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USPAP Myths for Appraisers

Appraisal Today

I suppose it is because most appraisals are done (now) for residential lending purposes. Spend hours writing volumes of supporting documentation to justify the market value of a property you already decided on when you pulled into the driveway. The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.26

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

The Robert Weiler Company

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. The commercial real estate appraiser’s role is to produce an accurate, reliable, and unbiased estimate of the market value of a property.

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Appraising Fixer Uppers

Appraisal Today

For many different reasons, properties can come on the market in less-than-par condition. At some point it’s no longer “normal market value minus cost to cure equals as-is value.” If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication.

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NAR Appraisal Survey 2022

Appraisal Today

If it had a market value of $345k, it would have listed at $345k!”. Excerpts: Lakeland engaged in a pattern or practice of lending discrimination by “redlining” in the Newark metropolitan area. from 1.15 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. The agreement with N.J.

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NAR Appraiser Survey July, 2023

Appraisal Today

This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc.

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Big non-agency players prepare for a blockchain future

Housing Wire

million in crypto-loan value across 35 homes that have a total market value of some $44 million. And then further on down the line, open it up to other retail investors, but that depends on the regulations in place.”. That share, via Po int’s home equity investment contracts (HEIs), is typically around 10 percent or so.

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Desktop Appraisals: Who, When, and Why

Appraisal Today

Home equity lines of credit (HELOCs): When homeowners apply for HELOCs, lenders may request desktop appraisals to ascertain the property’s value and determine the credit limit without requiring a full appraisal. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values.