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Challenging a mortgage appraisal

Annarbor Appraisal

Challenging the results of the appraisal for mortgage financing. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. When a sale is involved, the valuation may be lower than contracted price.

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

Appraisal 397
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Appraisal firm, loanDepot sued by Black couple for bias

Housing Wire

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there.

Appraisal 366
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The Appraiser-Agent Relationship: A Win-Win Approach

Birmingham Appraisal

Understanding the Roles: Agents and Appraisers: Real estate agents bring their expertise in marketing and negotiations, while appraisers provide impartial and accurate property valuations. Navigating Complex Properties: In cases of unique or complex properties, agents and appraisers collaborate to ensure accurate valuations.

Agents 85
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The Appraisal World is changing, as is UAD and the URAR

McKissock

There has been a lot of talk about the Uniform Appraisal Dataset (UAD) and Uniform Residential Appraisal Report (URAR) redesign initiative, and how it will make life easier for appraisers. The mortgage appraisal forms we use today were designed in 2005 using technology and mortgage processes in place at the time.

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How To Appraise Rural Properties

Appraisal Today

How To Appraise Rural Properties Excerpts: Appraising residential properties in rural areas can be both challenging and rewarding. Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. By Dallas T.

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New Homebuyer’s Guide To Appraisals

Birmingham Appraisal

What is a Mortgage Appraisal? A mortgage appraisal is an appraisal that is done for mortgage lending purposes. Lenders, including banks and mortgage companies, require an appraisal to justify the loan they are making. Who is the Appraisal for? This is called equity.