Housing Wire

MARCH 7, 2022

between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. million in NFTs were swiped by thieves who tricked OpenSea users into signing contracts allowing NFTs to be transferred without payment. The average time in the U.S. of Bitcoin currency.

Real Estate 485

Real Estate Law Inspection Agents 485

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. Mortgage applications decreased 0.8

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Appraisal Agents Real Estate Real Estate Agent 83

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. The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.”

Appraisal 36

Appraisal Market Value Contracts Clients 36

Appraisal Today

SEPTEMBER 23, 2022

NOTE: Please scroll down to read the other topics in this long blog post on VA changes, Driving vs. office time, unusual homes, mortgage origination stats, etc. In a May 13 letter to the House Veterans Affairs Committee, AI noted, “We believe the VA appraisal process is sound and deserves broad support by the mortgage and housing sectors.

Appraisal 52

Appraisal Marketing Business Contracts 52

Appraisal Buzz

JUNE 3, 2024

Since 2008, HUD has issued new HUD-VASH vouchers every year. Enforcing homeowner protections The VA recently issued guidance to encourage mortgage servicers to implement a targeted moratorium on foreclosures for veterans with VA-guaranteed loans through December 31, 2024.

Tenants 397

Tenants Modernization Inspection Contracts 397

Appraisal Today

MAY 26, 2023

Cosmetic repairs Examples MPR repairs Examples Conditions that require inspection Examples To read more, click here My comments: If you do FHA appraisals, read this blog post. I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement.

Easement 52

Easement Contracts Appraisal Inspection 52

Appraisal Today

MAY 24, 2024

During my term as an appraisal board member in my state, I encountered several cases in which a mixed-use property or commercial property was appraised as a residential property so a borrower could obtain a residential mortgage. Built in 2008, the luxury estate last traded hands in 2021 for $6,250,000. baths, 19,660 sq.ft.,

Appraisal 84

Appraisal Contracts Mortgage Reconsideration of Value 84

Appraisal Today

JANUARY 26, 2024

Personal Inspection I recently completed an appraisal on a residential dwelling for Lender A that sells loans to Fannie Mae and Freddie Mac and the report was completed on a GSE form. Lender B indicated there wasno need for me to re-inspect the home, since my previous inspection date was only a few days earlier.

Contracts 88

Contracts Appraisal Mortgage Inspection 88

Houston Properties

JANUARY 13, 2021

In this analysis, we also show you current data along with key lessons from both the 2015 oil price crash and the 2008 great recession. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. Remember: real estate is hyper-local!

Housing Market 68

Housing Market Marketing Real Estate Realtors 68

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Mortgage lending is very, very cyclical.

Appraisal 52

Appraisal Architecture Business Contracts 52

Cleveland Appraisal Blog

MARCH 18, 2021

When I made my inspection, I measured the property. Therefore, my opinion of value was in the mid-sixties, which was far below the contract price. What if my appraisal report, mysteriously came in at the same price as the contract price? . The buyer would immediately be upside down on their mortgage.

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Appraisal Investors Buyers Market Value 195

Lamacchia Realty

JUNE 10, 2022

When COVID hit , policy makers flooded the market with all different kinds of stimulus and the Federal Reserve started buying a historic number of mortgage-backed securities to drive mortgage interest rates down. This is not 2021 or 2020, or even early 2020 , but it certainly isn’t 2008 either and there isn’t a crash on the horizon.

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Marketing Sellers Buyers Inventory 62

Appraisal Today

NOVEMBER 20, 2022

Failures to personally inspect and photograph comparables. NOTE: Please scroll down to read the other topics in this long blog post on State board complaints, non-lender appraisals, mortgage forecast, real estate market changes, unusual homes, mortgage origination stats, etc. ==. This is definitely not a repeat of 2008. ==.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Houston Properties

JANUARY 12, 2022

While no one ever thinks they’ll be forced to sell in a down market, very few people predicted 9/11 (2001), Great Recession (2008), the collapse of oil prices (2014), or Hurricane Harvey (2017). As home prices increase over time, it lowers the loan value of any mortgage debt. However, while this is technically true, it is not accurate.

Real Estate 36

Real Estate Marketing Real Estate Agent Realtors 36

Will Springer Realtor

MAY 13, 2024

were flipped last year, down 29% from 2022 and the largest annual drop since 2008. MAY HOUSING UPDATE Even after a few weeks of mortgage rate jumps, the Seattle/King County housing market is displaying surprising strength. About three-quarters of the 459 residences are under contract with a target opening late this year.

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HOA Transportation Construction Buyers 36

Will Springer Realtor

MAY 9, 2022

That’s where buyers are paying about 42% more in their monthly mortgage payments for the same house today than they did a year ago. home prices, up 14% year over year (YoY) by one measure, and escalating mortgage rates, which have risen about 2.1 The potent combo of rising U.S. home (about $400,000 vs. $880,000 in King County).

Architecture 36

Architecture Design Buyers Construction 36

Assurance Financial

NOVEMBER 9, 2021

This economic decline can cause homeowners to sell their houses if they can no longer afford to pay their mortgages, increasing housing inventory and shrinking the buyer pool. A prime example of one of these factors creating a buyer’s market was the financial crisis of 2007-2008. Tips for Selling in a Seller’s Market.

Marketing 36

Marketing Sellers Buyers Real Estate 36

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. They reused the same playbook that they used for several years after 2008.

Sellers 74

Sellers Inventory Buyers Realtors 74

Appraisal Today

JULY 15, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Cubicasa, Desktops, FHA, unusual homes, mortgage origination stats, etc. ==. Is A Cubicasa Scan an Inspection? Therefore, some may consider scanning a home to generate a floor plan and obtain measurements to be an inspection. Remember 2008?

Appraisal 59

Appraisal Inspection Contracts Business 59

Will Springer Realtor

JUNE 9, 2021

Memories of the Great Recession still linger for anyone linked to the real estate industry – including the estimated seven million households that lost their homes to foreclosures around 2008-2010. Adjustable-rate mortgages were cheap and easy to acquire, home prices were artificially inflated and supply plentiful.

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Housing Market Marketing Inventory New Listings 36