Appraisal Today

MARCH 15, 2024

Unlike the standardized expectations of urban and suburban properties, rural properties often present unique characteristics that require a nuanced approach to valuation. It is not hard to learn the valuation factors. Kiedrowski The most recent statistics show Value Acceptance accounts for up to 40% of all mortgage approvals.

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Appraisal Today

JUNE 16, 2023

NOTE: Please scroll down to read the other topics in this long blog post Non-lender appraisals, ROVs, appraisal business, unusual homes, mortgage origination stats, etc. It also describes the risks of deficient residential real estate valuations, whether through omissions, errors, discrimination or lack of information. percent from 13.2

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Dart Appraisal

APRIL 30, 2021

Once the party or parties have signed the engagement letter or indicated acceptance of an appraisal order, the letter or correspondence to an appraiser serves as a contract. Vacant land, retail, industrial, multi-family, etc. . It is essential to utilize qualified and trained individuals for all valuations.

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Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

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Appraisal Today

OCTOBER 20, 2023

NOTE: Please scroll down to read the other topics in this long blog post Modular Homes Data Plates, ADU income, Pickleball courts and other interesting home improvements, , unusual homes, mortgage origination and more! Some use postal mailings or office visits, such as you did in the mortgage broker days.

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Appraisal Today

JUNE 9, 2023

NOTE: Please scroll down to read the other topics in this long blog post on adapting to changes in appraisal, appraisal volume, unusual homes, mortgage origination stats, etc. == Contemporary Home in the Hamptons (NY) for $27.5M This implies recognizing that valuation is a multifaceted process. Mortgage applications decreased 1.4

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Appraisal Today

AUGUST 5, 2022

Excerpts from the Summary: On August 1, 2022, the Veterans Affairs released Circular 26-22-13 announcing new procedures for alternative valuation methods, effective immediately. My comments : The big push to cut down on appraisal turn times because of the appraisal shortage is Very Old News since mortgage volume has plummeted.

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Appraisal Today

AUGUST 18, 2023

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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Appraisal Today

FEBRUARY 24, 2023

NOTE: Please scroll down to read the other topics in this long blog post – Bias, Cost cutting, slow business, unusual homes, mortgage origination stats, etc. AMCs had taken over the mortgage-lending work. They also fail to note the size of these under-valuations. Or hit the reply button. AEI recent report.

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Appraisal Today

APRIL 14, 2023

NOTE: Please scroll down to read the other topics in this long blog post on liability, appraisal errors, non-lender appraisals, Fannie non-appraisal options, unusual homes, mortgage origination stats, etc. 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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Appraisal Today

FEBRUARY 23, 2024

NOTE: Please scroll down to read the other topics in this long blog post on residential fee appraiser testifies at bias hearing, what happens to Fannie complaints, Why I love real estate appraising, unusual homes, mortgage origination stats, etc. == Concrete Chateau Artisan Rising From a Lake in Miami FL Is Available for $21.8M

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Appraisal Today

NOVEMBER 4, 2022

NOTE: Please scroll down to read the other topics in this long blog post on AMCs, non-lender appraisals, liability, ROVs,unusual homes, mortgage origination stats, etc. ==. Mortgage Lending You decide. Mortgage Borrowers Can Challenge Inaccurate Appraisals Through the Reconsideration of Value Process. Type of report.

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MN Real Estate Services

JUNE 24, 2016

Perhaps due to Brexit, financing costs for mortgages are now at 3 year lows. Mortgage applications up 3% on lowest rates in three years. Total mortgage application volume increased 2.9 The strong home resales added to retail sales data in painting an upbeat picture of the economy. percent, from 3.79 read more at cnbc.com.

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Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = If you started appraising before AMCs took over, such as mortgage brokers, you had to do some marketing.

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Appraisal Today

OCTOBER 28, 2022

Excerpts: …the United States Department of Veteran Affairs (VA), is known throughout the valuation community for respecting the work of appraisers and maintaining reasonable fee schedules. The questions: Fannie Mae and Freddie Mac are making desktop appraisals a permanent fixture in their valuation offerings. Haunted House Appraisals.

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Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? 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.

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Appraisal Today

JUNE 10, 2022

Here we consider how these “frictions” will behave as appraisal demand has dropped, just as each of the five forces have found ways to reduce or “eliminate” the need for valuation expertise. The Inevitable Cyclicality of Mortgage Lending. Breaking Down the Multi-Decade Lows in Mortgage Applications – Lowest in 22 years.

