Remove tag cash-out
article thumbnail

Appraiser Has Very Big Problems With Borrower

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, and types of bias, Scams on black homes, unusual homes, mortgage origination stats, etc. Sliding-glass doors lead out to the yard. Nevertheless, it is not the only source for data out there. Excerpts: five bedrooms, 4.5

article thumbnail

Fannie: Words and Phrases in Appraisals

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post Non-lender appraisals, ROVs, appraisal business, unusual homes, mortgage origination stats, etc. Then I saw the McKissock blog post! We brainstormed for a while, such as an oral report. Forms are available in most forms software. Only USPAP conformity is required.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Buying A Foreclosed Home In 6 Steps

Quicken Loans

And that’s the main benefit of buying a foreclosed home: You might nab a residence that would’ve otherwise been out of your price range. One example is that an auction typically requires buyers to have cash on hand. Yes, you might be able to nab your new home at a lower price tag. Try out our Home Affordability Calculator.

article thumbnail

MLS Access for Investors: What You Need to Know

Listing Spark

This hefty price tag is because agents provide a lot of services: marketing, pricing strategies, negotiations, and posting your property listing on the MLS. This protects your cash flow, allows you to forecast operations across a quarter or annual period, and helps you build repeatable processes to fuel business expansion.

article thumbnail

What Is a Foreclosure and How Does it Work?

Quicken Loans

That’s why many home buyers turn to foreclosed homes in hopes of getting more space in a better area and with a much lower price tag. That person must pay cash for the full amount or a significant deposit immediately. Some people move into the home as their permanent residence while others rent out or sell the home and make a profit.

article thumbnail

Desktop Appraisals: Who, When, and Why

Appraisal Today

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, using new construction comps for existing homes, master planned communities, unusual homes, mortgage origination stats, etc. Thanks to Tom for writing this blog post. Read on blog www.appraisaltoday.com/blog Posted by noon Friday.

article thumbnail

Superadequacy Adjustments for Appraisals

Appraisal Today

Example #1: Superadequate custom fireplace Example #2: Superadequate 12-car garage To read more, Click Here My comments: Although the blog post references luxury homes, this can occur anywhere. Maybe you were busy and forgot to check it out in public records, MLS or speaking with the owner or agent (if a sale) when scheduling the appointment.