In 1969, Richard Greco combined his experiences as a Real Estate Appraiser, Former Superintendent of Construction, Real Estate Broker and former New York City Building Inspector to form RICHARD GRECO APPRAISALS. Recognizing the need for competent, reliable and honest appraisal services, Richard Greco embarked on a campaign of providing appraisal services to Government Agencies such as the Federal Housing Administration (FHA) Veterans Administration (VA) and Federal National Mortgage Association (Fannie Mae In 1971, Richard Greco combined his experiences as a Real Estate Appraiser, Construction Superintendent,) setting an appraisal standard second to none. As such, since 1971, RICHARD GRECO APPRAISALS has been and still is providing origination and review appraisal services in the States of New York, Connecticut and New Jersey and we provide Litigation Support to Attorneys, Real Property Tax Evaluation Services to Property Owners, Valuation Services to Real Estate Investors and Property Owners.

Needless to say, having survived 38 years of mortgage industry and professional appraiser transition speaks volumes for the success and integrity of Richard Greco and RICHARD GRECO APPRAISALS and the continued valuation and review success of Richard Greco and RICHARD GRECO APPRAISALS.

Richard Greco recognizes the fact that the mortgage lending industry is presently undergoing a new phase called Home Valuation Code of Conduct (HVCC) and further recognizes the fact that this new phase may work well for those not requiring the expertise of the "Local Appraiser Expert." But is it?

It is clear, HVCC has resulted in questionable appraisal practices of Appraisal Management Companies and appraisers from outside a geographic locations attempting to value property without adequate data sources, Multiple Listing Service (MLS) backup data and "local neighborhood knowledge, expertise and competency." Couple this with increased appraisal fees deliberately passed along to the consumer (borrower) and both the appraisal profession and mortgage industry share the blame and stigmatism of the appearance of incompetence and "greed."

RICHARD GRECO APPRAISALS, for the past 38 years has developed a library of data sources dating back to 1938 and provides appraisal services the Tri-State area of New York, Connecticut and New Jersey. New York Counties include:

Armed with a library of information and data sources required pursuant to the Uniform Standards of Professional Appraisal Practice (USPAP), RICHARD GRECO APPRAISALS has the capabilities of turning around a highly competent Conventional or FHA residential appraisals, appraisal reviews or appraisal audits within 24 hours after inspection.

If you are a Portfolio Lender or a Conventional or FHA Lender with an independent appraisal order manager or management department, RICHARD GRECO APPRAISALS will be more than pleased to assist you with any valuation requirement you may have.

You can order your appraisal on line through our web site and be in full compliance with HVCC and FHA HVCC Compliance by creating an account at http://www.richardgrecoappraisals.com or simply have your HVCC compliant appraisal manager order your appraisal by fax to 877-692-8825.

RICHARD GRECO APPRAISALS looks forward to assisting you with all of your appraisal needs. For additional information please call 718-518-8588 or navigate our web site at http://www.richardgrecoappraisals.com and put over 38 years of competent regional expertise to work for you and your desire to accomplish appraisal competency.

Thank you,

RICHARD GRECO APPRAISALS