Appraisal Today

APRIL 21, 2023

2 Lenders require appraisers to carry E&O insurance because they routinely seek to hold appraisers responsible for loan losses. Despite the fresh coat of paint and a small but modernized kitchen and bath, the home retains many of its original features, including the loft bedroom, where the school’s headmistress once slept.

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Housing Wire

NOVEMBER 22, 2023

In fact, if you were to describe the home buying experience solely upon the things we see in advertisements, the process would end with the sales contract and all parties would merrily proceed directly to the handing over of the keys. It doesn’t lend itself to a 24-hour cycle. There’s an entire industry built upon the “What’s next?”

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Appraisal Today

SEPTEMBER 23, 2022

Insurance companies. House Passes VA Appraisal Modernization Legislation. This legislation is an important first step towards broad modernization of VA appraisal processes and could make veterans’ home purchase offers more viable in today’s competitive housing market. Done for divorce and sometimes for estates.

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Appraisal Today

SEPTEMBER 29, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non-lender appraisals, VA, flood and fires no insurance, retirement, few lender appraisals, unusual homes, mortgage origination $22M Modern Mansion on 130 Acres in Napa Has Its Own Cabernet Vineyard Excerpts: 6 bedrooms, 6.5+ Data before 1971 is minimal.

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Insurance Appraisal Contracts Mortgage 79

Appraisal Today

FEBRUARY 9, 2024

An Inside Look at E&O By Peter Christensen Excerpts: There is no law requiring that real estate appraisers must have professional liability insurance – or E&O insurance as it is often called – except in one state. Common fears are that their insurer will increase their premium or decline to renew their policy.

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Appraisal Contracts Insurance Construction 81

Appraisal Today

FEBRUARY 16, 2024

Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. 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

Appraisal Today

MAY 26, 2023

NOTE: Please scroll down to read the other topics in this long blog post on appraisal “modernization”, bias hearing, bad appraiser, USPAP, unusual homes, mortgage origination stats, etc. == Appraiser pleads guilty in $1.3B Some appraisers feel that lenders should not provide them with the purchase and sale contract.

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Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Lenders want fire insurance for all mortgage loans. Or insurance problems for flooding, hurricanes, or other natural disasters.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

SEPTEMBER 17, 2022

Catskills Modern: ‘Sleeve House’ Highlighted by Charred Wood Exterior. Excerpts: An extremely modern home with an equally dark exterior is now available in Ancram, NY. Many homes were re-zoned a few years ago and needed flood insurance. Earthquake insurance is available but expensive. percent from 5.94 percent from 5.46

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Appraisal Today

NOVEMBER 20, 2022

FNMA indicates that their 2022 lending volume is down 47% from 2021 and is expected to drop by another 50% in 2023. This week I had a long conversation with a local agent about an insurance office converted to a home near where I live. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.93

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Appraisal Real Estate Agent Real Estate Contracts 52

Clear Capital

SEPTEMBER 29, 2021

It’s also, to be clear, somewhat about revolutionizing and modernizing the appraisal process by enabling property data collection to be performed by non-appraisers. ” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon.

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Will Springer Realtor

JULY 13, 2023

Data from the Federal Reserve indicates Goldman Sachs has the highest exposure to commercial loan losses at 16% of its lending total due within the next two years, followed by Morgan Stanley (14%) and Citizens (12%). Another sale followed 11 days later and six others are under contract preparing to close. List: $6.895M ($1556/sq.

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Will Springer Realtor

OCTOBER 11, 2022

While investors of mortgaged securities help dictate their interest rates, the Federal Reserve is behind the scenes influencing the overall lending environment. If you don’t mind seeing the neighbor’s house nearby , there are peek-a-boo Lake Washington views and stunning, modern designs inside and out. higher compared with last year.

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