Housing Wire
NOVEMBER 30, 2021
The movement to embrace appraisal modernization techniques also holds the promise of removing the potential for racial bias, better supporting efforts to remove valuation gaps that persist in minority neighborhoods. of the properties in Black neighborhoods receive appraisal values lower than the contract price versus 7.4%
Appraisal Today
SEPTEMBER 9, 2022
Excerpts: Suggested protocols for responding to Reconsideration of Value requests. Maintain USPAP compliance – Confirm the ROV request came from your client, either directly or through the client’s AMC, acting as an agent for the client, or other party designated as an agent by the client. To read more, click here.
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Housing Wire
JANUARY 3, 2023
When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect. A fundamental change.
Housing Wire
APRIL 6, 2021
It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. But making me be the only one responsible (the appraiser) for the value and the loan, makes the appraiser use more caution,” he said. “If
Appraisal Buzz
FEBRUARY 7, 2022
The following questions come to mind: Is there a place where a borrower or their agent can get a copy of a floor plan for the collateral they are purchasing and posting as collateral for a loan? It will give the reader of the report, and the person who will be providing the valuation, a visualization of what exists.
Appraisal Today
APRIL 5, 2024
Upon arrival, you’re greeted by a lavish motor court leading to timeless modern architecture. acre lot, Built in 1825 “It’s very unusual from the exterior with the detail, trim, and molding,” says listing agent Nathan McCabe, of Pack Maynard & Associates Real Estate. There is a monetary component – which is confidential.
Appraisal Today
FEBRUARY 23, 2024
“If you want to replicate this property today, you wouldn’t be able to,” Rossato (agent) says. “I Resembling a modern French Chteau, it features a freshwater lake, manicured gardens, and three levels of luxurious living spaces. Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent.
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