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Our Privacy Statement is short
and to the point!
This website was designed to be informational to the general public, clients and
prospective clients. The following information will detail exactly what our policy is on
privacy and how information obtained (if any) will or will not be used.
THE WEB SITE
What we don't do.
- Order Forms and E-Mails: Any information obtained via our on-line order forms will
be treated as information supplied by a client, prospective client
or customer. Because of obtaining this information, Bostedo Appraisal Services
may or may
not enter into a fiduciary relationship with the subsequent party, thus will be deemed as
client confidentiality. This confidentiality notice also pertains to any
individual who may inquire, register, pre-register, sign up or purchase
any product or offer contained within this web site directly through
Bostedo Appraisal services and or it's principles. We treat the e-mails received in the same manner. To release,
sell or
otherwise give out this information would go against our business policy.
What we do.
- Our Use of “Cookies”:
”Cookies” are small files of data that we send to your computer to allow us to
recognize you as having access to our secure areas or a PayPal customer. If you return to
the secure area of our site or the PayPal site using the same computer and browser. We
send a “session cookie” to your computer if and when you log in to your
appraisal or PayPal account by entering your username and password. These cookies allow us
to recognize you if you visit multiple pages in our site during the same session, so that
you don’t need to re-enter your password multiple times. Once you log out or close
your browser, these session cookies expire and no longer have any effect.
PayPal also uses longer-lasting cookies to display your e-mail address on our sign-in
form, so that you don't have to retype the e-mail address each time when you log in to
your PayPal account. In addition, PayPal uses cookies to process their referral program,
described in Section C on the PayPal site. Our cookie files are encoded so that your
e-mail address and other information can only be interpreted by This site and PayPal.
- We also use a type of counter to track the volume of users, browser type, OS type
etc. to ascertain information which helps us keep the website in top operational condition
for the average user. This information obtained is generic, and does not reveal a users
name, address, e-mail address etc. Although many website owners do harvest and sell
information to 3rd parties for monetary means WE DO NOT!
APPRAISERS
Gramm-Leach-Bliley Act Privacy Requirements (for the
Appraiser) as of July 1,2001
- Real Estate Appraisers and Lender
Clients.
Where an appraiser performs an assignment for a lender or financial institution (and
not an individual), the appraiser will not be subject to the Final Rule's
(GLB) privacy
notice requirements because the appraiser will not have a "consumer" or
"customer" as defined by the (GLB). In this situation, the appraiser will not
have to provide any notices. The privacy regulations permit the appraiser to disclose
information that is "necessary to effect a transaction." Privacy Policy.
- Summary
Of Requirements When Dealing With "Consumers".
A consumer is an individual who engages an appraiser
to perform an appraisal for personal, family or household purposes. A consumer is a person
with no continuing relationship with the appraiser and who obtains his or her appraisal in
an isolated, one time transaction.
When a real estate appraiser deals directly with a consumer, the appraiser will be subject
to certain notice requirements under the Final Rule (GLB) if the appraiser is going to
disclose to third parties any nonpublic personal information collected about the consumer.
In that case, the appraiser must first provide to the consumer an Initial Privacy Notice and an
Opt-Out Notice.
- Summary Of
Requirements When Dealing With "Customers".
When an appraiser has a continuing relationship with a consumer, that consumer becomes a
"customer" under the Final Rule (GLB). The Final Rule permits the appraiser to
disclose information that is necessary to "necessary to effect a transaction".
If the appraiser is going to disclose to third parties any information collected about the
customer outside of this exception, the appraiser must first provide an Initial Privacy Notice, an
Opt-Out Notice and an Annual Privacy Notice.
Please check back for any additions to this policy.
Thank You.
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WARNING! |
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HVCC & YOU!
On May 1, 2009 the HVCC was initiated
throughout the Country on every mortgage transaction that
involves an appraisal that is sold to Fannie Mae and Freddie
Mac. This involves all conventional loans which prior to the
present meltdown was approximately 70% of all lending. With
the banking system crippled, conventional loans seized up
and nearly came to a halt. Presently, the conventional
mortgage market is still trying to get back on its feet
albeit very slowly and cautiously. Then there is the HVCC.
The HVCC came about due to pressure put on an appraisal
management company called eAppraiseIT by a large mortgage
lender Washington Mutual in the State of New York. The
Attorney General of New York created the HVCC. To stay out
of litigation (even though not directly involved), the
appellant in the case (The State of New York) arranged to
have Fannie Mae (FNMA) sign an agreement that all loans
placed through FNMA & Freddie Mac would have to adhere to
this new HVCC.
“We knew this was causing extreme hardship to the industry,
but we didn’t expect to get thousands of horror stories from
would-be homebuyers whose dreams have been dashed by this
well-intended, but misguided policy. Every day thousands of
people are getting the rug yanked out from under them in
their quest to become homeowners because of HVCC. You only
need to go to our petition website to read the stories for
yourself,” said Kearns. READ MORE... |
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CLIENT LOGIN |
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We
still accept appraisal orders via fax,
phone call and through the Order
Appraisal link on our website.
CLICK HERE! |
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