Housing Wire

FEBRUARY 23, 2022

The Consumer Financial Protection Bureau (CFPB) announced Wednesday that it may propose a rule to regulate the use of automated valuation models (AVMs) by lenders and appraisers. The government watchdog is concerned that automated valuation models may reflect bias in design and function. CFPB Director Rohit Chopra disagrees. “It

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Valuation Law Finance Development 384

Housing Wire

DECEMBER 20, 2021

Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. The recent experience with state distribution of rental assistance and unemployment insurance is perhaps a preview of the challenges ahead. He is afraid of losing his home. Up to the task?

Mortgage 397

Mortgage Government Contracts Insurance 397

The Robert Weiler Company

SEPTEMBER 30, 2020

An appraisal review is a second opinion or added insurance for the transaction to ensure the purchase price history, comps, adjustments, and disclaimers are accurate. A real estate appraisal review is an excellent tool for a recently conducted commercial appraisal, to check if market comps and other property valuations remain the same.

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Real Estate Appraisal Property Appraisal Valuation 137

Appraisal Today

JUNE 23, 2023

Attorney Peter Christensen, general counsel at the Christensen Law Firm in Bozeman, Montana, notes that lawsuits against individual residential appraisers, or small residential AMCs, are fairly rare, and successful suits rarer still. He designed the estate, completed in 2000, from the ground up.

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Raleigh Realty

FEBRUARY 19, 2022

While there are different laws for different states, Fannie Mae has a general list of requirements on their site. Just because the home hasn't been lived in, doesn't mean the valuation couldn't be off. This can be one notable exception to lower the valuation of a newly constructed home. This process is heavily regulated.

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Appraisal Process Appraisal Construction Sellers 139

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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Real Estate Appraisal Property Appraisal Valuation 60

Housing Wire

MARCH 15, 2024

So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? Title firms collecting and making use of advanced analytics and proprietary technologies can provide invaluable insights into housing market trends, property valuations, and risk assessment.

Brokerage 421

Brokerage Real Estate Investors Development 421

Miller Samuel

MARCH 19, 2019

This proposed NYC "pied-a-terre" tax law has a name that infers it concerns " pied-a-terres " when in fact that property type is but one part of the property types that are impacted. This tax directed is specifically at New York City because it is designated for cities in the state with populations of more than 1 million.

Real Estate 370

Real Estate Law Development Investors 370

Realvals

JUNE 18, 2023

Estate Taxes In some cases, local laws may require appraisals for estate tax purposes. As an executor of an estate, your responsibility is to manage and distribute assets according to the deceased’s will or state law. Appraisers provide unbiased valuations that may help reduce any potential conflicts among beneficiaries.

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Appraisal Property Taxes Real Estate Market Value 145

Eppraisal

SEPTEMBER 18, 2021

Many distressed property owners had no flood insurance because they did not live in a designated flood zone. By law, residents of moderate to low risk of flooding are not required to buy flood insurance -- though they may choose to do so. Does Flood Zone Designation Affect Home Value? Now they do.

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Insurance Design Home Value Law 36

Appraisal Today

OCTOBER 13, 2023

And in 1992, this daring design was purchased and transformed into a single-family home, which recently hit the market for $25 million. Fixed costs of appraising MLS, forms software, E&O insurance, auto expenses, state license, CE, association dues, etc., That is the Question!! can add up. What are your total annual fixed costs?

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Appraisal Law Contracts Business 81

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.

Appraisal 81

Appraisal Contracts Insurance Construction 81

The Robert Weiler Company

JULY 6, 2021

Research : Also coined in the industry as “flex,” flex space is utilized for research and development to design new products. Additionally, not all types of industrial space for rent are permissible within an industrial zone; area designation is often specific to the function of the building and dictated by municipal codes and rules.

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Logistics Tenants Real Estate Modernization 147

The Robert Weiler Company

NOVEMBER 10, 2021

That’s because it’s a design most adaptable to various uses and future expansion as business needs evolve. Less Onerous Insurance Policies: While it’s valid that multifamily properties have more to insure, often, these policies are easier to read and manage. Potential regulations for the area based on local zoning laws.

Real Estate 78

Real Estate Retail Investing Tenants 78

Appraisal Today

JUNE 2, 2023

Federal law, FNMA/FHLMC guidelines and USPAP all point to a solution. Offer more valuation products (11%) Upgrade your license so that you can appraise more property types (8%) Market yourself as an expert in a specific niche (9%) “I made it through the last recession by offering my expertise for insurance appraisals in mobile home parks.

Appraisal 52

Appraisal Contracts Real Estate Agent Sellers 52

Housing Wire

FEBRUARY 7, 2022

Independent mortgage banks have been “completely blindsided” by the increase in enforcement activity, said Daniella Casseres, who leads the mortgage regulatory practice group at law firm Mitchell Sander. For a borrower with tarnished credit and thus unable to get conventional financing, an FHA-insured mortgage is the go-to choice.

Insurance 370

Insurance Modernization Lending Mortgage 370