Appraisal Buzz

AUGUST 1, 2022

When trying to understand the meaning of words in this manner, there is a legal premise that applies specific to understanding the language called the plain meaning rule. When reading contracts, words will always have their ordinary meaning unless defined otherwise. With that defined, let’s look at the definition of summary: Summary.

Valuation 360

Valuation Contracts Appraisal Legal 360

Housing Wire

SEPTEMBER 7, 2023

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said. Fannie Mae, Freddie Mac and the U.S.

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McKissock

JANUARY 6, 2023

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. They all handle land and building acquisitions and dispositions, as well as condemnation valuations.

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Appraisal Today

JUNE 23, 2023

By collaborating with appraisers, accountants can provide clients with comprehensive financial guidance, ensure compliance with legal and tax requirements, and strengthen their overall professional services. Fannie has been upfront about its interest in developing appraisal “alternatives.”

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Appraisal Real Estate Valuation Contracts 89

Empire Appraisal Group

JULY 1, 2021

Look up the legal description of the property and include a copy of the most recent tax bill, which can show whether the home is in a special tax district, said Maureen Sweeney, a residential real estate appraiser and member of the Illinois Real Estate Appraisal Administration and Disciplinary Board. Let them know how many offers came in.

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Agents Appraisal Real Estate Realtors 78

Birmingham Appraisal

SEPTEMBER 26, 2023

Outlier sales often lack suitable comparables, making it challenging to apply the traditional valuation approach accurately. Legal Implications If a buyer or seller relies on an inflated outlier-based list price to make a significant financial decision and later faces financial hardships as a result, they may pursue legal action.

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Real Estate Agent Real Estate Clients Agents 87

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). There is administrative time involved, as well as legal factors. Was it the borrower? The mortgage loan officer handling the loan? They start the row.

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Reconsideration of Value Appraisal Real Estate Insurance 76

The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Real Estate Appraisal Property Appraisal Valuation 60

The Robert Weiler Company

SEPTEMBER 19, 2022

A simple conservation easement definition is a legal contract to protect private land, permanently. While the conservation easement definition establishes the protection of land for future generations to enjoy, there may be specifications for: land subdivisions; property development; property conservation values; and.

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Easement Legal Government Contracts 148

Appraisal Today

AUGUST 26, 2022

Can I use the cost approach as the primary method of valuation?”. In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. To read lots of details, including the legal ruling, plus appraiser comments, click here. ==. Answer: No! percent from 5.45

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Appraisal Business Contracts Advertising 52

The Robert Weiler Company

OCTOBER 15, 2021

Another mistake – perhaps one of the more obvious (and, consequently, most detrimental) mistakes – is contracting the commercial property for sale in your personal name. As noted within the beginner tips above, the valuation of a property is a fundamental step in commercial real estate investment.

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Investing Real Estate Tenants Investors 138

Appraisal Today

JULY 8, 2022

So, when the time came, developers tore down the surrounding (and connected) properties, which meant they literally sliced and diced, disconnecting the 54 ½ property from the rest, giving it a look like one whole house had been cut in two. By Peter Christensen, Founder of Valuation Legal. Patrick—never did. Video – 30 minutes.

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Appraisal Property Taxes Contracts Mortgage 52

Miller Samuel

MARCH 19, 2019

The New York state political zeitgeist was recently and suddenly tilted against luxury development in New York City. If this latest turn of events plays out as written, we'll be able to look back at this era as a milestone where the supertanker began to turn in the wrong direction for the new development multi-family industry.

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Real Estate Law Development Investors 370

Simonson Real Estate

JULY 10, 2020

Appraisers assemble a series of facts, statistics, and other information regarding specific properties, analyze this data and develop opinions of value. Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Key Appraisal Items to Communicate.

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Appraisal Process Appraisal Market Value Tenants 148

Simonson Real Estate

DECEMBER 6, 2022

Helpful information includes tax parcel numbers, legal descriptions, number of buildings, building size, etc. Leased Fee Interest – Defined as the ownership interest held by the landlord, which includes the right to receive the contract rent specified in the lease plus the reversionary right when the lease expires.

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Appraisal Process Real Estate Appraisal Renovations 78

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

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Valuation Technology Lending Real Estate 69

Realvals

JULY 29, 2022

Page one contains the subject, contract, neighborhood, site, and improvement sections. Page three contains additional comments, additional approaches to value, and a section for planned unit development properties. The legal description, parcel number, tax year, and annual taxes are next. Page One – Contract.

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Appraisal HOA Contracts Clients 78

Appraisal Today

DECEMBER 16, 2022

Bill Rayburn gave a rousing and lively explanation of exactly what quality means in valuation at a recent meeting. Excerpt: One exception to the use of words and phrases that are otherwise considered subjective is when the word is part of a property noun, such as the name of a place, street name, city, or a legal description of the property.

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Modernization Appraisal Contracts Real Estate 52

Appraisal Today

AUGUST 12, 2022

The data illustrating the turn are based on fresh methodology developed by the American Enterprise Institute’s Housing Center. This is a new development, as federal investigations had so far exclusively been by HUD. Peter wrote the article for Valuation Magazine, but their online version is difficult to read. percent from 5.43

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Appraisal Contracts Mortgage Business 52

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. According to Freddie Mac’s equitable housing finance plan, it could be the expansion of automated valuation models.

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Appraisal Valuation Inspection Law 295

Housing Wire

MARCH 15, 2022

A recent judge’s ruling in pending litigation involving student-loan securitization trusts could have far-reaching legal and financial implications for the private-label securities market. But if their case raises important and dispositive legal issues, they may seek permission to appeal early.

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Legal Law Investors Finance 367