Wild Bill Milenski, William Milenski MAI?, AI

Posted by Cochise on May 05, 2008 at 10:11:26:

KUSA – A real estate appraiser accused of overvaluing land has lost his license and now William Milenski MAI? may face charges.

The Colorado Attorney General's office is investigating whether Milenski MAI? over appraised conservation easements. The easements are used to stop development on private lands.

In exchange, landowners are given state income tax credits that can be sold for cash.

The program has come under fire because of concerns that appraisals have been improperly inflated and lands with questionable public value have been protected.

"What we've seen with our investigation is that upwards of $100 million in state tax credits are suspect. That's money that is coming directly out of state coffers," said Erin Toll with the Department of Regulatory Agencies.

The Senate passed a bill on Thursday to establish a commission to help police the conservation easement program. House Bill 1353 will also give the Department of Revenue and the Division of Real Estate more staff to review transactions.

(Copyright KUSA*TV. All rights reserved.)

• FHA Appraiser

Follow Ups:

• Re: Wild Bill Milenski, William Milenski MAI?, AI (url) - Cochise 16:32:23 05/12/08 (4)
  • Re: Wild Bill Milenski, William Milenski MAI?, AI (url) - Cochise 09:17:32 07/24/08 (0)
  • John Nicolo, MAI? Anyone with information please let us kno (url) - Cochise 09:37:48 05/13/08 (2)
    • Re: John Nicolo, MAI? Anyone with information please let us kno (url) - Cochise 09:23:38 05/22/08 (1)
      • Re: John Nicolo, MAI? Anyone with information please let us kno - columbo 17:43:23 08/06/08 (0)

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