AmeriMac

MARCH 29, 2024

Reverse mortgages are becoming an increasingly popular financial tool for homeowners over the age of 62 who want to access equity in their homes. One important aspect of the reverse mortgage process is the appraisal, which determines the value of the property and plays a crucial role in determining the size of the loan.

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Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Quicken Loans

APRIL 14, 2021

When you’re applying for a mortgage, providing adequate documentation can feel like an intimidating process. Depending on the situation, it could take you weeks to track down all the necessary paperwork and get it to your lender, only to be asked for more. It’s a process that protects you, the lender and the economy as a whole.

Mortgage 61

Mortgage Landlords Investing Legal 61

Lamacchia Realty

DECEMBER 10, 2021

You’ve been on the home search for a while, and you’ve officially gotten the news that your offer has been accepted – congratulations! There are a few things to keep in mind as you get closer to the closing table to ensure that things stay on track so you can officially sign on the dotted line. Get Prepared.

Buyers 66

Buyers Insurance Realtors Loan Officers 66

Appraisal Today

JUNE 16, 2023

Freddie Mac Announcement: “Loan Collateral Advisor: Starting June 29 New Messages Alert Users to Certain Unacceptable Appraisal Practices,” April 28, 2023) To read, click here So, if we have the technology and tools to present our conclusions in clearer, fact-based ways, let’s get ahead of the program and make the changes proactively.

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Appraisal Contracts Design Mortgage 74

Will Springer Realtor

AUGUST 22, 2023

You’re thinking about buying a home – probably this is the first, right? – and you don’t know where to begin. I wrote that same message in one of my first blog posts in 2018. Before searching online for homes or contacting friends or associates for a few names of lenders, start with your finances. And it’s true.

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Mortgage Government Buyers Finance 36

Quicken Loans

JUNE 16, 2021

If you’re a disabled veteran, you may be aware of the many benefits that you qualify for through the Department of Veterans Affairs. However, many veterans are unaware of the fact that they may qualify for reduced , VA-backed loans and property taxes as a result of their disability. How To Get A Copy Of Your VA Award Letter.

Property Taxes 58

Property Taxes Mortgage 58

Appraisal Today

AUGUST 18, 2023

Dragon Anywhere Dragon Anywhere is a dictation and speech-to-text app that allows you to create, edit, and share documents from your mobile device. This professional-grade dictation service could save you tons of time on typing reports and taking notes in the field. 7 Must-Have Apps for Appraisers By: McKissock Excerpts: 1.

Appraisal 74

Appraisal Contracts Inspection Real Estate 74

Quicken Loans

JUNE 10, 2021

So, you’ve decided you’d like to buy a home. Maybe you’ve tried contacting a real estate agent, who probably told you to call back after you’ve been “preapproved.” Immediately, the question arises: How do you start the process of getting a mortgage loan? When you get preapproved, your credit is pulled.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

Eppraisal

JUNE 23, 2023

In our previous blogs, we covered the initial steps of preparing yourself for buying a home and researching and finding your dream property. fixed-rate, adjustable-rate) Evaluate interest rates, terms, and repayment options Consult with your mortgage lender to find the best fit for your needs B. Congratulations!

Finance 36

Finance Inspection Insurance Real Estate Agent 36

Appraisal Today

OCTOBER 20, 2023

I was given a lockbox combination and inspected the vacant home. A basic Q4, C3 home. As anyone who has been an appraiser for more than five seconds can attest, you use the best comps available. The appraisal was ordered by an AMC on behalf of a lender. This approximately 900sf, 1.5 acres of wooded land. It was unremarkable.

Appraisal 71

Appraisal Design Contracts Inspection 71

Appraisal Today

JULY 28, 2023

by Dave Towne Excerpts: Appraisers, on July 17, 2023, a document from Freddie Mac was circulated to numerous appraisers around the US which identified certain words and other info that can be considered to be ‘BIASED’ in appraisal reports. Here is the Link to the Bulletin. Thanks to Dave Towne! I have subscribed to his emails for a long time.

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Appraisal Contracts Mortgage Clients 79

Appraisal Today

NOVEMBER 4, 2022

Excerpts: In a nutshell, our survey respondents recommended that you should: 1) do your research and get to know the AMCs, 2) build a relationship with them, 3) treat the relationship as a partnership, and. Be personable so they remember you.”. I promise you that this will make you known in your area.”. By McKissock.

