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The Importance of Tax Escrow Payment Processing for Mortgage Servicer Operations

Appraisal Buzz

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance.

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Fannie Mae: Policymakers should look elsewhere to improve affordability

Housing Wire

The paper argues that while mortgage costs — including mortgage insurance, guaranty fees and loan-level price adjustments — are often the focus of policymakers looking to address affordability, other costs make up most of the overall cost of housing. An FHFA spokesperson declined to comment on the research.

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Consider These Factors When Choosing a Real Estate Appraiser

East Coast Appraisal

Property appraisers use several forms of insurance coverage to protect their business. However, you only need to confirm a few forms of insurance coverage, depending on your role in the property transaction. For example, a buyer should confirm that the appraiser carries errors and omissions (E&O) insurance.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

A qualified appraiser will compare recent sales of similar local properties, market trends and conduct a visual inspection of the home’s interior and exterior to determine the property’s fair market value. For example, an appraiser will check the condition of the walls, roof, floors and the structure’s overall integrity.

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12 Types of Expert Witness Assignments for Appraisers

McKissock

Typically, this would be for local property tax appeals. Appraisals are then required to assist the owners, and eventually the courts, to determine the value of the property. Insurance claims. McKissock’s Unlimited Learning Membership is your one-stop, money-saving solution for all CE plus professional development.

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Bitcoin Real Estate Transactions Gain Popularity

McKissock

Although using crypto to pay for real estate isn’t a new concept (we’ve already been using it for international transactions), it’s starting to become a more mainstream concept when it comes to local property sales. It’s also worth noting that Bitcoin made up 60% of the volume of luxury purchases made with crypto via BitPay.

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Digital Real Estate In the Metaverse

McKissock

Although using crypto to pay for real estate isn’t a new concept (we’ve already been using it for international transactions), it’s starting to become a more mainstream concept when it comes to local property sales. But don’t take our word for it! How Buyers Can Use Bitcoin to Buy Real Estate.