December NAIFA Meeting: Holiday Party & Discussion of Building Inspection Challenges

ASA Northern New Jersey Chapter Members are invited to join Members of the New Jersey North Chapter of NAIFA for a Holiday Party and Guest Lecture on Tuesday, December 5, 2017 at 4:00 pm at The Brookside (formerly Essex Manor), 41 Broughton Avenue, Bloomfield, NJ 07003 (Phone: 973-748-6590) [Map]. The Guest Speaker will be Paul M. Arthur, who is the principal of Paul M. Arthur Home Inspections and is also in charge of the Building Department for the City of Orange Township. Mr. Arthur will discuss “City Inspector vs. Home Inspector: Responsibilities and Challenges.”

Three words characterize Mr. Arthur’s career: construction, real estate, and inspection. His career was built on degrees and certificates completed over 40 years at Montclair State College, Essex County College, and the American School of Business. He has been Operations Manager for a major lumber yard, a Real Estate Agent, a Real Estate Appraiser, and both a vocational school teacher and a college-level instructor (Home Inspection For Appraisers). Today Paul owns and operates Paul M. Arthur Home Inspections and is the Construction Official and Code Inspector for the City of Orange Township. Paul’s talk will compare and contrast the challenges and responsibilities of a municipal building inspector and a home inspector.

You won’t want to miss Paul’s illuminating talk and the opportunity to network with NAIFA appraisers! The talk qualifies for two (2) hours of NJ Continuing Education Credit.

The meeting is FREE for NAIFA members and $50 otherwise. Advance registration and payment is required. Please RSVP by November 20 to NAIFA New Jersey North Chapter President Nick Ivanow by email (nijappraisalnet1@yahoo.com), phone (973-423-5703) or mail c/o NIJ Appraisal Network, 140 Lincoln Avenue, Hawthorne, NJ 07506. Make checks payable to NAIFA Northern NJ Chapter.

March: Real Property Seminar

The Northern New Jersey Chapter of the American Society of Appraisers and the New Jersey North Chapter of the National Association of Independent Fee Appraisers will jointly sponsor a two-hour Real Property Seminar on The Home Valuation Code of Conduct and Fannie Mae Form 1004 MC. The seminar will be held on Monday, March 23, 2009 from 4:00-6:00 pm at the Wilshire Grand Hotel, 350 Pleasant Valley Way, West Orange, NJ 07052. Robert J. Luciani, ASA, IFA, a real property appraiser practicing in Philadelphia, will conduct the seminar, which will be followed by a Chapter Dinner Meeting.

The housing bubble and subsequent melt-down has led to two new requirements for appraisals submitted to the federal mortgage agencies.

• The new Home Valuation Code of Conduct (HVCC), effective May 1, 2009, applies whenever the primary lender plans to sell the loan to Fannie Mae or Freddie Mac. It's designed to prevent conflicts of interest.
• Beginning April 1, 2009, appraisal reports submitted to Fannie Mae will require Form 1004 MC, a Market Conditions Addendum. Its purpose is to illuminate neighborhood market trends and conditions.

Mr. Luciani will explore the HVCC and 1004 MC requirements and relate them to current USPAP obligations for appraisers.

The program qualifies for two hours of ASA Continuing Education Credit. Dinner is $35 person. Please RSVP Chapter Secretary Lynn Magnusson, AM by phone (973-425-1550), fax (973-425-1553) or email, and mail her your check payable to "ASA Northern New Jersey Chapter 73" by Monday, March 16.