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Reconsideration of Value Appraisal Inspection Advertising 52

Movoto

APRIL 8, 2024

After submitting an offer on a home you plan to purchase, a few things might happen – once an offer is accepted (typically, after negotiations but not always), real estate sales agreements come into effect between buyers and sellers. Some of these procedures can be required depending on the type of home loan.

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Contracts Real Estate Property Taxes Legal 36

Genworth MI Blog

JANUARY 24, 2019

What You Need to Know About Mortgage Fraud. With an increase in fraud risk, there’s a growing need for increased understanding of fraud among those on the front lines of detecting it. With an increase in fraud risk, there’s a growing need for increased understanding of fraud among those on the front lines of detecting it.

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Loan Officers Mortgage Buyers Real Estate Agent 78

Quicken Loans

JUNE 17, 2021

Did you know that paying cash rather than getting a mortgage could help you win a bidding war when buying a new home? You may even be able to negotiate a lower price on the home if you’re paying cash. By contrast, 20 years ago , the best rate you could have gotten would have been just below 7%. Build Credit.

Finance 68

Finance Buyers Real Estate Investing 68

Appraisal Today

AUGUST 19, 2022

You can’t avoid the report being reviewed, but you can avoid revision requests,” he says. Review the specific lender requirements and make sure you covered all the bases. When you can’t meet a requirement, include a comment that explains why not.”. My comments : Worth reading if you do lender appraisals.

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Appraisal Contracts Business Mortgage 52

Quicken Loans

NOVEMBER 18, 2021

If you don’t have a large down payment, attractive loan options include 3% down conventional loans. These loans are for most borrowers – you don’t have to be in a specific income category or region. Here’s everything you must know about these low down payment loans. Average Credit Score And Report.

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Insurance Buyers HOA Mortgage 64

Appraisal Today

FEBRUARY 10, 2023

Fastapp AMC Alleged Violations of AIR (Appraiser Independence Requirements) Excerpts: The following court documents in the case Naftali Horowitz v. To read more of this long blog post with many topics, click Read More Below!! Is this a diversification option for you? Nicole Andrews, Fastapp AMC founder v.

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Appraisal Contracts Architecture Mortgage 52

Appraisal Today

JUNE 17, 2022

It was shared by four nearby homes. To read more of this long blog post with many topics, click Read More Below!! NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. New homes – what is happening?

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Appraisal Contracts Real Estate Mortgage 52

Movoto

JANUARY 31, 2022

It’s time to close on your home. Here’s a complete guide to what to expect at your home closing. You’ve worked with a real estate agent , toured an endless number of properties, got an offer accepted , navigated the mortgage process , and now you’re in the final stretch. Understanding the basics of home closing.

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Real Estate Agent Sellers Insurance Buyers 36

AmeriMac

JANUARY 30, 2024

The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan. The significance of Reverse Mortgage Appraisal In the context of reverse mortgages, a crucial aspect is ensuring that the property’s value aligns with the loan terms, making the reverse mortgage appraisal process significant.

Appraisal Process 36

Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = I am a real estate appraiser completing an appraisal.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

APRIL 7, 2023

Most recently, I had a detached condo that was ordered on a 1004 which needed to be switched to a 1073. To read more of this long blog post with many topics, click Read More Below!! To read more of this long blog post with many topics, click Read More Below!! Needs lots of work 4 bed 3 bath 2,818 square feet, 2 acre lot.

Appraisal 52

Appraisal Property Taxes Reconsideration of Value Contracts 52

Genworth MI Blog

JANUARY 24, 2019

What You Need to Know About Mortgage Fraud. With an increase in fraud risk, there’s a growing need for increased understanding of fraud among those on the front lines of detecting it. With an increase in fraud risk, there’s a growing need for increased understanding of fraud among those on the front lines of detecting it.

Loan Officers 60

Loan Officers Mortgage Buyers Real Estate Agent 60

Quicken Loans

JUNE 22, 2021

In order to get preapproved for a mortgage , your mortgage lender will need to verify your income and asset information to determine how much home you can afford and the interest rate you’ll pay on the loan. Asset statements are documentation of your net worth and assets. What Is An Asset Statement? Liquid Assets.

