Remove articles opinion-why-its-time-to-cut-mortgage-fees
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. Within this framework, the lender must include steps for the borrower to appeal an appraisal when they believe the value opinion: is unsupported; is deficient due to unacceptable appraisal practices; or reflects discriminatory practices.

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Non-Arms Length Sales for Appraisers

Appraisal Today

By knowing the type of sale, you are better able to reconcile a current opinion of market value that falls above or below a current or recent transaction for the subject property. This post’s information can be very helpful in explaining why. It’s a good discussion of this topic.

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OK to average adjusted comps on appraisals?

Appraisal Today

In other words, Fannie Mae does not want you averaging the indicated values from the Sales Comparison Approach, Cost Approach, and Income Approach in order to arrive at an opinion of value. It’s under the radar to the public, but [still] over the top. It took almost a decade to bring the 4,802-square-foot home to fruition.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

“The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. To read more about the May 2022 proposal to eliminate the fee panel , click here .

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Appraiser Countersues Alleged Discrimination

Appraisal Today

is one highly publicized lawsuit covered at length by mainstream media–CBS News, The New York Times, NBC, CNN, ABC News, and more. To read more, click here My comments: Long article and worth reading. My opinion is that everyone is biased against something. I never heard it mentioned by anyone. Connolly & Mott v.

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Appraisals – Check the Water Source!

Appraisal Today

It was later discovered that the well was not located on the property which was appraised. Unfortunately, the well was actually located on an adjacent lot that, at one time, was part of the subject lot prior to the lots being subdivided. It did not even though many lots nearby were developed. It was shared by four nearby homes.

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Subject Property Location in Appraisals

Appraisal Today

Excerpts: Appraisers, this article was prompted by my ‘coming in contact with several appraisal reports where different regional appraisers report the physical location of the subject property “in” a particular City associated with the postal ZIP Code for that City. It was in the County. Why Appraisers Don’t Depreciate Land.