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DataDigest: Office debt is stressing banks. That matters for mortgages.

Housing Wire

The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. 1, the company had lost 45% of its market value. Regional banks are once again in the grip of a concentration problem.

Mortgage 363
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Helping Lenders Navigate the Commercial Real Estate Appraisal Process

Simonson Real Estate

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. Examples: A building owner has a single lease or multiple leases with tenants.

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Navigating the Appraisal Process – What You Need to Know

Simonson Real Estate

The understanding here is the tenants could vacate and a more reliable value is provided by the fee simple analysis based on market rents. Examples: A building owner has a single lease or multiple leases with tenants. The value may be the same as fee simple, but the interest is identified as a leased fee.

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Fee Simple Estate vs. Leased Fee Estate

Dart Appraisal

Dart Appraisal’s team of reviewers often encounters what appears to be a common misunderstanding about which portion of an estate should be valued when a client or intended user request an appraisal report: The Fee Simple Estate or the Leased Fee Estate. LEASED FEE ESTATE. The ownership interest in a leased property.

Tenants 67
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How should appraisers approach short-term rentals?

DataMaster

Or, a home may be purchased for its income potential, with the purpose of renting the property to a tenant. Qualifying for a conventional mortgage on one of these properties is a challenge and without a tenant in place or proof of income, most lenders won’t even consider financing the investment property. If only it was that simple.

Appraisal 148
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What’s that Smell Worth? Insights from a Seasoned Appraiser

McKissock

I phoned to notify my local lender client of the problem. The client said that it couldn’t be that bad, to which I said to come check it out yourself. My client never got past the foyer, cancelled the assignment, and denied the loan. A tenant came along with a large dog and was in the house for one year.

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Impact of COVID-19 On Appraisals

Simonson Real Estate

COVID-19 Market Analysis – Insights and Impact Analysis. COVID-19 Market Analysis – Insights and Impact Analysis. The client should be clear that the assessment is performed at a point in time and that the market value opinion is – as of a specific date – the effective date. Suburban Class A – 5.0%

Appraisal 143