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Mortgage Finance Brokerage Insurance 38

Quicken Loans

NOVEMBER 18, 2021

A VA loan is a loan available to veterans and active-duty service members that’s offered through the U.S. It allows past or current service members and their surviving spouses to purchase a home with a low interest rate and a small or nonexistent down payment requirement. Did you know that members of the U.S.

Insurance 54

Insurance Mortgage Buyers Inspection 54

Appraisal Today

JULY 8, 2022

Home Loan Act of 2022… It would require the V.A. You are working for the veteran to be sure they do not overpay, find out about problems, etc. You are not working for a lender who just wants to make the loan. Where VA loans are soaring. Are you doing VA appraisals? as a Model for Appraisals.

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Appraisal Property Taxes Contracts Mortgage 52

Appraisal Today

JANUARY 20, 2023

Be a part of the profession blamed for the collapse of the savings and loan industry. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. To read more of this long blog post with many topics, click Read More Below!!

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Appraisal Contracts Sellers Business 52

The Robert Weiler Company

OCTOBER 15, 2021

Are you a newcomer to buying commercial property for sale in Columbus, Ohio? Not only is our neighborhood home to some of the largest U.S. How the 2017 Tax Cuts and Jobs Act Affects You and Your Commercial Real Estate. As with homes and vehicles, there are pros and cons to buying commercial real estate.

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Investing Real Estate Tenants Investors 138

Quicken Loans

JANUARY 11, 2022

What is a VA loan, how does it work, and are you eligible to obtain one? That’s because a VA loan is a type of home mortgage loan that offers preferred terms to borrowers who have served and currently serve our nation. A VA loan is available to veterans and active duty service members, and offered through the U.S.

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Insurance Finance Design Mortgage 44

Quicken Loans

NOVEMBER 22, 2021

based on factors like your down payment or equity amount, your service status and whether this is a first or subsequent use of a VA loan. The VA loan is a great option for any eligible veteran, active-duty service member or surviving spouse. What Are The Benefits Of VA Loans For Disabled Veterans?

Property Taxes 60

Property Taxes Sellers Finance Insurance 60

Appraisal Today

APRIL 1, 2023

Appraiser Gets Subpoena – What to Do Excerpts: As an appraiser, you don’t have to be sued or be facing a lawsuit to find yourself on the receiving end of a subpoena—staring down a lawyer who is peppering you with questions. If you lost this link later, when you need help, Google “Dealing with a Subpoena Workingre”.

Appraisal 52

Appraisal Business Marketing Agents 52

Will Springer Realtor

APRIL 6, 2021

Mortgage options vary just like the number of home types available for purchase. In Seattle, getting a mortgage on a home at Madison Tower is different than, say, Insignia Towers, and just as it’s different when buying new construction at KODA (opening soon) versus Nexus (open for more than a year now).

HOA 36

HOA Mortgage Buyers Insurance 36

Will Springer Realtor

NOVEMBER 22, 2022

And if you’re thinking of buying a home, a special gift in the form of cash from a relative to help with the purchase may be the ultimate holiday offering. It’s perfectly legal, as long as buyers properly document the transfer of funds from the relative(s) and follow guidelines from their lender. Department of Agriculture loans.

Buyers 36

Buyers Legal Real Estate Agent Sellers 36

Quicken Loans

JULY 6, 2021

Have you always wanted to say, “I’ll have my person call your person?” Hiring a real estate agent assistant might make you feel like a big shot – finally, someone to offload the detail work to! That’s because a real estate assistant can free you up to focus on sales and other high-value tasks.

Real Estate 60

Real Estate Real Estate Agent Clients Agents 60

The Robert Weiler Company

APRIL 20, 2021

Have you watched shows such as Shark Tank or The Profit and wondered how Kevin O’Leary or Marcus Lemonis calculate business valuation? That’s why we surveyed our business valuation experts, captured the 12 most frequently asked questions, and provided answers that can offer the guidance you need. The asset-based approach.

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Valuation Business Buyers Market Value 147

Listing Spark

JULY 5, 2023

They may also think about the cost of the property itself—which isn’t insignificant, as the annual home appreciation rate in Texas is 8.48%. Buy-and-Hold Strategies If you’re a buy-and-hold investor, you plan on holding onto the property for a significant amount of time.

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Investing Real Estate HOA Sellers 36