Appraisal Buzz

SEPTEMBER 20, 2021

Members of Five Star Institute’s Legal League 100 gathered at the Five Star Conference where they discussed the regulatory landscape, court backlogs, staffing challenges, and more. The post Top Legal Experts Address Pressing Housing Issues appeared first on DSNews.

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Housing Wire

APRIL 24, 2023

The Mortgage Bankers Association (MBA) filed an amicus brief on Friday in response to the Consumer Financial Protection Bureau (CFPB) and the Department of Justice ‘s interest in determining a liability standard that would apply to lenders in cases of alleged bias by third-party appraisers. The home sold two months later for $465,000.

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Housing Wire

MARCH 1, 2023

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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Cleveland Appraisal Blog

APRIL 11, 2023

With the massive amount of technology available to anyone who can access the internet, you might wonder why bother getting a real property appraisal? With a few quick online searches, in most areas, you can find the parcel number, legal description, and even some potentially comparable sales. Isn’t that all that appraisers do?

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Appraisal Buzz

JULY 1, 2021

The post Mortgage Servicing, Legal Leaders to Discuss Reg X, COVID-19 appeared first on DSNews. The post Mortgage Servicing, Legal Leaders to Discuss Reg X, COVID-19 appeared first on Appraisal Buzz.

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Appraiserblogs

JANUARY 16, 2024

Appraisal reviews for $3 each and 1-2 hour turn times. It’s hard to imagine any appraiser accepting these terms, and it’s hard to imagine any lending institution accepting these as valid reviews. At Reckon, we specialize in Appraisal Report Reviews, Quality Checks, Order Management and vendor Management.

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Cleveland Appraisal Blog

NOVEMBER 3, 2022

Most appraisers are experiencing a significant slowdown in mortgage lending work due to rapidly increasing mortgage rates which are slowing down the housing market. Mortgage lending work is only one type of business where appraisals are needed. Mortgage lending work is only one type of business where appraisals are needed.

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Appraisal Buzz

APRIL 18, 2022

This article was first published in the Appraisal Buzz Magazine. We are asking for submissions about your wildest appraisal stories! All the way from haunted encounters to animals that have been (unexpectedly) stumbled upon – Share with us and you could be featured in our Fall 2022 Appraisal Buzz Magazine. That’s when.

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Chicagoland Appraisal Blog

AUGUST 1, 2023

Reading a home appraisal might feel overwhelming at first, but worry not! While each appraisal may have slight variations, the following structure offers a general roadmap to help you smoothly navigate through it. Before you know it you’ve carefully read and understood the appraisal.

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Housing Wire

JULY 12, 2022

Luke Tomaszewski, an appraiser doing home inspections in the aftermath of the housing bust, was traveling as much as an hour across Chicago just to snap exterior photos of bank-owned properties. At $50 to $100 per inspection, according to ProxyPics, it’s certainly less expensive than sending an appraiser. Made to order.

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Housing Wire

JANUARY 24, 2022

That was the startling and totally hypothetical analogy made, based on the current structure of the Appraisal Foundation , in a scathing report released this week. Until recently … the appraisal industry seems to have escaped the type of regulation and scrutiny faced by other participants in the mortgage market,” the authors wrote.

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Cleveland Appraisal Blog

MAY 26, 2023

Most weeks I perform appraisals for divorce or a marriage dissolution. In recent years, on several occasions, I have been hired to appraise a property after a valuation service was provided for my client by another real estate professional. But then they had to hire me to perform an appraisal. That’s right!

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Padove Appraisal Service

FEBRUARY 24, 2023

There are several reasons why someone may want to get a real estate appraisal: Buying or selling a property: If you are buying or selling a property, an appraisal can help determine its fair market value, which can be useful in negotiations and setting a listing price.

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Appraisal Buzz

SEPTEMBER 21, 2021

In our litigious society, real estate appraisers are increasingly vulnerable to many kinds of liability. Luckily, there are steps you can take to limit your legal liability and keep yourself and your business protected. The post 5 Resources to Protect Your Appraisal Practice appeared first on Appraisal Buzz.

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Valuation Review

MAY 1, 2023

Attorney shares legal views on appraisal bias. bias #appraiserguidance #avoidingallegations

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National Association of Realtors

MARCH 30, 2023

Allegations of appraisal bias have been widespread in the news in recent years, but few cases have resulted in legal clarity.

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Appraisal Buzz

APRIL 15, 2024

By now, most appraisers are aware that Fannie Mae and Freddie Mac (GSEs) have embarked on a complete overhaul of the Uniform Appraisal Dataset (UAD). These codes, or language, make sense to appraisers but confuse uninitiated readers of our reports. It all starts with the standard appraisal forms used in the mortgage process.

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Appraiserblogs

MARCH 13, 2023

As real estate appraisers, we understand the importance of accuracy and fairness in our work. We also know how important it is to uphold ethical standards in order to protect ourselves and our clients from potential legal action. Judge ruled Plaintiffs did not rely on Miller's appraisal.

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Housing Wire

JUNE 11, 2021

What’s the difference between a home inspection and an appraisal? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. An appraisal is a valuation of a property by a third party.

