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Your Ohio Commercial Property Reassessment Cheat Sheet [2023 Update]

The Robert Weiler Company

Thanks to the passage of a 2017 law, the State’s property reassessments are based on drone footage, taken from about 400 feet in the air. While this helps expedite the process, the lack of on-the-ground property inspection leaves some Ohio residents nervous.

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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

Property data collection consists of a complete interior and exterior inspection of the subject property. The original appraisal waiver solutions were launched in August 2017. Fannie Mae’s Value Acceptance + Property Data program and Freddie Mac’s ACE+ PDR waive the traditional appraisal requirements for qualifying loans.

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FHFA’s RFI on appraisals is a critical inflection point

Housing Wire

One significant factor behind the lack of evolution in the appraisal industry is that the American housing market has grown at a much higher rate than the pool of licensed professionals that are legally certified to appraise residential real estate. In these scenarios, no inspection or appraisal of any kind is performed on the property.

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ClearCast Podcast E19 — Ribbon Co-Founder & CEO Shaival Shah

Clear Capital

The home inspection took longer. And we may say the home is worth — we believe that the market value of the house is worth — $350,000. And then in 2017, the thing that just kind of kept p **g me off was that homeownership rates just kept dropping. Something always goes wrong. It’s real estate.

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