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Fannie Mae Changes 2018

Robinson Appraisal Group

The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum was required with all one- to four-unit property appraisals performed on or after April 1, 2009. So what is the 1004MC form?

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Cybersecurity Concerns Appraisers Should Know

Appraisal Buzz

In 2019, Australian bank customers experienced a massive industry-wide data breach that was tied directly to a property valuation firm, potentially impacting anyone who had home appraisals conducted by the company between 2015 and 2018. Why is this such a big deal for appraisals?

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Teardowns Return as the Cost of Land Rises

Empire Appraisal Group

Sunshine Park, a century-old community of 130 properties south of downtown, is pursuing historic designation after seeing unsettling demos and rebuilds, including the razing of a 1920s-era mission-style house. We made a pitch – designate it, move it – but there wasn’t interest.”. Two were demolished and one added a second floor.

Design 78
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Appraisal Inspection Vs. Home Inspection: Your Role as an Appraiser

McKissock

So right from the start, in at least 30 states that license home inspectors, the property inspection you make for the purposes of developing an appraisal should not be confused with a home inspection completed by a home inspector, because you are not licensed as home inspector and you were not hired by the client to complete a home inspection.

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Q&A: Is It Time to Take On an Appraisal Trainee?

McKissock

They tend to assume that the trainee, once she earns the Certified Appraiser designation , will set up shop as a competitor. On the other hand, the appraisal industry needs fresh blood. The existing population of licensed and certified appraisers is aging—and in some markets, shrinking.

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Understanding Mortgage Payments

Assurance Financial

Property search: You search for a property to purchase within the pre-approved loan amount. Property appraisal: The lender hires an appraiser to determine the value of the property to ensure it is worth the amount being borrowed. That grace period is often about 15 days.