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AI and Appraisers

Appraisal Today

Almost one-quarter (23%) of respondents overall expect insurance premiums in their area to increase after Hurricane Helene. The near-constant threat of hurricanes, floods, and tornadoes has put homeowners on edge and ratcheted up home insurance premiums. I have expensive, and limited, earthquake insurance. Are values affected?

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How To Appraise Rural Properties

Appraisal Today

Defining rural properties – USDA and GSEs Challenges of appraising rural properties Appraising rural properties presents unique challenges due to their diverse characteristics and market dynamics. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.77

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

We believe that you’ll feel better informed, more confident, and maybe even a little enthusiastic when it is time to schedule a free consultation with a commercial property appraiser. Question 1: What is a commercial real estate appraisal? Question 5: Why are commercial property appraisals important?

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Apps for Appraisers

Appraisal Today

Be sure to put in a comment requesting it. == The Future of Property Appraisal: Unveiling the UAD Redesign and New URAR By: McKissock August 15, 2023 At the recent Valuation Expo conference in Las Vegas, Heather Sullivan (Aloft), Ken Defeo (Fannie Mae), and Sean Murphy (Freddie Mac) provided a peek at some of the upcoming changes.

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What’s Included in Closing Costs?

PennyMac

This fee will cover the attorney preparing and reviewing agreements and contracts. An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. FHA Mortgage Insurance Premium. Homeowners Insurance. Closing Fee. Escrow Deposit.

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Appraiser Liability Risks

Appraisal Today

The proposed rule’s safeguards are not a panacea, but represent a recognition of the risks posed by algorithmic appraisals. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.73 The average contract interest rate for 5/1 ARMs increased to 6.09

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Maintain that Workfile

Appraisal Buzz

Real property appraisers have had quite a bit dumped on them in the past couple of years. The uncertainty, turmoil, and government interest in oversight and intervention caused by allegations of racial and ethnic bias in real property appraisal is cause for concern.

Appraisal 417