Instant House Appraisal.com Ordered to Cease and Desist Online Appraisals

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The Arizona Board of Appraisal has ordered Instant House Appraisal.com to cease and desist from performing appraisals on Arizona properties unless and until a licensed Arizona appraiser is retained.

Instant House Appraisal.com (http://www.instanthouseappraisal.com) today announced that it has received a letter from the Arizona Board of Appraisal ordering Instant House Appraisal.com to cease and desist from performing appraisals on Arizona properties unless and until a licensed Arizona appraiser is retained. Failure to do so will result in the Board pursuing injunctive relief and further litigation.

“We regret using the word “appraisal” in our name and causing the Arizona Board of Appraisal to be concerned that Instant House Appraisal.com is providing unlicensed appraisal services’” said Stephen Schramke, founder of Instant House Appraisal.com. “We were confident that our web site provided a clear and adequate explanation of the distinctions between automated valuation model reports and professional licensed real estate appraisal services.”

The http://www.InstantHouseAppraisal.com site has been replaced with a new website, http://www.InstantHomeValuations.com .

Mr. Schramke went on to say, “We have the utmost respect for the valuable and important services that licensed professional real estate appraisers provide. The recent significant appreciation of real estate values through out the country is causing consumers to carefully consider, their home’s listing price and listing price of homes they are contemplating purchasing. The need for professional licensed appraisers and real estate agents has never been greater.”

Instant Home Valuations.com provides consumers with access to the same automated valuation technology and reports used by banks and mortgage companies to approve mortgages and home loans. The company’s self-service online home valuations have been popular with consumers and real estate professionals. Since the site’s launch in March this year, Instant Home Valuations.com has provided over 40,000 reports to consumers and has 1,900 real estate agents and mortgage brokers registered as report sponsors.

About Instant Home Valuations.com

Instant Home Valuations.com, Inc. provides consumers with online automated home valuation reports in 42 states and over 600 counties nationwide. The company’s consumer-driven, self-service automated valuation reports service also provides consumers with introductions to real estate agents and mortgage brokers who sponsor reports.

Stephen Schramke

Phone (425)-837-8999

e-mail: sschramke@instanthomevaluations.com

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