Appraisal Today

SEPTEMBER 30, 2022

Killed by Carbon Monoxide: Appraiser Blamed. Excerpts: For decades, appraisers have been gently reminded to pay careful attention to smoke alarms and carbon monoxide (CO) detectors—especially noting when they are absent altogether. Unfortunately for Doe, she labeled her photograph inaccurately in her own appraisal report to the lender.

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Appraisal Inspection Easement Contracts 52

Birmingham Appraisal

JANUARY 11, 2023

A Look At The Housing Market in 2022. From record-high sale prices to record-low inventory, the market has shown us that just when we think we know what will happen it will show us something different. In some areas of the country, sales prices have been even higher. Sales Volume.

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Housing Market Marketing Inventory Sellers 80

Appraisal Today

OCTOBER 13, 2023

How to Level Up as an Appraiser By Conrad Meertins Jr. For example, are you competent to prepare an entire appraisal from start to finish? But what if the appraisal form was completely blank with no boilerplate text? If you say the market is stable, perhaps you add a sentence or two to expound on that.

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Appraisal Law Contracts Business 79

Appraisal Today

SEPTEMBER 2, 2022

How to Handle Appraisal Pressure and Stay Ethical? Excerpts: There’s no simple and easy way to deal with appraisal pressure. A major source of frustration for appraisers is the realization that clients do not have to follow USPAP. The ethical and performance requirements of USPAP apply only to appraisers, not to clients.

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Appraisal Contracts Clients Real Estate 52

Appraisal Today

DECEMBER 23, 2022

By: McKissock December 16, 2022. Excerpts: The property to be appraised is atypical. Some of the key physical features that can make an appraisal assignment complex include: The form of ownership is atypical. In this case, circumstances involving ownership are uncommon or make the appraisal more complex. Very funny!!

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Appraisal Contracts Mortgage Modernization 52

Appraisal Today

JANUARY 26, 2024

New USPAP Q&As January 16, 2024, the Appraisal Standards Board released new Questions and Answers covering important topics in the profession today including: Demographics Does demographic information relating to race (such as Census data) constitute “information relating to” a protected characteristic? baths, 16,225 sq.ft.,

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Contracts Appraisal Mortgage Inspection 84

Appraisal Today

OCTOBER 14, 2022

Appraisal Risk, Reviews, and Revisions. Excerpts: This is part three of a three part series on appraisal review – Read parts one and two. I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” Appraisers and AMCs spend less time and have fewer hassles. By Ken Dicks.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

OCTOBER 6, 2023

2024 USPAP Source: Appraisal Foundation The 2024 Uniform Standards of Professional Appraisal Practice is now available for purchase in physical and digital formats. When USPAP started, it was very exciting as appraisers had to decide what needed to be changed or added. I taught USPAP before the ASB told you what to teach.

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Appraisal Contracts Real Estate Mortgage 77

Appraisal Today

MAY 12, 2023

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years.

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Appraisal Architecture Business Contracts 52

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? He knows what you want. Stick to the facts.

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Appraisal Contracts Design Mortgage 62

Appraisal Today

FEBRUARY 9, 2024

How do appraisers consider appliances? also clarifies when appliances are required to be operational by stating, “Appliances that are to remain and that contribute to the market value opinion must be operational,” and, “The Appraiser must note all appliances that remain and contribute to the Market Value.” FHA Handbook 4000.1

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Appraisal Contracts Insurance Construction 79

Will Springer Realtor

OCTOBER 11, 2022

At what point will mortgage interest rates peak? The inter-bank rate stands at about 3.1%, coincidentally the exact figure that Freddie Mac reported at the start of 2022 as the average mortgage rate in the U.S. What is certain is that the Fed continues to have its foot firmly pressed on the pedal. home prices will decline 5.5%

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Housing Market Marketing Buyers Real Estate 36

Appraisal Today

SEPTEMBER 9, 2022

Appraisers are still required to comply with USPAP when responding to an ROV request, including the confidential nature of assignment results. My comments : ROVs are a PITA for many appraisers. Greg Stephens is a very experienced appraiser and reviewer. Reconsideration of Appraised Value. Appraisal Business Tips .

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Reconsideration of Value Appraisal Clients Contracts 52

The Robert Weiler Company

NOVEMBER 16, 2022

But Intel selecting Ohio – specifically Greater Columbus – says something significant about this special place we call home. Diverse economy, home to 150 Fortune 500 companies. It’s likely that President Joe Biden didn’t know these tidbits either when he visited for the recent groundbreaking event in September 2022.

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Business Logistics Supply Chain Technology 147

Housing Wire

FEBRUARY 7, 2022

In recent months, HUD investigators have made redlining cases a departmental priority, according to interviews with attorneys who have reviewed the complaints, and lenders who declined to comment on the practices for fear of being associated with redlining. In addition to upfront fees, FHA charges fees for the life of the loan.

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Insurance Modernization Lending Mortgage 356