This webinar features two expert panelists: one is a professional appraiser, the other a loan officer. We will be discussing issues and processes related to the various aspects of leaseholds and their effects on property valuations, including puts versus options, long-term versus short-term leaseholds, and negative leaseholds. We will also be discussing the proper procedures that appraisers should follow from the point of view of a loan officer, who will walk you through the loan approval process, and review examples of ideal and less than ideal loan applications.
Presenters will discuss:
- Negative leaseholds
- Leaseholds with no economic value and 100% economic value
- Puts versus options
- Long-term versus short-term leaseholds
- The closely held lease
- Basic loan processing procedures from the perspective of a loan officer
- Proper versus improper appraisals and the consequences on loan approval
Date: November 14, 2013
Time: 10:00 am PT, 11:00 am MT, 12:00 pm CT, 1:00 pm ET
Duration: 2 hours
CE Credit: Appraisal Institute members who attend will receive 2 hours of Appraisal Institute continuing education credit. Completion certificates will not be sent. This is not approved for state continuing education credit.
Douglas A. Potts, MAI, is the Vice President of Commerce Bancshares, Inc. He is an AI approved instructor and serves as a Candidate for Designation advisor and on a variety of national and chapter committees. He joined the Appraisal Institute in 1989 and received his MAI designation in 2004. Doug is the 2006 recipient of the William T. Anglyn Award. He was a panelist and speaker at the Appraisal Institute Annual Meeting in 2011. He was the Greater St. Louis Chapter Nominating Committee president from 2007-2008 and a member of the Leadership Development & Advisory Council from 2006-2007.
He is currently the National Government Relations Committee representative for Region 2, a position he has held since 2010.
Doug is currently Vice President of Commerce Bancshares, Inc., in St. Louis, a position he has held since 2004. He has been with Commerce since1993. Mr. Potts has been involved in the real estate valuation profession for 32 years.
Robert S. MacLennan has worked for the last 8 years as a loan officer at the Small Business Administration’s Sacramento Loan Processing Center, where SBA processes all of its 504 loans nationwide. Robert has reviewed over 10,000 commercial appraisals as part of SBA’s lending processes. Prior to the SBA Robert spent 7 years as a bank examiner for the FDIC and the State of Oregon.