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Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

I recently gave a presentation and was asked if appraisal gap clauses impact the way appraisers are developing their opinion of value? An appraisal gap clause can be written into a contract. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always.

Appraisal 397
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How to become a luxury real estate agent

Housing Wire

Develop in-depth knowledge, showcase your expertise, and position yourself as the go-to authority in that property or market niche. Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform.

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Former HUD official convicted of falsifying records

Housing Wire

A former assistant inspector general for the Department of Housing and Urban Development (HUD) has been convicted by a federal jury of concealing efforts to direct tens of millions of dollars in government business to a friend and government contractor to whom he owed money.

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The CFPB puts mortgage comparison sites on notice

Housing Wire

When the “non-neutral use or presentation of information has the effect of steering the consumer to use,” thus constituting referral activity, and when the operator receives a “payment or other thing of value” that is, at least in part, for the referral activity, a mortgage comparison site will be hit with a prohibited referral fee, the CFPB stated.

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Rising home prices take a toll on pending home sales

Housing Wire

However, borrowers are still maintaining a strong pace, as contract signings are up 20.2% Presented by: Fannie Mae. According to Yun, median home prices are rising “ much too fast ” and that transforming raw land into developable lots and new supply are clearly needed to help tame the home-price growth. compared to a year ago.

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What’s in a Sales Contract? Insights from a Seasoned Appraiser

McKissock

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

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From Forms to Reports: A Look at the UAD Overhaul

Appraisal Buzz

Using the form structure, GSEs have been ingesting these eclectic abbreviations to develop a large database of residential valuation. Appraisers will be presented with the data elements needed to report the characteristics of the subject property, and analyze the market, comparables, and other necessary parts of the appraisal process.

Appraisal 397