City Skline


Andolfo Appraisal Associates, Inc.


Staff Appraisers

A. Augustine AndolfoA. Augustine Andolfo

-Engaged in the Real Estate Business in Rhode Island since 1979
-Engaged in Real Estate Appraisal field since 1996
-Certified General Appraiser, State of Rhode Island #A00733G
-Rhode Island Real Estate Broker's License #B10081

Employment History:

-1980-1984 Branch Manager/Hospital Trust National Bank
-1985-1986 Credit Analyst/Hospital Trust National Bank
-1986-1987 Assistant Vice President/Relationship Manager Commercial Real Estate Division, Hospital Trust National Bank
-1988-1996 Vice President and Group Head, Commercial Read Estate Division, Shawmut National Bank
-1996 - Present, Vice President, Commercial Division, Andolfo Appraisal Associates, Inc.

Education

-Providence College, Providence, Rhode Island - B.A. Political Science - 1976
-University of Rhode Island - Certificate in Real Estate, 1980
-University of Oklahoma - National Commercial Lending School - Commercial Lending Degree - 1982
-Society of Real Estate Appraisers - Course 101 - Introduction to Appraising Real Property - 1982
-American Institute of Banking - Financial Statement Analysis - 1984
-Capitalization Theory and Techniques, 1992
-Omega/Robert Morris Associates - Understanding Business Cashflow and Commercial Loans to Business - 1994
-American Real Estate Academy - Uniform Standards of Professional Appraisal Practice - 1996
-Appraisal Institute - Uniform Standards of Professional Appraisal Practices - 1996
-Appraisal Institute - Course 120 Appraisal Procedures - 1997
-Appraisal Institute - Course 620 - Sales Comparison Valuation of Small, Mixed-Use Properties - 1998
-Appraisal Institute - Course 310 - Basic Income Capitalization - 1999
-American Society of Appraisers and Appraisal Institute - Course 201 Introduction to Business Valuation - 2002
-Appraisal Institute - Course 320 General Applications - 2004
-Appraisal Institute - Code of Professional Ethics & Standards of Professional Appraisal Practice, National Updates - 2001 and 2004
- Appraisal Institute - Evaluating Commercial Construction - 2005
- Appraisal Institute - Course 540 Report Writing - 2005
- Appraisal Institute - Subdivision Valuation - 2006


Member:

-National Association of Realtors
-Greater Providence Board of Realtors
-Finance Secretary for St. Thomas More
-Narragansett Lions Club


Qualified Expert Witness:

-Superior Court of Rhode Island
-Town of Narragansett, Zoning Board of Review


Appraisals Submitted:

-Citizens Bank
-The Washington Trust Company
-Bank Rhode Island
-BankBoston
-First Bank and Trust Company
-Fleet Bank
-Express Financial Services, Inc.
-Westerly Savings Bank
-Northwest Mortgage Company
-AAMES Financial
-Credit Union Central Falls
-Cityscape Corporation
-HomeComings Financial Network
-Collateral Update
-Metropolitan Mortgage & Securities Company, Inc.
-Alliance Funding
-Mechanics Savings Bank
-Providence Redevelopment Agency
-HFS Mobility Service, Inc.
-Credit Union Financial Services, Inc.
-Cornerstone Mortgage Company
-First Union National Bank
-Alexander Mortgage Corp.
-Bottom Line Mortgage Corp.
-Mortgage Capital Solutions
-Western Capital
-Superior Bank, FSB
-Delta Funding Corporation
-Ocean State Community Credit Union (formerly known as Warwick Credit Union)
-Rhode Island Department of Environmental Management
-Rhode Island Economic Development Corporation
-Rhode Island Housing (formerly RIHMFC)
-Minority Investment Development Corporation
-U.S. Fish and Wildlife Service, Division of Realty
-First Pioneer Farm Credit
-Sovereign Bank
-Enterprise Financial
-First Trade Union Bank
-UniBank for Savings
-Newport Federal Savings Bank
-Greenwood Credit Union
-BayView Financial Trading Group
-Town of Burrillville
-City of East Providence
-City of Cranston
-Rhode Island Airport Corporation
-United States Small Business Administration
-Westerly Hospital
-South County Hospital
-Eastern Bank
-First Federal Savings Bank of America (FIRSTFED)
-Silver Hill Financial, LLC
-Interbay Funding
-Webster Bank
-Randolph Savings Bank
-United States Marshalls Service District of Rhode Island
-Investors, Attorneys and Private Parties


Affiliated Companies:

-Vice President and Manager - Andolfo Real Estate, Inc.


