Craig Wallace has been involved in the Real Estate and Construction Industry for over 25 years. He began his career as a junior draftsman working for a local Architect while still in High School. He then went on to attend Cal State Long Beach for Construction Management.
From 1998 – 2003 he worked for numerous ENR Top 100 General Contractors.. This construction back ground laid the foundation for a career change to Appraisal in 2003.
Craig Wallace has since earned his State Certification Level from California, is an FHA approved appraiser, is on the approved appraiser list directly with Bank of America, Wells Fargo, Chase, and numerous local institutions. He is currently pursuing a California Real Estate Broker License.
Craig Wallace is the founder of Wallace Real Estate Services, a firm that specializes in Property valuations for various needs as well as Construction related Consulting.
Michael Yates began his real estate career in 1985 when he entered into the field of real estate development, providing project management services for residential projects throughout the Southern California area. During this time he received his Bachelor of Science degree from the University of Southern California in Business Administration.
Upon graduating, he entered the field of commercial real estate valuation with Houston based Aaron & Wright Inc. While pursuing the MAI designation with the Appraisal Institute, he gained nationwide valuation expertise of virtually all property types including religious facilities, investment grade apartment properties, office buildings, retail buildings, industrial buildings, vacant land, and special use properties. In 1995, he became Aaron & Wright’s Regional Manager of all West Coast operations and serviced prominent investment banks, securitization lenders and national commercial banks.
In 1997 Mr. Yates joined forces with Arthur Andersen LLP, where he served as senior consultant in the Real Estate Valuation department. There he provided a variety of litigation consulting and due diligence services to the worlds leading financial institutions. His experience included servicing clients on commercial real estate related projects as well as managing staff and quality assurance. At Arthur Andersen he performed lease audits for acquisitions and financing on commercial portfolio transactions exceeding 500 million dollars, underwriting and loan service analysis for prominent investment banks, comprehensive feasibility studies as well as a variety of purchase price allocation and litigation advisory services on corporate related transactions. Michael Yates is a Member of the Appraisal Institute, is a designated expert witness, and is licensed by the states of California & Colorado as a Certified General Real Estate Appraiser.
Certified Residential Real Estate Appraiser
EXPERIENCE
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1992-PRESENT |
INDEPENDENT FEE APPRAISER (COACHELLA VALLEY), PALM DESERT, CA |
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1988-1992 |
PROJECT MANAGER THE ELDORADO CO. INDIAN WELLS, CA REAL ESTATE INVESTMENTS |
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1983-1988 |
VICE-PRESIDENT MERCHANDISING AND MARKETING THE WIOR CORPORATION, LOS ANGELES, CA WOMEN’S APPAREL MANUFACTURING |
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1970-1983 |
SENIOR BUYER MERVYN’S STORES, HAYWARD, CA |
EDUCATION
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BACHELOR OF ARTS, UNIVERSITY OF NEBRASKA 1967, SPEECH/ECONOMICS |
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REAL ESTATE APPRAISAL LICENSE, 1992 RE PRINCIPLES FOR APPRAISERS, 1997 INCOME PROPERTY ANALYSIS, 1998 REAL ESTATE SALES LICENSE, 1994 FHA APPRAISER CERTIFICATE, 1996 FHA UPDATE, 1998 FHA 203K APPRAISALS, 1996 HOME INSPECTION, 1996 FEDERAL & STATE LAWS, 1998 USPAP, 1998 FHA NATIONAL POLICY, 1999 REAL ESTATE FRAUD, 2000 INTERNET FOR APPRAISERS, 2000 APPRAISAL REVIEW, 2000 COMPLEX RESIDENTIAL APPRAISERS, 2000 USPAP, 2000 COST APPROACH, 2000 APPRAISING 1-4 RENTAL UNITS, 2001 |
APPRASER’S ADDENDUM WRITING, 2001 APPRAISING MANUFACTURED HOMES, 20002 FINANCIAL PLANNING, 2002 NATIONAL USPAP UDATE, 2003 MARSHALL AND SWIFT, 2004 MANUFACTURED HOMES (WAMU), 2004 FNMA & ANSI, 2004 PLANS & SPECIFICATIONS, 2004 ADJUSTMENT TECHNIQUES, 2004 CUSTOM HOME APPRAISALS, 2004 APPRAISING FOR THE SECONDARY MARKET, 2004 USPAP, 2005 FHA UPDATE, 2005 FHA UPDATE, 2006 USPAP, 2007 REO & FORECLOSURE, 2008 USPAP, 2008-2009 |
