Harvard Corporate Governance

JUNE 24, 2023

Posted by Joseph M. Yaffe, and Ryne C. Posey, Skadden, Arps, Slate, Meagher & Flom LLP, on Saturday, June 24, 2023 Editor's Note: Joseph M. Yaffe is a Partner and Ryne C. Posey is Counsel at at Skadden, Arps, Slate, Meagher & Flom LLP. This post is based on their Skadden memorandum. Boards must consider contractual obligations, governance and reporting standards, and communication strategies before replacing a CEO.

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Appraisers Blog

JUNE 24, 2023

In reply to Wendy Terwilliger. I think that you are interpreting the appraiser’s responsibilities erroneously. They have no knowledge of your finances. When you say that the appraiser should be sure you weren’t upside down on the loan, that is the lender’s responsibility. The client of the appraiser is the lender and the VA. It is the hope of the VA that if the Veteran wants to purchase a house, they will be be able to do it, provided they are not paying too much for it.

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Rhythm Systems

JUNE 24, 2023

In today's ever-changing business landscape, having a long-term goal for your organization is crucial. Creating a clear vision of where your business will be in the future provides a sense of focus, direction, and alignment among your entire team. One effective way of setting a long-term goal is by creating a Big Hairy Audacious Goal (BHAG). A BHAG is a powerful tool for inspiring your team, driving innovation, and ensuring your company remains competitive.

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Appraisers Blog

JUNE 24, 2023

In reply to Spencer Paul. Can anyone possibly help me out with a question ? We are a Military Family and purchased in Nov 2021. I believe our appraiser and the selling agent committed Fraud. We live in a small town where every one knows everyone, We were located in WA Stated and purchased from Cross Country here in NC. The house went into Tidewater. 1) the comps were issued by selling agent, 2) appraiser used comps that were approx. 10 miles out and 15 plus years newer.

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Comps Appraisal 76

Speaker: Susan Spencer, Principal of Spencer Communications

Intent signal data can go a long way toward shortening sales cycles and closing more deals. The challenge is deciding which is the best type of intent data to help your company meet its sales and marketing goals. In this webinar, Susan Spencer, fractional CMO and principal of Spencer Communications, will unpack the differences between contact-level and company-level intent signals.

Marketability

Peak Business Valuation

JUNE 24, 2023

The plumbing industry is expanding. Now is a great time to buy , sell , or grow a plumbing company. More people are doing home improvement projects, so the need for plumbers is increasing. It’s a great chance to make your plumbing business even better. Plus, if you need help getting the money for your business, you can look into a Small Business Administration (SBA) loan.

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Finance Business Valuation Start-ups Appraisal 52

Appraisers Blog

JUNE 24, 2023

In reply to Wendy Terwilliger. If tide water was invoked, that means the value came under the contract price. It shins like you are stating there was an over value, but didn’t clarify if the stent supplied comparable sales after tidewater or before. Did he raise the value after tidewater? If it is fries, this should be right up to the star boards or VA.

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Appraisal 76

Appraisers Blog

JUNE 24, 2023

In reply to Wendy Terwilliger. If Tidewater was invoked, the appraiser came in under contract. Did you have a home inspection? Your inspector should have caught those items. The appraiser is not a home inspector. And why did you make an offer to purchase that was so high, if you thought it was in bad shape? Did you try to outbid other people? It appears that you are not taking responsibility for your own actions.

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Appraisal 76

Equilest

JUNE 24, 2023

To delve deeper into the process of valuing a furniture store and gain more insights into maximizing its potential keep reading Introduction When it comes to buying or selling a furniture store, understanding its value is crucial. Valuing a furniture store requires a comprehensive analysis of various factors, including its financial performance, customer base, inventory, location, and market trends.

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Business Valuation Asset-based Approach Marketability 40

Appraisers Blog

JUNE 24, 2023

In reply to Spencer Paul. Spencer Paul: yes. he did raise the price after he invoked tidewater. He was very dishonest imo on the report. Everything from the conditions he stated , ect. Also, the SQFT is 200plus off from County Recrods. This house is way smaller. WE only looked at this bc it was compairable to our house we had in WA as far as sqft. County listed it at 1500plus but sales report states 1736.

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Equilest

JUNE 24, 2023

To delve deeper into the process of valuing a furniture store and gain more insights into maximizing its potential keep reading Introduction When it comes to buying or selling a furniture store, understanding its value is crucial. Valuing a furniture store requires a comprehensive analysis of various factors, including its financial performance, customer base, inventory, location, and market trends.

