The Reviews Are In on Our New 1004MC Service

“THE BEST program I have used.”
T. Daisy Singh, President, REAA East Bay Chapter

“LOVE IT! Your product is easy to use and quick, and saves me the time to populate, copy and move data in the Excel spreadsheet I have been using."
Greg Walker, Almaden Appraisals

“It'll cost me about 60 cents per report to have ClickFORMS do the typing for me and I get a cute page of graphs to go along with it. And I avoid those dreaded typos!"
Mic Hamilton, Albuquerque, NM

The ClickFORMS 1004MC Market Analysis Service easily and seamlessly integrates your MLS data with your ClickFORMS appraisal software. Our hassle-free and fully automated service will fill in the 1004MC data grid and enhance your appraisal report by adding detailed analysis, charts and comment addendums.

Learn more about the time-saving 1004MC Service at http://Clickforms1004MC.com and call 800-622-8727 to take advantage of introductory pricing before September 14, 2009 — save $100 off the regular $249 per year price!

Your Feedback is Needed!
In these changing times it is important that we obtain feedback from our customers on how the changes in the industry are affecting their business models. To do this we have set up a brief survey at surveymonkey.com.

The survey consists of five to ten questions and should take no more than 5 minutes or so to complete. Your feedback is important to us, and the information we receive will help drive our current product development. We thank you for your participation.

>> Click to take our survey.

Client Name in a Report
As the current appraisal business model is changing and more appraisers are working closely with AMCs, an interesting question was recently raised in the industry: what name should appear in the Client section of the report? USPAP states that the clients name MUST appear on the report. That being said, if the work you are receiving is from an AMC, are they the client or an agent of the client, i.e. the lender? Which name should appear on the report?

David Towne of Towne Appraisal does a lengthy investigation and write-up on this very topic. If you work with AMCs it may behoove you to read his article located at: http://appraisalnewsonline.typepad.com/appraisal_news_for_real_e/2009/08/appraisers-rock-n-hard-place-issue-the-client-name-in-a-report.html

Commercial Real Estate Market Could be Next to Face Brunt of Recession
Bloomberg.com reports the possible bankruptcy of Capmark Financial Group Inc. may be the first wave of many losses to occur due to commercial real estate loans.

U.S. banks hold about $1.087 trillion of commercial property loans, almost 15 percent of their loans and leases, according to data compiled by Real Estate Econometrics. The largest U.S. financial firms could face losses of $53 billion tied to commercial real estate.

Part of the catalyst for this possible upcoming loss is due to property owners who are unable to refinance because property values have dropped, said Terry McEvoy, an analyst with Oppenheimer & Co. in Portland, Maine. As a result, this makes it harder for owners to get new loans covering their original debt.

To read more about the commercial real estate market, view the full article at Bloomberg.com:
http://www.bloomberg.com/apps/news?pid=20601103&sid=aZPBPX309O64

Job Losses Slow, but Unemployment Jumps to 26-year High
CNNMoney.com reports the unemployment rate in the United States rose to 9.7 percent in the month of August. This marks the highest recorded unemployment rate in the country since June 1983. This also comes after the unemployment rate lowered in July for the first time in 15 months.

The U.S. also lost a net total of 276,000 jobs in July. This is the smallest amount of net jobs lost in a month since August 2008. Additionally, a net total of 278,000 employees had to accept part-time positions because they were unable to find full-time positions.

In total, 6.9 million jobs have been cut from payrolls since the start of 2008.

To read more about the current U.S. labor situation, visit CNNMoney.com:
http://money.cnn.com/2009/09/04/news/economy/jobs_august/?postversion=2009090409

Valuation Expo 2009
We are excited to once again participate in the annual Valuation Expo at the The Roosevelt New Orleans. Mark your calendars for November 8 -11, 2009. At the show you can pick up new business from the lenders and management companies who are there just to meet with you. You'll also have the opportunity to participate in a solid line-up of Continuing Education offerings. We will be there showcasing our new 1004MC Service and other ClickFORMS offerings.

Would you like a chance to get into the show for free? If you are planning on attending the show, please contact your sales rep (800-622-8727) with the answer to the following trivia question and you’ll have the opportunity to be entered into our drawing to receive a free show pass valued at $199: How many MLS providers does our 1004MC Service integrate with?