep when claiming deductions? - Chicago ...
Chicago Tribune
Q: What records do I need to keep or receive from a charity to deduct my contributions when I file my 2017 taxes? A: The records you need depend on the type and the size of the gift. It's important to keep the right records in your files, so you don't ...

and more »

Google News

Copyright © 2008, 2009, 2010, 2011, 2012 All rights reserved.