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How Remaining Economic Life Works

Cleveland Appraisal Blog

In appraisals completed for mortgage lending purposes, some lenders require that the total remaining life of a home not be less than the term of the mortgage. All Mortgages to be insured under Section 223(e) must be submitted to the Jurisdictional HOC for prior approval.” REMAINING ECONOMIC LIFE FOR LENDING PURPOSES. It depends.

Appraisal 365
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8 Essential Steps on How to Rent Out Your House: A Comprehensive Step-by-Step Guide

Movoto

8 Steps On How to Rent a House The following will provide a simple guide that will teach you how to rent out your house. After you’ve completed a repair or renovation, you should hold onto as many useful materials as possible – whether it’s trim, shingles, ceramic tiles, or other items you’ll surely need again.

Tenants 36
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A complete guide to closing on your first home

Movoto

Here’s a complete guide to what to expect at your home closing. Here’s a simple guide to everything you need to know about closing on your first home. Title company representative: The title company insures the title status during closing. The seller: The current homeowner. Get excited!

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

In this new homebuyer’s guide to appraisals, I’ll help you understand the process during your first home purchase. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. I hope this new homebuyer’s guide to appraisals has been helpful. Conclusion.

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Mastering How to Order a Home Appraisal Quickly

AmeriMac

Whether you’re a buyer looking to secure a mortgage, a seller determining the asking price, or a homeowner considering a case of a refinance, understanding how to order a home appraisal quickly is essential for a successful home purchase. On average, a home appraisal typically takes a minimum of seven days to complete.

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Investor + Flippers Guide to FHA Flipping Guidelines

Listing Spark

The FHA has insured over nine million mortgages since 2009 , and as home prices have climbed higher than ever in the past three years, many prospective homeowners are turning to FHA loans due to the increased assistance and down payment requirements.

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Appraiser Liability Risks

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. He designed the estate, completed in 2000, from the ground up. Well written, short, and worth reading.