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  You are here:  AllExperts > Real Estate > Home Buying/Selling > Property Valuation/Appraisals

Expert Profile: Jim Root

Expertise:  Although not currently a licensed Real Estate Agent, Appraiser or Mortgage Banker, I have some 30 years as a "Real Estate Professional" having worked some 20 in these areas and a "decade plus" a Govt. Realty Officer with HUD's FHA Homeownership Division. As an "Independant Third Party" with no motives other than to provide free help to members of the public with their Real Estate experiences, I can answer questions about purchase & sales, appraisal/valuation & financing of Real Estate. Gale, shown with me here has been a Realtor,Real Estate Office Administrator & my Research Assistant over the years!

Experience in the area
Private Sector: 5 Years as Real Estate Marketing & Sales Specialist, 5 years as Residential Real Estate Appraiser,5 years as a Mortgage Company Manager & Senior Loan Officer. Public Sector:12 years with the Dept.of Housing & Urban Development's FHA Division, serving as Ass't Chief,HUD-Owned Property Sales Branch for the Alaska Jurisdiction; Chief Appraiser for the Eastern Washington/Northern Idaho Jurisdiction & as a Senior Home Ownership Program Officer, qualified in Valuations, Credit Underwriting, Construction Analysis & Foreclosed Property Disposition for the FHA Homeownership Center responsible for 8 State-wide Jurisdictions.

Organizations
Formerly a Member of National association of Realtors (NAR) & Mortgage Bankers Association of America (MBAA). Currently with the National Association of Review Appraisers & Mortgage Underwriters(NARA/MU).

Publications
Has published articles in local, state & national publications on a variety of Real Estate-related topics, as well as co-authoring of numerous HUD/FHA Manuals, Directives & Policy Memorandum over the years.

Education/Credentials
AA Degree, with Real Estate Emphasis, BA Degree in Mass Communications, MA.T Degree in Teaching/Education

Awards and Honors
Holds the following Professional Designations: CRO (Certified Residential Originator) RMU (Registered Mortgage Underwriter) CRA (Certified Review Appraiser)

Past/Present Clients
Currently semi-retired, teaching Real Estate Night Courses at local Community College, doing Mini-Seminars & Workshops with local-area Real Estate Professionals, and providing Consulting & Inspection Services to local Mortgage Lending Companies & their Clients.

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Something interesting about this subject that others may not know:  You cannot truly OWN a Real Estate entity--just the legal rights & interests in it! AND that RENTING is a FORM of ownership, called "Leasehold Ownership!"
Something controversial or provocative about this subject  Every transfer of ownership of property rights has its own issues of controversy! And the fact that emotions dictate so much in the "househunters" choice of properties is quite provacative, I think!
What do you still hope to achieve/learn in this field?  Never having much-liked the term "Expert," I'd just like to keep on achieving & learning about all areas & categories of Real Estate.
What do you like about this subject?  Homeownership is "The American Dream!" Too little about the complexities of Real Estate is known by too many Americans. The "Dream" can turn into a "Nightmare" for the "uninformed. I truly like to help educate the public on this topic!
Average Ratings
Prestige Points: 1650
Knowledge   9.94   Best of the best
Clarity of Response   10.0   Best of the best
Timeliness   9.98   Best of the best
Politeness   10.0   Best of the best
Number Of Questions
(in Past 24 Hours)		0
Max Questions to be Asked
(in 24 Hour period)		5
Total Questions
(since joining AllExperts)		112
Recent Reviews from Users
KnowlClarityTimePolitenessDate
1010101010/31/08
1010101010/31/08
1010101011/02/08
1010101010/17/08
1010101010/17/08
User Comments
Thanks SO much. The smell was not detected when we toured the house prior to making an offer. It is intermittent so unfortunately we toured on a "goo
(Kandy on 10/31/08)
get well
(rodd on 10/17/08)
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Recent Answers from Jim Root
2008-11-16  Only 20 days after closed my home, builder lower the home price for 10%:  Mr. Lee-- What has just happened to you is happening all across the country!The large inventory of new and existing Homes for sale, coupled with the Mortgage Loan problems--and further exsaserbated...
2008-11-05  The effect energy savings may have on the resale price of a home.:  Hi WARREN-- Without a doubt, the installation of energy saving systems increases the overall "worth" of a residential property!YOU set the "resale price" as you see fit! The precise effect that energy...
2008-10-31  home on crawl space:  Hi KANDY-- Your "scenario" raises many questions in my mind! First off, I can't help wonder why a Home Inspector and/or a Residential Appraiser wouldn't have smelled the "foul odors" you describe. Both...
2008-10-30  appraisal & attorny fees charged by lender without approval or prior knowledge:  WESLEY-- This seems to be directly associated with your Bankruptcy (BK) proceedings. As such, your questions you must be taken to either/or your Attorney who handled your Bankruptcy (BK) and/or...
2008-10-16  Flood Plain Comparables:  Hi Mary-- The system I explained to Alberto is called "Matched Pairs" Analysis, and it's used by Appraisers to establish a "Contributory Value" for specific "features" of a property! I suggested the...
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