Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser.

Appraisal 404

Appraisal Inspection Real Estate Agent Training 404

Miller Samuel

NOVEMBER 30, 2018

Those are "PiW" loans or have a "Property Inspection Waiver." Liability insurers are already talking about a new target when things go south. of the actual value 50% of the time) and "hybrid appraisers" (which removes the appraiser from the actual inspection of properties) to develop a value opinion.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan.

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Inspection Insurance Buyers Renovations 136

Housing Wire

MARCH 21, 2022

According to Walsh, laws enacted by many states and municipalities require that foreclosing lenders register, inspect, and maintain properties during the foreclosure process, including before the lenders acquire title following a foreclosure sale. If the property is vacant, they will lower the offer further.

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Law Inspection Insurance Government 368

Appraisal Buzz

MAY 31, 2021

Only the wife was at home to greet the appraiser when they arrived to inspect her home. The term “redlining” comes from the development by the New Deal by the federal government of maps of every major metropolitan area in the country. These color codes were designed to indicate where it was safe to insure mortgages.

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Valuation Appraisal Real Estate Insurance 370

Housing Wire

OCTOBER 16, 2023

Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) We’re not competing, and inventory out there is now up for some negotiating on things like pricing, inspection, and rate buydowns.

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Agents Buyers Sellers Inventory 404

Realtor

AUGUST 1, 2018

We found an FHA-approved lender, and in no time, we were on our way to buying our first home with a government-backed loan. But in the middle of this process, someone asked us how much our mortgage insurance would be. “Mortgage insurance?” You’re on the hook for mortgage insurance for the life of the loan.

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Inspection Insurance Buyers Renovations 78

Housing Wire

JUNE 7, 2022

On the servicing side, a default servicer will work with a number of third-party vendors to gather collateral valuation, title information, property inspections and field services reports. Servicers, especially those who service government-insured loan products, are under statutory time constraints that give them very little wiggle room.

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Lending Mortgage Technology Modernization 339

The Appraiser Coach

JANUARY 23, 2024

The doctor doesn’t greet you at the door or go over your insurance with you. I know that many of you think you know where I’m going with this. I’ve shared the doctor’s office analogy many times. They don’t take your blood pressure, and they don’t call you on the phone to confirm your appointment.

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Training Law Appraisal Business 195

Zillow

JULY 15, 2019

American Society of Home Inspectors (ASHI) : A not-for-profit professional association that sets and promotes standards for property inspections and provides educational opportunities to its members. Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur.

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Real Estate Agent Insurance Inspection Buyers 56

Quicken Loans

JUNE 8, 2021

There are also plenty of risks: A home you buy at an auction might have a lien on its title from a government agency, especially if the former owners stopped paying property taxes. Buying A Government-Owned Property. You might also consider buying government-owned foreclosure properties. Let’s look at an example. Sellers (i.e.,

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Real Estate Agent Inspection Government Real Estate 72

McKissock

JANUARY 6, 2023

Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. Residential Insurance Appraiser – You will be responsible for conducting site-based or virtual high-value home property surveys that will be used for homeowners’ insurance purposes.

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Appraisal Training Lending Land Management 74

Appraisal Today

MARCH 15, 2024

NOTE: Please scroll down to read the other topics in this long blog post on USPAP and Personal Inspection, GSE Appraisal Modernization, Transaction costs and values including real estate commissions, unusual homes, mortgage origination stats, etc. = USPAP does not require use of the specific term “personal inspection”. Answer: No.

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Appraisal Inspection Modernization Business 70

Assurance Financial

APRIL 29, 2021

The federal government issues the certificate. Closing costs are the fees you pay to the lender to finalize the mortgage in addition to transfer fees paid to your local government, appraisal fees, attorney’s fees and title report fees. Home Inspection. The inspection can make the buyer aware of potential issues in a home.

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Mortgage Insurance Sellers Inspection 69

PennyMac

JULY 25, 2022

Conventional loans by definition are loans that are not backed or insured by any government entity. They are funded by a private lending institution and then typically sold to a government-sponsored entity such as Fannie Mae or Freddie Mac. Possibility of no mortgage insurance. Conventional Loan. Higher loan limits.

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Insurance Government Investing Mortgage 36

The Robert Weiler Company

JANUARY 7, 2021

In the event that any law, ordinance, or regulation is passed or enacted by the government, is the tenant or landlord responsible for all costs associated with required alterations of your operation or use of the premises? Indemnity and Insurance. What type of insurance can you maintain or obtain (e.g., Governing Law.

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Landlords Tenants Real Estate Law 148

Eppraisal

MAY 25, 2021

VA home loans are provided by private lenders and according to the website, benefits.va.gov, the United States government guarantees a portion of the loan, enabling the lender to provide you with more favorable terms. With the VA loan, it comes with a government guarantee. Eligibility Wondering if you are eligible for a VA home loan?

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Sellers Home Value Inspection Government 36

PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. FHA Mortgage Insurance Premium. Homeowners Insurance.

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Insurance Property Taxes Sellers Inspection 36

Eppraisal

APRIL 22, 2022

Change your address on your driver's license, with social security and with other government entities. Get Homeowner's Insurance Most mortgage companies require you to have proof of homeowner's insurance before you close. Let family and friends know your new address.

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Insurance Home Value Inspection Government 67

Housing Wire

FEBRUARY 8, 2022

But to simplify their operations, servicers voluntarily offered the safeguard for all borrowers, not only those who had loans guaranteed by government agencies, such as Fannie Mae and Freddie Mac. We already know that government staff were low, to begin with. A lot of people left work and didn’t come back during COVID.

