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Protecting Yourself from Liability

Appraisal Buzz

We sat down with Craig and Joan Trice, Founder of Allterra Group, LLC to discuss appraisers and how they can protect themselves from liability within the appraisal process. What happens when an appraiser get a complaint from their State Board? How are the recent claims about racial bias impacting this on a legal level?

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Opteon expands its direct-to-consumer appraisal offerings

Housing Wire

Opteon , a Scottsdale-based appraisal, valuation, advisory, and property services provider, has expanded its direct-to-consumer business model nationwide, the company announced on Wednesday. “Our impending technology rollout will enable appraisers to deliver reports straight from the field,” Trice said. .

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How to Read a Home Appraisal

Chicagoland Appraisal Blog

It provides an overview of the appraisal’s purpose, important findings and the opinion of value. The letter may also specify any limitations or assumptions made during the appraisal process. Subject Section This section identifies the physical address of the property being appraised.

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Critical defects increase as refi market fades

Housing Wire

of the total), followed by borrower and mortgage eligibility (10.4%) and legal/regulatory/compliance (10.4%). ACES said appraisal issues are well documented, with most of the concern centered around rising appraisal costs, long turnaround times, and a shortage of qualified appraisers. basis points from the prior quarter.

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Can You Talk to an Appraiser?

Empire Appraisal Group

More than a quarter of real estate professionals say they avoid having any interaction with an appraiser, falsely believing they legally can’t. Source: Can You Talk to an Appraiser? Twenty-one percent say they interact with appraisers only when there is an issue with the value; 19% say they don’t interact with appraisers at all.

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Unwrapping what to expect in your home inspection, appraisal and closing

Housing Wire

Due to today’s booming housing market, the appraisal process may take anywhere from days to weeks to complete. The process can take even longer if the buyer or seller requests a second appraisal. However, once the appraiser is at the home, it’s generally about five business days,” Masseria estimates.

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The Role of Appraisals in Property Disputes: A Comprehensive Guide for Lawyers

Boston Appraisal

Property disputes can come in many forms: from squabbles between neighbors about boundary lines to legal battles in a divorce proceeding over shared assets. In these situations, a property appraisal can be an indispensable tool in the lawyer’s arsenal.