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Cleveland Appraisal Blog

JUNE 18, 2022

This week I have a bonus article for my appraisal colleagues who are interested in becoming expert appraisal witnesses in eminent domain cases. Appraising property in an eminent domain case requires unique expertise and skills. Appraising property in an eminent domain case requires unique expertise and skills.

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Boston Appraisal

SEPTEMBER 18, 2023

But often, the role of the real estate appraiser is overlooked. As industry leaders in both residential and commercial real estate valuations, Boston Appraisal Services deeply understands the critical contribution that precise appraisals make in the estate planning matrix.

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Riverfront Appraisals

MARCH 23, 2023

Legal Disclaimer stuff: I’m an appraiser. If you need legal advice, don’t come to me. I said […] The post FAQ #12: How Will the Appraisal Affect My Property Taxes? I said […] The post FAQ #12: How Will the Appraisal Affect My Property Taxes? appeared first on Riverfront Appraisals.

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Valuation Review

JUNE 14, 2021

The issue of racial bias and discrimination in the appraisal profession continues to strike a nerve amongst those in the business. Valuation Review, which has addressed this topic before, now gives a different viewpoint as seen through the eyes of an attorney.

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Padove Appraisal Service

FEBRUARY 27, 2023

Many people’s experiences with real estate appraisals are limited to mortgage applications. The appraiser is usually selected, and the report ordered through the lender. The task of selecting an appraiser for purposes such as estate planning and settlement, divorce, tax appeal, etc.,

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Empire Appraisal Group

OCTOBER 12, 2023

Top reasons to get your home appraised d uring a divorce. Getting your home appraised during a dissolution of marriage (divorce) is a prudent step that can help both parties involved in the divorce process. An appraisal provides an objective and fair market value of the home, helping to ensure that property division is equitable.

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Appraisal Hub

DECEMBER 20, 2023

This is where the expertise of a real estate appraiser becomes invaluable. As a subject expert in property valuation and appraisal services in Toronto, I want to guide you through the importance of professional real estate appraisal and how it can benefit you. Appraisers in Toronto, like those at Appraisal Hub Inc.,

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Appraisal Buzz

APRIL 15, 2024

Customers can search the geographically indexed Florida title plants using multiple property parameters, including legal descriptions, subdivision names and assessor parcel numbers, further streamlining and accelerating the title search and examination process.

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Appraisal Buzz

FEBRUARY 9, 2022

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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Appraisal Today

APRIL 26, 2024

However, there are six other types of real estate transactions that you need to know about so you can specify these sale types in your appraisal report as they can affect the market value of the property. For appraisals required to be Uniform Appraisal Dataset (UAD) compliant, you must indicate the type of sale for the transaction.

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Appraiserblogs

OCTOBER 26, 2022

Does a mortgage lender have liability to the borrower for a negligent appraisal? Leaving aside the appraiser’s potential liability, does a mortgage lender have liability to the borrower for a negligent appraisal? AMC Liability for Deficient Appraisals.may AMCs be liable for the deficient work of contractor appraisers?

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Cleveland Appraisal Blog

FEBRUARY 11, 2022

Just like going cheap when buying running shoes can be costly, the same is true when it comes to hiring an appraiser. If you’re in need of an appraisal, I highly recommend not going with the cheapest appraiser. At first glance, two appraisals may both look impressive to someone who doesn’t know anything about appraisals.

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AmeriMac

AUGUST 6, 2023

When it comes to maximizing your legal strategy, leveraging litigation support services can be a game-changer. In this blog, we will dive deep into the world of litigation support and explore its key aspects and impact on legal cases. Corporate services provide expert testimony and research, saving time and resources for legal teams.

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Empire Appraisal Group

OCTOBER 5, 2023

What is a Date of Death Appraisal? A date of death appraisal, also known as a “valuation as of the date of death” is a type of real estate or personal property appraisal that determines the fair market value of assets as of the date a person passed away. It is usually the date of the individual’s death.

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Appraiserblogs

AUGUST 9, 2022

The Consumer Financial Protection Bureau (CFPB) has started investigating alleged appraisal discrimination. For the last year, 40% of my legal work has been occupied by issues concerning alleged discrimination – balanced between representing parties in fair housing investigations and helping clients improve compliance and decrease risk.

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Boston Appraisal

OCTOBER 8, 2022

In recent years, it has become common for lenders to obtain hybrid appraisals. While appraisers provide an essential service through their reports, this work comes at high costs to the buyer or borrower. This cost can be measured in terms of dollars spent on an appraisal or the time required to produce a full appraisal report.

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Housing Wire

SEPTEMBER 25, 2023

The firm’s legal troubles began in late 2022 when it was sued by attorneys general in Florida , Massachusetts and Pennsylvania over its 40-year contracts. If the homeowner breaks the agreement or decides to terminate it early, they must pay the firm 6% of the appraised value of the home.

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Appraisal Today

JANUARY 5, 2024

Bradley, SRA, CDEI, McKissock Learning On May 5, 2023, the Appraisal Standards Board (ASB) voted to adopt changes to the Uniform Standards of Professional Appraisal Practice (USPAP), which will become effective January 1, 2024. I suppose it is because most appraisals are done (now) for residential lending purposes.

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