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Law Mortgage Legal Finance 369

Housing Wire

DECEMBER 8, 2023

Includes current issues and trends in AZ real estate & property inspection issues CE Sales Package #1 with Ethics: 12 of the 24 required hrs of coursework (9 mandatory & 3 general hrs). Visit OnlineEd Overview OnlineEd is a licensed real estate school and insurance school that has been offering online courses since 1998.

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Real Estate Contracts Law Real Estate Agent 388

Housing Wire

MARCH 7, 2022

Unlike currencies issued by a country’s government, cryptocurrency is digital and has no central administration. What the paper wryly notes is that while the use of non-fungible tokens may be novel to the art economy, they have existed in real estate since the Henry VIII-led English government of 1536 created the deed.

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Real Estate Law Inspection Agents 477

Quicken Loans

NOVEMBER 18, 2021

VA loans are a little different from conventional loans and may also require that you complete a few extra steps before closing on your loan, such as performing a VA pest inspection and paying the VA funding fee. A conventional mortgage is a loan that isn’t backed or insured by the U.S. government. Conventional Mortgage.

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Insurance Mortgage Buyers Inspection 54

Quicken Loans

APRIL 12, 2021

Or, if there is an escrow shortage due to a rise in property taxes or insurance premiums, the escrow payment will increase. And since property taxes and homeowners insurance are typically paid through the monthly mortgage payment, the monthly payment will rise as well. Government mortgage relief programs.

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Inspection Property Taxes Mortgage Investors 54

Assurance Financial

SEPTEMBER 20, 2021

It’s important to note that any down payment under 20% normally requires mortgage insurance. However, if you put down more than 20%, you don’t need insurance. Your down payment has a direct impact on your mortgage’s loan-to-value ratio (LTV) and private mortgage insurance. What Is Private Mortgage Insurance?

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Insurance Mortgage Buyers Government 36

The Robert Weiler Company

NOVEMBER 9, 2022

And determine whether the government plans any upgrades in the future; this is a telltale sign of an up-and-coming hot spot. Being in a flood-prone area can seriously affect your insurance premiums and property value; it could also cause a great deal of aggravation and stress if you experience the wrath of Mother Nature.

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Transportation Real Estate Supply Chain Investing 78

Appraisal Today

AUGUST 18, 2023

This was the same process many of us underwent with the exterior-only (drive-by) inspections. Over time, we became accustomed to these assignments and agreed to perform them when we felt that a limited scope of work (an exterior inspection only) could still produce a credible appraisal.

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Appraisal Contracts Inspection Real Estate 75

Sammco Real Estate Appraisal Group

AUGUST 4, 2015

FHA stands for Federal Housing Administration and is an agency of the federal government. Therefore, the same rules apply around the country for any home bought using an FHA insured loan. These appraisal requirements are more stringent than those for conventional loans and may seem confusing to first-time buyers.

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Appraisal Inspection Law Insurance 60

Walitt Solutions

JULY 28, 2019

My talk focused on Property Inspections, which – to an outsider – might seem to be a straight-forward topic. So, with the changes in the first mortgage space, I asked the audience to consider several questions, when examining the varied face of property inspections that are currently in practice in the overall valuation profession.

Appraisal 28

Appraisal Inspection Valuation Lending 28

Housing Wire

JUNE 21, 2022

Selling a home typically involves nearly 10% in transaction fees between real estate agents , title companies, inspections, and other expenses. Instead, we prefer a “certified” pre-owned car that has gone through a multi-point inspection with all of the preventative maintenance up to date. There’s an even more subtle consideration.

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Investors Renovations Inspection Government 404

Town & Country Residential Appraisals

JANUARY 24, 2020

They ask you at the inspection “So, how much do you need this to come in at?” That’s a step towards mortgage insurance fraud and a lost license. We know that this is frustrating, however, it is the rule that governs the profession.

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Appraisal Market Value Contracts Clients 36

Housing Wire

JANUARY 11, 2024

In Europe, with GDPR, they’re pretty far ahead of us, but our government is catching up really fast. ” Jimmy Kelly, Lone Wolf Technologies president and CEO: “I think there’s still kind of an old-school mentality: it’s a face-to-face, belly-to-belly style business. .” Everyone’s using data, but it’s how you use it.”

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Technology Contracts Business Appraisal 435

Housing Wire

NOVEMBER 2, 2020

That rating has nothing to do with the GSEs’ skill sets, it comes from the government guaranty backing these companies. In other words, the GSEs get to see refreshed income, FICO, and asset data, thus insuring that this pool of borrowers are survivors of the COVID degradation to the economy. The other is GNMA MBS.

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Mortgage Marketing Government Inspection 534

Realvals

JUNE 18, 2023

It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. Appraisers don’t inspect electrical, plumbing, insulation, or anything else of the sort. Typically, the government will notify you of their intent to acquire your property.

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Appraisal Property Taxes Real Estate Market Value 145

The People's Appraisal Blog

JUNE 15, 2019

My blogs range from being overcharged for appraisals so the middle man (the appraisal management company or AMC) can make money, lenders still pressuring appraisers to hit a value, and now having untrained and unlicensed people perform inspections (see my last blog entitled “Deception”). The non-appraiser inspector?…a

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Training Appraisal Valuation Inspection 36

Raleigh Realty

MAY 3, 2021

The challenges of buying a home as a recent college graduate are similar to that of buying a home as a government employee. Conventional loans are insured by private lenders. The catch is that you will need to pay private mortgage insurance if you put down less than 20. Unconventional loans are insured by the federal government.

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Real Estate Agent Real Estate Insurance Inspection 78

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. In general, the full cycle of the commercial real estate appraisal process can take several days to weeks, when you factor in the inspection and subsequent investigative work.

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Real Estate Appraisal Property Appraisal Valuation 60