Welcome to the New REV | Ask Henry Harrison Blog!


Dear Readers:

In 2013 I was diagnosed with a sever case of Shingles that paralyzed my right leg and foot. So I took a hiatus from publishing REV Magazine and the Ask Henry Harrison blog while I recovered. Now two years later, I have recovered sufficiently to play tennis (mostly doubles), bike almost daily, and I have even started taking golf lessons (Last time I played was over 60 years ago).

I am releasing my newest line-by-line Illustrated Guide focusing on the new FHA requirements, which you can read more about below. My Harrison's Illustrated Guide How to Make an FHA Single Family Appraisal - 2015 Edition makes accessing crucial information easier for appraisers by going page-by-page through the URAR and MC forms, covering FHA and other requirements. The Model Comments sections of this book have also been updated in this edition. Appraisers who buy the book may use all of the model comments as you wish.

When I looked at our last REV issue — from Fall 2013 — I was surprised to see that not as much has changed as I expected. The previous editorial was about Fannie Mae and Freddie Mac who had been taken over by the Federal Government and in a conservatorship under the supervision of the US Treasury and controlled by Federal Housing and Finance Agency.

In the Fall 2013 issue, I also reported that Fannie Mae Stock was trading for less than $1.50 a share. I implied that someone looking for a highly speculative investment might be interested. In March of 2014 it sold for over $4.25. It is now selling for about $2.50. In this same issue there was a review of the HUD-FHA Handbooks 4155.2 and 4150.2. In March 2015, the two Handbooks have been replaced with a new FHA Handbook 4000.1 and a new Appraiser’s Guide. These publications were scheduled to replace the old ones in June 2015. Swamped with complaints of the short notice of the change the FHA extended the replacement date until September 15, 2015.

Over the last two years, I have answered numerous Ask Henry questions. We have selected a few some of them for immediate publication for our re-launch.

We will continue to review new Appraisal Books starting with Valuing Contaminated Properties Volume II Edited by Richard J. Roddewig, MAI. Published by the Appraisal Institute.

Our new policy will be to send an email to our mailing list each time the magazine/blog is updated. This issue was sent to your last known email address. If you would like to be notified at another address, or like to be taken off our mailing list or have our magazine sent to anyone else you think would want to receive it please click here to update your information.

My son, H Alex Harrison, Esq., editor of REV Magazine and Ask Henry Harrison Blog, now works for the Massachusetts Commission Against Discrimination, as the Executive Assistant to the Commissioners. He has assured me that he is still committed to working evenings and weekends as editor of REV magazine and the Ask Henry Harrison Blog. You can contact him at webmaster@revmag.com.

I am looking forward to hearing from you and I will try an answer all emails in a timely manner.