Mr. Vieira holds the State Title of Certified Residential Real Estate Appraiser. This State of California Certification is the highest residential appraisal designation the State confers and allows Mr. Vieira to appraise all residential real estate including the most complex and costly. Geographically, Mr. Vieira has managed appraisal assignments in 20 counties in Northern and Central California.
Mr. Vieira specializes in the appraisal of Real and Personal Property and has served as an expert witness for the County of Alameda Court. He has worked in commercial and other types of real estate in association with General Commercial Appraisers, and has teamed up with experts in the valuation of Ranches and Vineyards Properties, Blakeslee & Crain, Vineyard Advisors and Brokers, who specialize in appraising and brokering Vineyards in Northern California.
American Dream Appraisal's Cost Segregation experts hold Civil Engineering and MBA degrees, and have been actively engaged in the appraisal profession since 1985 and have worked with Arthur Anderson. Our combined experience in Engineering, Machinery and Equipment and Cost Segregation experience exceeds 30 years. Our Engineers have served in a wide variety of management, valuation consulting and technical appraisal positions and their experience include planning and project management of major industrial properties and entities including the machinery and equipment, a wide variety of other unique personal property, intangible assets, and real estate and construction engagements.
Our appraisals have been prepared for the purposes of ad-valorem tax, merger/acquisition, asset-based financing, leasing, insurance, and asset management (fixed asset-property records) systems. Our expertise comes from extensive experience in both the private and public sectors with an emphasis on property tax, income tax allocation and fair market value determinations.
Mr. Vieira has recently completed training and courses from both the Appraisal Institute, and the American Society of Appraisers and numerous valuation courses from disciplines within the Real Estate and Machinery and Equipment fields. His valuation course studies have included; Income Property Analysis, Standards of Professional Practice, Principles and Practices of Real Estate Valuation, Income Capitalization, FIRREA appraisal requirements, USPAP requirements, State Certification Examination Preparation.
Prior to becoming an appraiser, Mr. Vieira held a variety of management positions for 12 years in the High-Tech Industry, including planning and project management of mission critical software implementation projects, requiring multidiscipline analysis and perspective. Nuno's responsibilities have included software development, technical support and quality control of corporate wide and mission critical software implementations in Fortune 500 companies as as 3Com, Procter and Gamble, The Gap, Gulfstrea Aerospace, General Motors, The New York Times, Sony, MGM, Kaiser Permanente and 3M.
Appraisal Groups: Inadequate Valuation Consideration in TARP
As the House and the Senate work through proposed changes to the newly proposed Troubled Asset Relief Program, in which the government will relieve lenders of illiquid mortgage securities, potentially to the tune of $700 billion, the Appraisal Institute has encouraged policymakers to include valuation-related language in the massive bill, as well as bring to the fore the many valuation-related issues involved. The current drafts of the TARP program do not adequately address such critical issues of valuation, according to a September 24 letter the organization wrote to Treasury Secretary Henry Paulson, Jr., and Federal Board Chair Ben Bernanke.
“Virtually every level, including the purchase and management of assets, requires specialized real estate appraisal expertise to promote the protection of taxpayers and the public interest,” said Bill Garber, director of government relations at the Appraisal Institute. “However, the current proposal pending before Congress does not sufficiently address valuation concerns, an issue in which the consumers and businesses in this country need restored confidence.”
The Appraisal Institute was joined by the American Society of Appraisers, the American Society of Farm Managers and Rural Appraisers, and the National Association of Independent Fee Appraisers in its September 24 letter.
The appraisal groups provided several suggestions to protect taxpayers, including:
- Establishing an executive-level chief appraiser to create appraiser qualification criteria at the Federal Deposit Insurance Corporation.
- Conducting verifiable portfolio analysis by qualified, local appraisers to increase confidence levels in the current market. .
- Protect neighborhood property values by requiring the use of professional, qualified real estate appraisers that adhere to generally accepted appraisal standards, to conduct the valuation of such property.
“The network of appraisal organizations stand ready to assist the Treasury, FDIC, Congress and others involved in crafting this critical program to provide accurate valuations of properties used at all levels,” added Garber. “The solution to the current crisis requires massive mortgage renegotiations, and we strongly believe that expert advice at the street level can restore stability in the mortgage market and build a foundation to turn the tide for other financials.”
American Dream Appraisal
Mortgage Applications Increase In Latest MBA Weekly Survey
WASHINGTON, D.C. (March 5, 2008) - The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 29, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 684.9, an increase of 3.0 percent on a seasonally adjusted basis from 665.1 one week earlier. On an unadjusted basis, the Index increased 15.3 percent compared with the previous President's Day holiday shortened week and was up 1.1 percent compared with the same week
one year earlier.
The Refinance Index increased 4.5 percent to 2569.0 from 2458.9 the previous week and the seasonally adjusted Purchase Index increased 1.4 percent to 363.1 from 358.2 one week earlier. The Conventional Purchase Index increased 0.9 percent while the Government Purchase Index (largely FHA) increased 3.5 percent. On an unadjusted basis, the Purchase Index increased 14.5 percent to 401.6 from 350.7 the previous week. The seasonally adjusted Conventional Index increased 2.4 percent to 929.0 from 907.1 the previous week, and the seasonally adjusted Government Index increased 6.2 percent to 277.8 from 261.5 the previous week.
The four week moving average for the seasonally adjusted Market Index is down 11.0 percent to 809.1 from 909.5. The four week moving average is down 2.8 percent to 370.7 from 381.3 for the Purchase Index, while this average is down 15.6 percent to 3365.8 from 3987.0 for the Refinance Index.
The refinance share of mortgage activity increased to 52.4 percent of total applications from 52.0 percent the previous week. The adjustable-rate mortgage (ARM) share of activity increased to 17.3 from 15.0 percent of total applications from the previous week.
The average contract interest rate for 30-year fixed-rate mortgages decreased to 5.98 percent from 6.27 percent, with points unchanged at 1.15 (including the origination fee) for 80 percent loan-to-value (LTV) ratio loans.
New FHA Mortgage Limits In 14 California Counties
WASHINGTON (AP, March 6, 2008) - The government is raising the mortgage limits for loans guaranteed by the Federal Housing Administration in 14 high-cost California counties.
The Department of Housing and Urban Development today released the new loan limits for California - a hotbed during the housing boom that now is suffering the worst home-price declines in the nation. The limits, with the maximum at $729,750, are derived from median home prices in each county.
HUD is expected to raise the limits in other counties nationwide in the coming days.
In California, the counties at the maximum level for FHA loans are Alameda, Contra Costa, Los Angeles, Marin, Monterey, Napa, Orange, San Benito, San Francisco, San Mateo, Santa Barbara, Santa Clara, Santa Cruz and Ventura. At the other end, Lassen, Modoc and Trinity counties are subject to a loan cap of $271,050 - which is the lowest possible amount for an FHA-backed loan under the new law.
nuno@americandreamappraisal.com
phone: 925-437-2090
Fax: 925-219-4025
