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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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How to take advantage of Freddie Mac’s ACE+ PDR

Clear Capital

This inspection-based appraisal waiver program allows lenders to originate certain Freddie Mac-eligible cash-out and rate and term refinance mortgage loans without an appraisal. This solution increases underwriting efficiency and reduces the time to closing with shorter valuation times. How does ACE+ PDR work?

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Do I really need an appraisal?

Padove Appraisal Service

Most attempts to remove the appraisal requirement have included use of an automated valuation model (AVM). In short, any reliable valuation of a home requires the expertise of a local appraiser. In 2017, this program was extended to include some purchase transactions. Lenders have introduced programs with little success.

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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. For example, Class Valuation , one of the nation’s largest AMCs, provides its data collectors with imagery technology that creates a digital twin of the property. What is property data collection? But you already know this.

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Article: Prompt Action Safeguards Loan Closings

Dart Appraisal

With the ebb and flow of the virus apparently set to last for some time, it’s impossible to predict the long-term implications on home valuations or overall mortgage lending volumes, with respect to both new- and existing-home sales as well as refinancing. Dart Board Newsletter – May 2017. economy and society.

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In-Person Home Appraisals Won’t Be Required for Some Loans: Should You Get One Anyway?

Realtor

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.

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In-Person Home Appraisals Won’t Be Required for Some Loans: Should You Get One Anyway?

Realtor

That’s instead of having professional appraisers come out to physically inspect the homes, look at recent sales data in the area, and perform their own analyses to come up with the valuation. But “the longer it hasn’t been appraised, the more apt you are not going to get a property inspection waiver.”.