Cleveland Appraisal Blog

JUNE 18, 2022

Eminent domain or the power of the government to take private property for a public use without the landowner’s consent is embedded in the Fifth Amendment to the U.S. This is why eminent domain appraisers often work closely with eminent domain attorneys to insure that these important concepts are fully understood and applied properly.

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Appraisal Today

MAY 10, 2024

There is administrative time involved, as well as legal factors. The clarifications were made to long-standing policies in our Guides intended to ensure the borrower has sufficient property insurance coverage in the event of a loss, and the February announcements did not change these policies. First, the burden on borrowers.

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Reconsideration of Value Appraisal Real Estate Insurance 71

D Fritz Appraisals

FEBRUARY 22, 2023

However, refinancing will also incur additional closing costs, such as appraisal fees and legal expenses, which the borrower should consider before making a decision. This can provide access to lower interest rates and extended repayment periods, potentially saving money on mortgage payments.

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Real Estate Investing Appraisal Market Value 124

Eppraisal

JANUARY 23, 2024

    Exploitive Lending and Mortgage Relief There have been 35 mortgage relief scams filed by the Federal Trade Commission in recent years, in which scammers promise to negotiate your rate with mortgage lenders, audit loan paperwork or provide legal services for a fee. Some pretend to be with the government.  Other

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McKissock

JANUARY 6, 2023

Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services. These are just a few salary-paying opportunities for you to consider.

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Appraisal Today

NOVEMBER 24, 2023

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. Click here E&O Insurance Tips Many appraisers are very slow now. Why would you want to?

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Appraisal Mortgage Business Contracts 75

Zillow

JULY 15, 2019

Cash-value policy : A homeowners insurance policy that pays the replacement cost of a home, minus depreciation, should damage occur. This document spells out all the terms of the loan: the amount, the interest rate, the monthly payment, mortgage insurance, the monthly escrow amount and all closing costs.

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Real Estate Agent Insurance Inspection Buyers 56

Quicken Loans

JUNE 7, 2021

You might not think you’ll ever need to understand the basics of power of attorney, which is the act of granting someone else the power to sign legal documents on your behalf. A power of attorney is a form required to grant someone else the power to sign legal documents on your behalf. How Does Power Of Attorney Work?

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Housing Wire

MARCH 14, 2022

As the principal broker for a RE/MAX franchise in coastal Cannon Beach, Oregon, Alaina Giguiere’s typical responsibilities include marketing homes for sellers, touring homes with buyers, generating new business leads, managing client relationships, and drafting and reviewing contracts with buyers and sellers. According to ALTA, in the U.S.,

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Housing Wire

MARCH 7, 2022

Unlike currencies issued by a country’s government, cryptocurrency is digital and has no central administration. The NFT representing ownership of an LLC representing ownership of a house is 100% legally meaningless. A deed transfer often includes the new owner ensuring they are the property holder through title insurance.

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PennyMac

JUNE 28, 2022

This fee will cover the attorney preparing and reviewing agreements and contracts. State laws will usually dictate who is legally responsible for overseeing the closing. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. Homeowners Insurance.

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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. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.73

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Appraisal Real Estate Valuation Contracts 87

Quicken Loans

APRIL 12, 2021

Foreclosure : the legal process in which a lender or mortgage investor takes back unpaid property. Or, if there is an escrow shortage due to a rise in property taxes or insurance premiums, the escrow payment will increase. Government mortgage relief programs. HUD-certified financial counseling. Home loan modification programs.

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Inspection Property Taxes Mortgage Investors 54

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. You can then check with the government department that issued the qualification to confirm it is in good standing.

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Real Estate Appraisal Property Appraisal Valuation 60

Realtor

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. When you buy a home, you “ take title ” to the property and establish legal ownership—a process that’s confirmed by local public land records. A copy of your contract with the seller.

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Housing Wire

OCTOBER 29, 2021

The restrictions were an enforceable contract and an owner who violated them risked forfeiting the property. Kraemer that these covenants were legally unenforceable and violated the Equal Protection Clause of the 14th Amendment. After the ruling, segregationists turned to restrictive neighborhood covenants. In 1948, the U.S.

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Houston Properties

JANUARY 13, 2021

COVID-19 and subsequent government actions have dumped gasoline on wealth inequality in ways that we don’t fully understand yet. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance. This is creating a “tale of two cities” both locally and nationally.

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Housing Market Marketing Real Estate Realtors 68

McKissock

DECEMBER 24, 2021

Government clients. Review assignments for government clients. Consequently, most work for government clients requires the reviewer to have knowledge of and competency with Yellow Book regulations. Other government or federal agencies might ask the reviewer to examine a report’s compliance with a different set of regulations.

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Clients Appraisal Government Law 73

The Robert Weiler Company

APRIL 15, 2022

A more established company might choose a commercial space to lease because the contract offers more security over the long term. A commercial lease is a legally binding contract that details the relationship between a tenant and a landlord. Indemnity and Insurance. What does it mean to rent commercial space? Amendments.

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Miller Samuel

MARCH 19, 2019

The shift in New York State and New York City government sentiment against real estate development began with the following recent events: November: The introduction of the Amazon HQ2 deal in Long Island City. January: The closing of the $238,000,000 Manhattan condo sale in January (2015 contract).

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Appraisal Today

FEBRUARY 16, 2024

Preservation restrictions, often governed by the National Register or local historical commissions, can add value by ensuring the property’s integrity. However, due to the limited funds available through his insurance policy, which only covers $100,000, Mr. Lanham is seeking to raise an additional $50,000 through a GoFundMe campaign.

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Appraisal Contracts Training Architecture 81

Realtor

OCTOBER 29, 2020

You have a specified time period, as stated in the sales contract, during which you have to obtain a loan that will cover the mortgage. When you buy a home, you “ take title ” to the property and establish legal ownership—a process that’s confirmed by local public land records. A copy of your contract with the seller.

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Buyers Inspection Contracts Real Estate Agent 78

Will Springer Realtor

APRIL 10, 2024

However, this poses its own risks, as listing agents are legally obligated to prioritize their contractual relationship with the seller. INSURANCE FOLLOW-UP The top item in last month’s newsletter struck a chord with readers. Insurance companies may argue, however, that the costs are simply increasing along with home values.

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Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

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The Robert Weiler Company

SEPTEMBER 7, 2022

Consider this: Central Ohio homes under contract in June 2021 proved to be the best for the month and a record high for any month, ever! At the 2022 REALTORS® Commercial Economic Issues and Trends Forum, NAR Chief Economist, Dr. Yun, asked local governments to ease land zoning regulations and ordinances.

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Will Springer Realtor

APRIL 6, 2021

Condo bylaws, covenants and other legal documents usually lay out in specific terms who is responsible for what.). Conventional loans on established places like Insignia or Emerald in Seattle are typically insured by government entities or deep-pocketed investors and run 15, 20 or 30 years.

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Will Springer Realtor

JULY 13, 2023

Local government, developers, architects and others will need to step up and take responsibility for the sake of our city. It is lack of labor, land/lots, lumber/materials, lending for builders and land developers and ever-costly legal/regulatory costs,” he said. This is a time for leadership and for action,” Smith said.

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