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A transparent foreclosure marketplace reveals hidden equity

Housing Wire

The share of Auction.com foreclosure sales with surplus funds has steadily risen in recent years, hitting a new record high of 46% in 2019 before slipping slightly to 44% in 2020 — still more than twice the share of foreclosure sales with surplus funds between 2012 and 2015.

Retail 426
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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. Clarify What Value or Values are Needed. Prospective Values.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

Value Scenarios. What is Market Value As Is and When is it Used? The estimate of the market value of real property in its current physical condition, use, and zoning as of the appraisal date. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015).

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Fee Simple Estate vs. Leased Fee Estate

Dart Appraisal

Dart Appraisal’s team of reviewers often encounters what appears to be a common misunderstanding about which portion of an estate should be valued when a client or intended user request an appraisal report: The Fee Simple Estate or the Leased Fee Estate. Chicago: Appraisal Institute, 2015). LEASED FEE ESTATE.

Tenants 67
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How should appraisers approach short-term rentals?

DataMaster

Lenders and clients will be looking for an appraisal to secure a loan on the STR. The request will include the 1007 Rent Comparable Schedule and the request from the broker, agent, borrower, and even directly from the Lender/Client will be to utilize short-term rentals as comparables to develop an opinion of “Market Rent.”

Appraisal 148
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How should appraisers approach short-term rentals?

DataMaster

Lenders and clients will be looking for an appraisal to secure a loan on the STR. The request will include the 1007 Rent Comparable Schedule and the request from the broker, agent, borrower, and even directly from the Lender/Client will be to utilize short-term rentals as comparables to develop an opinion of “Market Rent.”

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Opendoor Reviews: What you Need to Know in 2021

Listing Spark

Originating in 2015, Opendoor promised to simplify the home selling process by giving sellers an all-cash offer for their home within 24 hours. However, this convenience comes at a cost with Opendoor’s take-it-or-leave-it offers often being close to, but ultimately below fair market value. How Does OpenDoor Work?

Sellers 36