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    EASTERN BRANCH MEETING - The Appraisal of Fire Damaged or Destroyed Properties for Insurance Purposes

    The urban fires which swept through much of Los Angeles recently have resulted in significant losses of life and property.  Economic loss estimates are in the range of $135 to $150 billion but could easily go higher.  It is estimated that around 10,000 structures have been destroyed.  In the wake of these fires there will be a huge need for timely, accurate, and professionally prepared real estate appraisals for insurance purposes.  The Southern California Chapter of the Appraisal Institute will present a two-hour webinar addressing this topic.  The webinar will provide participants with vital information on the appraisal process, addressing important questions including:

    Who will order the appraisals and how can appraisers contact the parties that will be ordering these appraisals?

    Will the parties ordering the appraisals operate from an “approved vendor list?”  If so, how can appraisers get on these lists?

    What types of appraisals or other documents will be ordered?  Will FNMA/Freddie Mac forms be used for the appraisals, or will clients have their own forms they want appraisers to use?

    What will be the typical turn times and fees for these appraisals?

    What will be the review process for these appraisals?

    What other information should appraisers be aware of in preparing appraisals of properties for insurance purposes?

    The webinar leader, Charles Baker, SRA, AI-RRS is uniquely prepared to offer guidance on this issue as he has extensive experience in appraising fire damaged/destroyed properties for insurance purposes.  Charles is a past president of the Southern California Chapter of the Appraisal Institute, the largest chapter in the Institute.  Charles was a discussion leader at LDAC, the Leadership Development program of the Appraisal Institute.  He is skilled at presenting appraisal-related seminars and briefings to a wide range of audiences.  This seminar will provide timely, relevant information in an accessible format at no cost to attendees

    Course Offerings
    Sponsor Date Location Format
    Southern California Chapter February 19, 2025 Synchronous View Details Register