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Going to Extremes

Appraisal Buzz

Add to this rising replacement costs and legal fees, increased government regulation, inflation, and fraud, and companies are bleeding about a billion dollars every three weeks. You may be wondering how this all trickles down to the appraisal report. The post Going to Extremes appeared first on Appraisal Buzz.

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The opportunity cost of modern-day redlining

Housing Wire

Modern-day redlining persists, and it’s costing lenders millions in legal fees. Recently, the Department of Justice (DOJ) has taken a strong stance on redlining, taking direct legal action against bad actors and thrusting the topic into the national spotlight. The future of the mortgage industry is increasingly diverse.

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Low Appraisal Fees in 2024

Appraisal Today

CFPB Crackdown: Unfair Practices Hurting Consumers This includes Appraisal payments to appraisers by AMCs by Josh Tucker, June 5, 2024 Comments must be received on or before August 2, 2024 Excerpts: As we all know many AMCs are not paying Customary & Reasonable fee as required by TILA. YOUR VOICE MATTERS.

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Investment Property: How Much Can You Write Off on Your Taxes?

Zillow

You can only deduct mortgage interest and repairs you make that restore the property to its original minimally functional condition. Watch for opportunities to take deductions for these common real estate investment expenses: Mortgage interest. Legal fees related to your investment properties or business.

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First-Time Homebuyers Incentive Changes: What You Need to Know

D Fritz Appraisals

As of May 3rd, 2021, new updates to the Canada Mortgage and Housing Corporation (CMHC)’s First-Time Homebuyers Incentive have come into effect. Victoria is now one of the few cities that has been given enhanced eligibility criteria to help you qualify for a lower monthly mortgage payment. First-time homebuyers, we have great news!

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Selling Your Home Due to a Divorce

Eppraisal

Your real estate agent or an appraiser can help guide you on pricing the home. That person will also have to be approved for a mortgage based on his or her own income, credit and other financial considerations. The more you can keep your mind open and cooperate, the less money will be spent on legal fees.