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Non-Conforming Loan: What It Is And How It Differs From A Conforming Mortgage

Quicken Loans

For example, construction of the Batcave was probably too expensive for Bruce Wayne to get a conforming loan – not that the multi-billionaire founder of Wayne Enterprises needs one, but we digress. What is a non-conforming loan, and how does it differ from a conforming mortgage? 2021 Loan Limits.

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Non-Arms Length Sales for Appraisers

Appraisal Today

A non-arm’s length sale in real estate is a transaction between a seller and buyer who have a connection by marriage, family, work, etc. Non-arms length sales include: REO, Foreclosure, short sale, court ordered sale, estate sale and relocation sale. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

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VA Approves Desktops and Exterior-Only Appraisals

Appraisal Today

To read the full blog post, click here. The summary and Circular are in the blog post. ————————————————————————————— Where VA loans are soaring.

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Appraisals: Using Comps Across a Freeway?

Appraisal Today

I will say the north side tends to have a slightly larger square footage than the south side (same with west vs east), which is something to consider when we compare stats. Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page. Acre lot.

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NAR Appraisal Survey 2022

Appraisal Today

Excerpts from NAR Report (link below): In May 2022, NAR Research conducted a survey of all 9,700 appraiser members and 50,000 randomly-selected non-appraiser members. Eleven percent cite evaluations (non-appraisal opinions of value). It has both appraiser and non-appraiser survey questions, which is a bit tricky to read.

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OK to average adjusted comps on appraisals?

Appraisal Today

Read on blog www.appraisaltoday.com/blog Posted by noon Friday. You can subscribe to the blog in the upper right of each blog page. Click here = Appraisers vs. Lenders. Or possibly there is a loan on the property, or a reverse mortgage and the family needs to know how much equity is in the property.

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Too many appraisers?

Appraisal Today

In past issues of the Analogue Blog, we have considered the “five forces of friction” on the advancement of appraisal. This blog considers how each friction will respond to this “excess” of appraisers. Loan applications are way down, the lowest in 22 years. Non-lender Appraisals Good fees and few hassles.