February Meeting: Forensic Investigations

This meeting has be CANCELED due to inclement weather and will be rescheduled.

The February chapter meeting will be held on Thursday, February 25, 2010 at 6:00 pm at Pal's Cabin in West Orange, NJ. The Executive Meeting is scheduled for 6:00 pm followed by Dinner at 6:30. The guest speaker is J.W. “Ted” Ibex, CPA, ABV/CFF, a Partner in the Tinton Falls office of Marcum LLP, who will talk about Forensic Investigations.

Mr. Ibex, who got earned his B.A. and M.B.A. in Accounting at Pennsylvania State University, has more than 35 years  experience in financial and business operations. As a member of Marcum LLP's Public Trust group, he has provided forensic and advisory services to government and quasi-government agencies.  As head of Marcum's Commercial Litigation Support Department, he provides business valuation, damage quantification, forensic investigations, accounting, advisory and consulting services in matrimonial, corporate, business and government matters.  Mr. Ibex has also served on his local Board of Education for over 25 years, served on his town Council, and been appointed to Oceanport New Jersey's Planning Board by its Mayor.

The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $30 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, February 22.

January Meeting: ASA Town Hall

The January chapter meeting will be held on Monday, January 25, 2010 at 6:30 pm at Pal's Cabin in West Orange, NJ. The Board Meeting is scheduled for 6:00 pm followed by Networking at 6:30, and Dinner at 7:00. The guest is Region 1 Governor Timothy A. Griffith, ASA who will host an ASA Town Hall meeting.

 As part of a listening tour in preparation for the upcoming National Governors Conference, Mr. Griffith urges members to come to the Town Hall Meeting and be heard.  He is looking for comments, suggestions, and opinions on ASA in particular, and the appraisal profession in general.  This is an opportunity for appraisers in all disciplines to speak out on topics of their choosing.

Tim Griffith is the President of Griffith Appraisals in Secaucus, NJ and is a licensed real estate appraiser in New Jersey, New York and Pennsylvania. A past President of the ASA Northern New Jersey Chapter, he has also served on the Board of Directors of the Appraisal Institute's Northeast New Jersey Chapter. A co-author of The Real Estate Appraisal Exam, he is one of a small number of appraisers in the area accredited by the Appraisal Foundation as an AQB Certified USPAP Instructor.

The program qualifies for one hour of ASA Continuing Education Credit. Dinner is $30 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 Friday, January 22.

October Event: West Point Tour

The ASA Northern New Jersey Chapter together with the ASA Hudson Valley Chapter will host a joint meeting and tour at the West Point Military Academy, starting at the Academy Library, 758 Cullum Rd, West Point, NY (view map) on Wednesday, October 14, 2009 at 3:30 pm.

Alan Conrad Aimone, ASA, the West Point Librarian, will conduct a tour of the historic buildings and statues on the Academy’s campus, culminating in dinner at the Thayer Hotel, the luxury landmark overlooking the Hudson River.  The guest speaker will be Brian Christopher Cummings, AAA, an independent appraiser and historian of artistic properties of popular culture and celebrities, including Marilyn Monroe, Katherine Hepburn, and Marlon Brando.

This is the must-go field trip of the 2009 Fall season!  Fall foliage is not guaranteed, but the program qualifies for one hour of ASA Continuing Education Credit. Please RSVP to Barbara J. Sussman, AM by phone (518-686-4809), cell phone (518-894-7845) or email. Make your check payable to ASA Hudson Valley Chapter #74 for $55 per person. Reserve early. Space is limited.

September Meeting: Installation Dinner

 

The September chapter meeting will be held on Thursday, September 24, 2009 at 6:00 pm at The Manor, 111 Prospect Ave, West Orange, NJ 07052 (Telephone: 973-731-2360). View map.  Join us for the installation of the incoming 2009-2010 Chapter Officers -- President Kyle Garcia, Vice-President Scott Vandervliet, Treasurer Monica Kaden and Secretary Lynn Magnusson. Enjoy an evening with friends and a great Manor Buffet Reception, including open bar, seafood bar, hot and cold buffets, two carving stations, and desserts. Dinner is $60 per person.

Please RSVP Chapter Secretary Lynn Magnusson, AM by phone (973-425-1550), fax (973-425-1553) or email no later than September 15, and mail your check payable to "ASA Northern New Jersey Chapter 73" to Lynn Magnusson, ASA, PPC, Inc., 920 Mt. Kemble Ave. Morristown, NJ  07960.

P.S. The chapter is subsidizing both members and guests for this special dinner. So bring your favorite clients, business associates, family members and friends.

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.