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Non-Arms Length Sales for Appraisers

Appraisal Today

What should appraisers look for in a sales contract? While often overlooking the CBG adjustment, the underwriter conceded that it might occasionally offer useful insights, yet also acknowledged the problematic nature of such a methodology and anticipated possible legal repercussions for Fannie Mae. percent from 7.13 percent from 7.40

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USPAP Myths for Appraisers

Appraisal Today

You’ll learn key ways to work on eliminating bias and reduce your legal risk. You’ll also learn why “cultural competency” knowledge and skills are truly important for appraisers – you’ll see how a lack of cultural competency has led appraisers into legal quagmires. Legal topics are very popular with appraisers. percent from 6.71

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Appraisers Riding the Waves of Up and Down Mortgage Rates 

Appraisal Today

Obviously, you need legal counsel, but you may also need USPAP counsel as well. So, your first step is to get proper counsel, who can then give you proper advice… A state’s appraisal board carries the sword and shield of legal counsel. The main house is just the end modules of shipping containers, and the rest is steel construction.”

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Practical Tips for Working With AMCs

Appraisal Today

They really appreciate it, and it ensures you can complete assignments on time as you had planned (no one likes waiting for a legal description only to have it show up on your day of 4 inspections!). It ruled that the lender did not owe the borrower a legal duty to assure that the independent appraiser’s valuation was correct.

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OK to average adjusted comps on appraisals?

Appraisal Today

The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… Constructed from adobe and stucco in 1981, this luxe earthship is known as the Desert Flower.

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Cost Approach – When to Use in Appraisals

Appraisal Today

But, I always use the Cost Approach for new construction to determine the financial feasibility of custom homes. To read lots of details, including the legal ruling, plus appraiser comments, click here. ==. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.43 percent from 5.45

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VA Appraisals and Fee Appraisers

Appraisal Today

Excerpts: Built sometime in the late 19th century, a Victorian-era row house was constructed on St. By Peter Christensen, Founder of Valuation Legal. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) decreased to 5.74 Half House in Toronto. Video – 30 minutes.