Thomas M. Ross


-Engaged in the Real Estate Business for over 22 years
-Certified General Appraiser, State of Rhode Island, #A00343G


Employment History:

-1990 - Present Andolfo Appraisal Associates, Inc.
-1987 - 1990 ComFed Appraisal Services, Inc.
-1986 - 1987 New England Appraisal Consultants
-1985 - 1986 Coldwell Banker Real Estate
-1981 - 1985 Raytheon Company


Successfully Completed:

-Course 101 - Introduction to Appraising Real Property
Society of Real Estate Appraisers
-Course 102 - Applied Residential Property Valuation
Society of Real Estate Appraisers
-Standards of Professional Practice - Module A
Appraisal Institute
-Standards of Professional Practice - Module B
Appraisal Institute
-Analyzing Operating Expenses - Appraisal Institute
-Course 600 - Income Valuation of Small, Mixed Use
Properties - Appraisal Institute
-Course 620 - General Applications - Appraisal Institute
-?The Yellow Book Seminar? - Uniform Appraisal Standards for Federal Land Acquisitions: Practical Applications for Fee Fee Appraisers - Appraisal Institute
-Apartment Appraisal: Concepts and Applications - Appraisal Institute
-Feasibility, Market Value, Investment Timing: Option Value - Appraisal Institute
-Eminent Domain and Condemnation - Appraisal Institute
-Appraising From Blueprints and Specifications - Appraisal Institute
-REA 5.1 - Appraising Complex Residential Properties - Massachusetts Board of Real Estate Appraisers
-REA II - Introduction to Income Property Appraisal,
Part A - Massachusetts Board of Real Estate Appraisers


Graduate of:

-Springfield Technical Community College, Springfield, MA, A.S.
-Blue Hills Regional Technical Institute, Canton, MA, A.S.


Affiliations:

-Town of Glocester, Rhode Island - Tax Assessor?s Board of Assessment Review

Qualified Expert Witness:

-Superior Court of Rhode Island

Appraisals for:

-Bank of America
-Bank Rhode Island
-Citizens Bank
-Credit Union Central Falls
-Federal Deposit Insurance Corporation (FDIC)
-Foster Land Trust
-Glocester Land Trust
-Johnston Land Trust
-Providence Public Building Authority
-Randolph Savings Bank
-Resolution Trust Corporation (RTC)
-Rhode Island Housing
-State of Rhode Island, Department of the Attorney General
-State of Rhode Island, Department of Environmental Management
-The Washington Trust Company
-United States Marshals Service
-Coldwell Banker Relocation Services
-Providence Redevelopment Agency
-Webster Bank
-Various attorneys and private parties


Karen M. Valletta


-Engaged in the Real Estate Business in Rhode Island since 1973
-Engaged in the Real Estate Appraisal field since 1986
-Licensed Residential Appraiser, State of Rhode Island #A00513L
-Licensed FHA HUD Fee Appraiser, January, 2000 to Present


Employment History:

-November, 2000 - Present Andolfo Appraisal Associates, Inc. Staff Appraiser
-1999 - 2000 United Appraisal Staff Appraiser
-1992 - 1999 Capitol Appraisal Staff Appraiser
-1988 - 1992 Oaklawn Appraisal Staff Appraiser
-1986 - 1988 Keefe & Keefe Appraisal of Seekonk and Canton, Massachusetts Staff Appraiser
-1973 - 1986 Citizens Bank Mortgage Processor


Education and Noted Courses:

-Rhode Island College, Providence, Rhode Island 1974 - 1976
-1996 - Appraisal Standards & Ethics; Income and Cost Approaches
-2000 - How to Market and Sell Older and Historic Homes
-2000 - How to Search a Title in Rhode Island
-2002 - Residential Construction Technology
-2003 - Big Three Environmental Issues
-2004 - Appraising the Oddball Property
-2003 - Historic House Specialist Training Seminar - Providence Preservation Society
- 2004 - FHA Update - Appraisal Institute
- 2007 - Basic Surveying Methods for Appraisers Seminar - Appraisal Institute
- 2007 - Appraisal Review - Appraisal Institute
- 2007 - USPAP Update - McKissock Real Estate & Appraisal School
- 2007 - Construction Details and Trends - McKissock Real Estate & Appraisal School
- 2007 - Appraisal Trends - McKissock Real Estate & Appraisal School
- 2007 - 2-4 Family Finesse - McKissock Real Estate & Appraisal School


Appraisals Submitted:

-American Residential Mortgage, LLC
-BankBoston
-Bank Rhode Island
-Chase Manhattan Mortgage
-Citizens Bank
-City of Providence, Tax Assessor -Coastway Credit Union
-Columbia National
-Domestic Bank
-East-West Mortgage Company
-First Bank and Trust Company
-Flagstar Mortgage
-Fleet Bank / Bank of America
-Foremost Mortgage
-GE Capital Mortgage
-GMAC Mortgage
-Ivy Mortgage
-Mortgage IT, Inc.
-Northeast Mortgage
-Ocean West Mortgage
-Old Kent Mortgage
-People's Mortgage
-Randolph Savings
-Rhode Island Airport Corporation
-Rhode Island Economic Development Corporation
-Rhode Island Housing (formerly RIHMFC)
-Rhode Island State Employees Credit Union
-Salem Five Mortgage Corp.
-Sovereign Bank
-The Washington Trust Company
-Town of Johnston, Tax Assessor
-Wall Street Mortgage
-Investors, Attorneys and Private Parties


Gerard A. Fournier


-Engaged in the Real Estate Appraisal field since 1984
-Licensed Appraiser, State of Rhode Island #A00414L