Business Valuation 40

Business Valuation Asset-based Approach Marketability 40

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

Corporate Finance

Appraisers Blog

JUNE 24, 2023

In reply to Wendy Terwilliger. The appraiser is not a home inspector. Your home inspector should have pointed these things out. And didn’t your agent visit the property? Didn’t they point these things out? At times, the VA overrides the appraiser when it comes to value. Is that possibly the case? In general VA appraisers are competent. Didn’t your agent have something to say to you during Tidewater?

Appraisal 76

Appraisal 76

Equilest

JUNE 24, 2023

To delve deeper into the process of valuing a furniture store and gain more insights into maximizing its potential keep reading Introduction When it comes to buying or selling a furniture store, understanding its value is crucial. Valuing a furniture store requires a comprehensive analysis of various factors, including its financial performance, customer base, inventory, location, and market trends.

Business Valuation 40

Business Valuation Asset-based Approach Marketability 40

Appraisers Blog

JUNE 24, 2023

In reply to Fed up. WE didnt arrive here until Decemeber 2021. As far as the time we have been here, My Husband has been gone alot due to the Military. We have done what repairs to the house we could. I am Angry with our Agent as well. I have been researching for Months trying to figure out how to get help. Please dont fault us for that. Also, in NC you have 5 years.

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Appraisal 76

Appraisers Blog

JUNE 24, 2023

In reply to Fed up. I missed the two years part. That and that alone is tough to get over. With that being said your only option at this point would be for the state boards to investigate and/or sue. If you do sue, you’re facing an uphill climb. You’re attempting to sue someone over an OPINION of value in court, which they would be viewed as an expert.

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Appraisal 76

Speaker: Joe Apfelbaum, CEO of Ajax Union

In this webinar, Joe Apfelbaum, CEO of Ajax Union and business strategist, will take you through the ABCs of intent data. You'll learn how to effectively use it to drive business results, with practical tips on how to leverage both company and contact intent data to maximize your marketing efforts. Whether you're a seasoned marketer or just getting started, this webinar is a must-attend for anyone looking to stay ahead in the ever-evolving world of digital marketing.

Marketability

Appraisers Blog

JUNE 24, 2023

In reply to Spencer Paul. Thank you for your response. The reason we couldn’t back out is because we never seen the house until 6 weeks after closing. I understand that it seems like it’s been a long time. Its been a year and a half. Like I stated in previous comments, My Husband has been gone alot with the Military. I have been left to try and fix what I could.

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Appraisers Blog

JUNE 24, 2023

In reply to Fed up. With all due respect, I believe you are misinterpreting what I’m trying to say. It is the VA appraiser’s responsibility to ensure the VA buyer is not paying more for the home than it is worth. Am I incorrect on that? It has nothing to do with our finances. To answer your question, yes, there were homes that were more comparable to the comparables that were used.

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Appraisal Finance 76

Appraisers Blog

JUNE 24, 2023

In reply to Wendy Terwilliger. Certainly the appraiser has a duty to represent a house correctly and credibly. Readily observable defects as well as positive features should be detailed. But I’m going to harp one more time about your home inspection report. Their report usually is complete with photographs. And your agent was supposed to have a fiduciary responsibility to you to act in your best interest.

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Appraisal 76

Appraisers Blog

JUNE 24, 2023

The State Coalitions were making real progress with only a 5% participation rate – if that. 12 people in the entire country were doing 99% of the work. We are doomed to our continued slavery unless someone in DC besides Maxine Waters starts paying attention. Maxine and Ms Fudge theories of Real Estate will fail – but I’m sure tired of watching that crap show destroy my cash flow while AMC’s are making $Millions off our sweat and passing it around DC like it’s candy

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Appraisal 76

Appraisers Blog

JUNE 24, 2023

Hold on We’re going full on getting an ACTIVE think tank going! We will need help, input, and support. Close to the vest for a little bit longer.

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Appraisers Blog

JUNE 24, 2023

In reply to Fed up. And before the home inspection. I just thought about the listing, can any of the defects be viewed from the listing photos?

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Appraisal 76

Appraisers Blog

JUNE 24, 2023

In reply to Wendy Terwilliger. Another question (s) before you proceed with a course of action, can any single bit of the concerns you have be viewed by the photos in the inspection or appraisal reports, regardless of either individuals “calling out” the concerns? Also the appraisers are there to promulgate public trust and protect the markets, without bias or advocate for the banks, buyers, sellers or any other third party with a vested interest in the transactions.

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Appraisal Banking Marketability 76