Appraisal Reviews with South Shore Realty Advisors, Inc

According to an announcement by the Federal Reserve, "financial institutions are required to have an effective, impartial real estate appraisal and evaluation plan," and that appraisers performing reviews ought to "have the familiarity and skills to evaluate compliance with the Federal Reserves appraisal regulations and guidelines." South Shore Realty Advisors, Inc provides appraisal review services that are impartial, efficient, professional and in accordance with the Federal Reserve's rules.

If you have questions regarding an appraisal, or if you're in the need of a real estate appraisal review, call us today.

According to the Federal Reserve, appraisal reviews "have to determine whether the appraisal or evaluation is applicable for the transaction, the uncertainty of the transaction, and whether the means by which the collateral valuation is collected ensures independence and quality." They "should also denote whether the appraisal or evaluation report is true to the engagement letter, which sets forth the range of the appraisal assignment." The Federal Reserve also says that "some banks add typical reviews with post-funding evaluations of appraisal quality for any of their high-risk or larger-value transactions as a means to help in uncovering valuation disputes."

In addition to tailoring our work to the regulations and guidelines of our review clients, there are four Fannie Mae forms that are typically used for review services, and we will prepare an appraisal review on any of them. They include an appraisal "desk" review, a "field" review, a "short" form and a "narrative" form. At South Shore Realty Advisors, Inc, we're experienced in all types of appraisal reviews, review processes and the obligations of review appraisers.

South Shore Realty Advisors, Inc knows what represents a quality appraisal and what the biggest inadequacies are, particularly in our home market. The professionals at South Shore Realty Advisors, Inc are also sufficiently experienced to admit that our competitors in our market are qualified to do good work. The Uniform Standards of Professional Appraisal Practice, or USPAP, govern appraisal reviews and appraisal reports, and you can count on us to objectively examine appraisal reports performed by others. And those others might be reviewing our work, too!

In short, here at South Shore Realty Advisors, Inc, you can have confidence in our truthful judgment, because we offer professional, impartial, ethical appraisal review services for our customers. Contact South Shore Realty Advisors, Inc for more information about our qualifications, expertise and services offered.