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What’s driving First American’s big bets on proptech

Housing Wire

First American , the nation’s second-largest title insurance company, has not been shy about its desire to be at the forefront of the title insurance industry’s technology revolution. In the third quarter alone, First American recorded $278 million of gains related to its venture investments.

Insurance 317
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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. Also, an independent appraisal during the loan process locks in the property’s market value at the time the reverse mortgage loan is funded. To learn more about RMF and reverse mortgages visit reversefacts.com/HW. Not tax advice.

Mortgage 391
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50% Rule Imperils Rebuilds in Hurricane-Hit Areas

Empire Appraisal Group

In response, some local governments are seeking workarounds to help homeowners avoid wholesale reconstruction, but because the regulations are designed to prevent future flooding damage, federal officials seem unlikely to relax the rules. In Florida, a homesteaded property’s assessed value can only increase by a maximum of 3% a year.

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5 Rules for Appraising Barndominiums

McKissock

Bottom line: If the home is going to be financed by a lender, insured by FHA, or sold on the secondary market, you must make sure you compile a fair, thorough report to ensure that the lender doesn’t take a loss. These appraisals take more time and effort, therefore you should charge more for them. Dig deep for comparables.

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26 Reasons to Get an Appraisal

Realvals

An appraisal will provide you with the current market value of your real estate. In some cases, if you and your spouse cannot reach an agreement on the value of your shared property, a court may require a professional appraisal. You’ll learn the current market value, and even valuable income info if requested.

Appraisal 145
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Success with Relocation Appraisals: Key Strategies

AmeriMac

Appraisals play a significant role in determining the fair market value of a property and ensuring a successful relocation. Unlike a traditional mortgage appraisal that determines the market value of a property, a relocation appraisal focuses on estimating the sales price through prospective analysis.

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What You Need to Know about Flood Zones

Eppraisal

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.