Appraisal & Land Use Dynamics, Inc.


Real Estate Appraisal Feasibility & Market Studies Forensic Appraisal Reviews

Expert Witness & Litigation Support Fractional Interests Right-of-way Eminent Domain


Residential, Commercial, Industrial, Office, Multi-family, Vacant Land, Subdivision, Special Use Properties 

 

Appraisal Review Services

 


Our clients from both the private and public sector rely upon our professional expertise in the preparation of Technical Appraisal Review (TAR) reports and Forensic Appraisal Review (FAR) reports for a rather wide range of applications that may include: 1) asset/risk management; 2) collateral valuation review; 3) repurchase potential for non-performing loans; 4) underwriting; 5) internal audits; 6) regulatory and standards compliance, 7) litigation support, etc. As such, our TAR/FAR reports are carefully prepared by an experienced and seasoned review appraiser and meet the guidelines and reporting provisions of Standard Rule 3 of the Uniform Standards of Professional Appraisal Practice (USPAP) as promulgated by the Appraisal Standards Board of the Appraisal Foundation.

 

In essence the TAR/FAR reports test the accuracy, credibility, compliance and reliability of the opinion of value stated in the original appraisal (OA) report relative to its intended use and scope of work. Issues pertaining to compliance with USPAP and other controlling standards, client guidelines and state statutory and federal regulatory requirements are also addressed. The analysis and final opinion expressed within a TAR/FAR report much be well written and documented in order to withstand the potential scrutiny of bank examiners, federal and state regulators, opposing counsel and even court inquiries.

 

The following is a brief summary of typical "form-type" or complex "narrative format" TAR/FAR reports that we provide our clients:


Investigations and disciplinary actions relative to fraud, misconduct or incompetence by any real estate appraiser is a serious issue that can adversely affect the people and institutions that the appraisal profession is entrusted to serve. These matters, along with formal complaints, are handled by state licensing boards, professional appraisal associations and even the attorney general if criminal activity is suspected.  


TIERRA WEST
Appraisal & Land Use Dynamics, Inc.

D. Brian Shumway, Pres-CEO

Certified General Real Estate Appraiser

 

133 N. Buena Vista St., Suite #4, Hemet, CA 92543
Inland Empire: (951) 929-2345 / Desert & Beach: (760) 322-9322

Fax: (951) 658-9593

 

Questions?

bshumway@tierrawest.com

TIERRA WEST Appraisal & Land Use Dynamics, Inc.


Revised: March 02, 2010 by DBS