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Appraisal Today

AUGUST 26, 2022

Can I use the cost approach as the primary method of valuation?”. In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Mortgage applications decreased 1.2 Mortgage applications decreased 1.2 Answer: No! To read more, click here.

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Appraisal Today

MARCH 31, 2023

Fannie Mae: Appraisals are no longer the default option: Value Acceptance replaces Appraisal Waiver Fannie Mae updated its Selling Guide on March 1 to include more options for property valuations, saying that they are “moving away from implying that an appraisal is a default requirement.” And that’s the way it is – March 1, 2023.

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The Robert Weiler Company

OCTOBER 21, 2022

So, take a deep breath, read on, and be prepared to gain a deeper insight into this important topic of commercial real estate valuation. If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed.

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Appraisal Today

DECEMBER 2, 2022

which can relate to valuation. NOTE: Please scroll down to read the other topics in this long blog post on George Harrison passed, Appraisal business, marketingunusual homes, mortgage origination stats, etc. He remembered me from Valuation 2000. trillion overall in mortgages in 2023, down 12% from 2022 and down 3.5%

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Appraisal Today

APRIL 7, 2023

NOTE: Please scroll down to read the other topics in this long blog post on ROVs, non-lender appraisals, appraisal business, unusual homes, mortgage origination stats, etc. == Amazing Guitar-Shaped House in Georgia Currently off market. Mortgage applications decreased 4.1 percent from one week earlier Mortgage applications decreased 4.1

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Appraisal Today

FEBRUARY 3, 2023

people who think technology is the golden spoon to accurate valuations. Humor, Zillow, unusual homes, mortgage origination stats, etc. Varies widely around the country. == Mortgage applications decreased 9.0 percent from one week earlier, Mortgage applications decreased 9.0 percent of total applications from 31.9

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Appraisal Today

JULY 8, 2022

Mortgage Bankers Association advocated for the proposal. non-lender appraisals, hurricane with and surge risks, unusual homes, mortgage origination stats, etc. =. By Peter Christensen, Founder of Valuation Legal. Mortgage applications decreased 5.4 Mortgage applications decreased 5.4 Appraisal Institute opposed it.

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Appraisal Today

OCTOBER 7, 2022

The eight percent who cite other valuation methods most often explained that they use a hybrid approach or mostly an exterior appraisal. NOTE: Please scroll down to read the other topics in this long blog post on Fannie Mae, Real estate market, Disbility, Redlining, unusual homes, mortgage origination stats, etc. =. Lot Size: 0.06

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Property Metrics

AUGUST 13, 2020

Macroeconomic risk refers to how broad, national level economic activity impacts property cash flows and valuation. These factors also cause property valuation to increase. These factors all result in lower property valuations. As interest rates increase, so do the monthly mortgage payments. Interest Rate Risk.

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Appraisal Today

NOVEMBER 10, 2022

NOTE: Please scroll down to read the other topics in this long blog post on barndominiums, liability, declining prices, non-lender marketing, Freddie bad appraisal practices, unusual homes, mortgage origination stats, etc. ==. The only appraisers who get sued are those performing appraisals for mortgage lending. Powerball Jackpot.

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The Robert Weiler Company

OCTOBER 15, 2021

retail and restaurant headquarters, but the Columbus, OH real estate and job markets have seen remarkable growth, too. The mortgage payments, utility fees, and maintenance costs are all on your shoulders. As noted within the beginner tips above, the valuation of a property is a fundamental step in commercial real estate investment.

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Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. April 10, 2024) — Mortgage applications increased 0.1 baths, 14,450 sq.ft.,

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Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

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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

AUGUST 25, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M Varies widely around the country. == Mortgage applications decreased 4.2

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Appraisal Today

FEBRUARY 16, 2024

Historical Properties and Their Unique Appraisal Approaches Excerpts: Appraising historical properties involves a complex interplay of factors, making it a specialized field within real estate valuation. Many downtown mixed-use buildings (retail and apartments) are in my city. My comments: MORTGAGE LENDING IS VERY SLOW NOW.

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Houston Properties

JANUARY 13, 2021

Get a free home valuation for your house and trends in your neighborhood. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. In addition, mortgage rates are at an all-time low. Properties are still going under contract.

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Appraisal Today

OCTOBER 6, 2023

unusual homes, mortgage origination FNMA Continued Effort to Get Rid of Appraisers By Jonathan Miller, Sept. Valuation By Comparison by Mark Ratterman, MAI Book Review. In conclusion Mortgage rates persisting above 7% have dampened the housing market, dragging builder sentiment and shifting rent versus buy dynamics.

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Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

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Appraisal Today

DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

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