Employment History:

-September, 2006 - Present Andolfo Appraisal Associates, Inc. Staff Appraiser
-March, 2006 - September, 2006 Forsythe Appraisals, LLC. Staff Appraiser
-2000 - 2006 Ideal Realty Services Staff Appraiser
-1993 - 2005 Peter Scotti & Associates Staff Appraiser
-1991 - 1993 Boston Five Appraisal Corporation Staff Appraiser


Education and Noted Courses:

-Providence College, Providence, Rhode Island, 1967 - 1972,
B.A. Political Science
-101 - Introduction to Appraisal of Real Property Standards Standards of Professional Appraisal Practice Parts A and B
-The REA 1.2 - Practical Residential Appraising Part A
- Residential Market Analysis and Highest & Best Use
-USPAP Update
-The Professional?s Guide To Uniform Appraisal Report
- Unique and Unusual Properties
- Land Development
-Residential Appraisal Problem Solving Part II
-Appraiser?s Use of the Internet/Untangling The Web
- Title Search
-When Good Houses Go Bad/Understanding and Evaluation Sick House Syndrome
- Expert Witness Testimony in Tax Appeal Cases and Bankruptcy Hearings


Appraisals Submitted:

-AAA Southern New England Bank
-Chase Manhattan Mortgage
-Citizens Bank
-Coastway Credit Union
-Fleet National Bank / Bank of America
-Greenwood Credit Union
-Greenwich Mortgage
-Old Stone Bank
-Rhode Island Housing (formerly RIHMFC)
-Rhode Island Hospital Trust National Bank
-Sovereign Bank
-The Washington Trust Company
-Union Federal Savings Bank
-Washington Mutual
-WCS Lending, LLC
-Investors, Attorneys and Private Parties


Adam T. Andolfo


-Certified Residential Appraiser, State of Rhode Island #A01207R
-June, 2004 Associate Member of the Appraisal Institute
-June, 2004 Member, RI Chapter of the Appraisal Institute.
-December, 1999
Awarded Rank of Eagle Scout, Boy Scouts of America, Troop 76, Providence RI


Employment History:

-2004 - Present Andolfo Appraisal Associates, Inc.



Education and Noted Courses:

-1996 - 2000 La Salle Academy, Providence, RI
-2000 - 2004 University of Connecticut, Storrs, CT - B.A. Urban Studies
- Appraisal Institute - Intro to GIS Applications for Real Estate Appraisal - August 2004
- Appraisal Institute - Basic Appraisal Principles - January 2005 and February 2005
- Appraisal Institute - Course 410 - 15-hour National USPAP Course - March 2005
- Appraisal Institute - Evaluating Residential Construction - April 2005
- Appraisal Institute - 2006 USPAP and Scope of Work Update - May 2006
- Appraisal Institute - Appraising from Blueprints and Specifications - May 2006
- Appraisal Institute - When Good Houses Go Bad: Understanding and Evaluating Sick House Syndrome - August 2006
- Appraisal Institute - Basic Income Capitalization - September 2006
- Appraisal Institute - Residential Market Analysis and Highest and Best Use - October 2006
- MBREA - Residential Program - New England Appraisers Expo - November 2006
- Appraisal Institute - USPAP 7-Hour Update - November 2006
- Appraisal Institute - The Forces and Challenges Affecting the National and Rhode Island Economy - June 2007
- Appraisal Institute - Analytics with the Site to Do Business - December 2007
- Appraisal Institute - Business Practices and Ethics - February 2008
- Appraisal Institute - Save the Bay - April 2008
- Appraisal Institute - Associate Guidance Course - May 2008
- Appraisal Institute - REO Appraisal: Appraisal of Residential Property Foreclosure - September 2008
- Appraisal Institute - Appraisal Challenges: Declining Markets and Sales Concessions - October 2008
- Appraisal Institute - USPAP 7-Hour Update - November 2008
- Appraisal Institute - Introduction to FHA Appraising - February 2009
- Appraisal Institute - The New Residential Market Conditions Form - April 2009


Appraisals For:

- Bank Rhode Island
- Capital One Home Loans
- Chase
- CitiMortgage, Inc.
- Citizens Bank
- Coastway Credit Union
- First Equity Funding
- First Pioneer Farm Credit
- Freedom National Bank
- Greenwood Credit Union
- Lehman Brothers Bank, FSH
- J.P. Morgan - Speciality Assets
- Mercury Real Estate Services
- Newport Federal Savings Bank
- Pace Realty Advisors, LLC
- Providence Redevelopment Agency
- Randolph Savings Bank
- Rhode Island Housing (formerly RIHMFC)
- Rhode Island Department of Environmental Management
- Rhode Island Department of Human Services/Office of Legal Services
- South Side Community Land Trust
- Sovereign Bank
- Stewart Title Guarantee
- The Washington Trust Company

- Attorneys and property Owners

In solving most appraisal problems, the final value conclusion depends largely on the ability/judgement and integrity of the appraiser. We believe that the appraisers at Andolfo Appraisal Associates, Inc., are duly committed to this goal.



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