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6 Things That Terrify Appraisers

JMV Lending

a round house), multiple dwellings on one lot, adverse influences such as a nearby freeway, easements that clearly affect value, income properties (two to four units), over-improvements, unfinished structures, significant deferred maintenance, and unclear […]. Unusual Properties.

Easement 147
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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction.

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Appraisers: How and Why To Check Carbon Monoxide Detectors

Appraisal Today

in 2007-2008, few appraisers used them. There may be unrecorded easements or other issues that the appraiser would not and could not discover during the course of the inspection. percent, its highest level since mid-2008. I put a statement in large capital bold letters in several prominent places in the appraisal.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Instead, they can have rights to it via an easement agreement until 2153—an arrangement that protects the house from developers. Excerpts: if you can stay positive you will survive the current downturn.

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Appraisals and Water Frontage

Appraisal Today

The canal was owned by the state with an unclear easement for building beyond the rear lot line. percent – the highest since November 2008 and the largest single-week increase since 2009. One was on a tidal canal and built around 1943. It was so complicated the state and the city gave up trying to straighten it out.