Professional Qualifications
Timothy M. Lake
Real Estate Appraiser and Consultant

LICENSE:
Certified Residential Real Estate Appraiser
State of Michigan License No. 1201006577
15 years of residential experience appraising all residential property types
FHA Approved
EDUCATION:
Colorado State University, Fort Collins, Colorado (1989-1991).
General Studies
Business Management
School Craft College, Livonia, Michigan (1992).
General Studies
Western Michigan University, Kalamazoo, Michigan (1992-1993).
Business Management
English Composition
Micro-Macro Economics
Finance
Algebra, Geometry, Statistics
Computers-Word Processing/Spreadsheets
Business and Real Estate Law
Holloway’s Real Estate Institute, Grandville, Michigan (1994-1999).
Real Estate Institute “One”
Real Estate Appraisal “One”
Uniform Standards of Professional Appraisal Practice
Real Estate Appraisal “Two”
Northern Michigan University, Marquette, Michigan (2000-2001).
Comprehensive Residential Overview
Narrative Report Writing
Applied Mathematics & Statistics for Residential Appraisers
Northern Michigan University, Marquette, Michigan (2003-2005).
The Big Picture – (Anatomy of a Real Estate Transaction)
Real Estate Fraud
Residential Design and Functional Utility
Appraising Manufactured Housing
2004 Uniform Standards of Professional Appraisal Practice

​

Mckissock Real Estate Courses (2006-2008).
2006 National USPAP
Michigan Law
Developing & Growing an Appraisal Practice
Disclosures & Disclaimers
The Dirty Dozen
Appraisal Trends
Mckissock Real Estate Courses (2009-present).
2008-2009 National USPAP
Michigan Law
Introduction to Green Building for Real Estate Appraisers
Ad Valorem Tax Consultation

WORK EXPERIENCE:
Lake’s Superior Appraisal Service, Petoskey, Michigan (2003-present).
Owner and operator- Responsibilities include completing residential appraisal reports for Banks, Mortgage Companies, Credit Unions, Appraisal Service Companies, Attorney’s, and general public.
Northern Appraisal, Petoskey, Michigan (1998-2002).
Appraiser trainee- Responsibilities included assisting in collection of data, physical inspections, and review of cost data, market analysis, and production of residential appraisal reports under the supervision of a certified general real estate appraiser.
Staff Appraiser- Responsibilities included individually collecting data, physical inspections, review of cost data, market analysis, production of appraisal reports, reviewing appraisal reports, billing, training of limited licensed appraisers, maintaining existing residential clients as well developing new residential clients.
Ground Round Restaurant, Kalamazoo, Michigan (1994-1998).
Responsibilities include providing beverage service, management of money and inventory duties.
Hydrotech Small Business, Kalamazoo, Michigan (1995-1998).
Owner and operator- Responsibilities included commercial and residential cleaning and exterior restoration of properties.
Radisson Plaza Hotel, Plymouth, Michigan (1988-1989).
Responsibilities included management and service for Hotel, Restaurant, and Comedy Club.

​

PARTIAL LIST OF LENDING INSTITUTIONS CLIENTS:
PNC Bank
JP Morgan Chase Bank
The Bank of Northern Michigan-Petoskey, Michigan
Fifth Third Bank-Petoskey, Michigan
First Community Bank-Petoskey, Michigan
Alden Bank
Bay Winds Federal Credit Union, Michigan
Quicken Loans
Independent Mortgage Company
LSI
GMAC
Imortgage
Corelogic
Michigan Home Loans
Old Republic Title

PARTIAL LIST OF ATTORNEY CLIENTS:
Ronald W. Powers-Petoskey, Michigan
Paul E. Nettleman-Petoskey, Michigan
Neil Marzella-Harbor Springs, Michigan

REAL ESTATE ASSOCIATION MEMBERSHIPS:
Michigan Association of Real Estate Appraisers
National Association of Realtors
Emmet Association of Realtors

APPRAISAL ACTIVITIES AND PURPOSES:
All types of residential real estate appraisals
Purposes of appraisals include:
  Financing
  Investment
  Estate Planning
  Tax Review
  Settlement
  Insurance Loss
Current Appraisal Goals:
Pursue an SRA Appraisal Institute designation.

​

​

Expand client base.
Expand appraisal assignments in more non bank related work

PERSONAL INTERESTS:
Coaching Petoskey Little League
Coaching Basketball
Competitive Golf
Hunting/Fishing
Water Sports
Down Hill Skiing

REFERENCES:
1. Northern Appraisal-Petoskey, Michigan
  Joe Stakoe, Certified General Real Estate Appraiser
   231-348-9800

2. JP Morgan Chase Bank-Petoskey, Michigan
  David Woods, Commercial Lending
   231-348-7711

3. Petoskey New Review-Petoskey, Michigan
  Dawn Cross, Advertising
   231-838-7948

ABOUT US