Housing Wire

APRIL 14, 2023

The answer is a combination of real estate developers, brokers, investors, agents and property owners — the overwhelming majority of whom are white. Neighborhoods are subject to the choices of developers, municipal governments and other outside groups. Who decides what our neighborhoods look like?

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Real Estate Law Development Business 320

Housing Wire

MARCH 23, 2023

Thursday, March 23 marks the one-year anniversary since the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released its action plan to curb instances of bias in the housing appraisal process. Led by U.S. FHFA, along with HUD, [the U.S. Department of Agriculture (USDA) and the U.S.

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Appraisal Reconsideration of Value Valuation Training 338

Housing Wire

FEBRUARY 24, 2023

I hear these phrases quite often when it comes to product and software development, but I think they apply very well to solving complex problems like transforming the property appraisal process to work better for every stakeholder. And as a bonus, the spec provides a home for digital captures of properties to be included.

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Appraisal Process Appraisal Reconsideration of Value Valuation 303

Boston Appraisal

MARCH 18, 2024

Tax Disputes : Property owners challenging their tax assessments, whether for year property taxes or estate and probate taxes, rely on appraisers. Eminent Domain Cases : When government entities acquire private land for public use, appraisers determine just compensation for property owners.

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Legal Real Estate Appraisal Valuation 148

Appraisal Buzz

AUGUST 1, 2022

As a minimum basis, a real property appraisal report written for the government sponsored entities (GSEs) and agencies are what USPAP (Uniform Standards of Professional Appraisal Practice) refers to as Appraisal Reports. Standard 2 is the specific standard that addresses the reporting of appraisals.

Valuation 360

Valuation Contracts Appraisal Legal 360

McKissock

MARCH 24, 2022

On March 23, 2022, the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE) released a report entitled “Action Plan to Advance Property Appraisal and Valuation Equity.” Define metrics that can help to identify and measure patterns of mis-valuation in the property valuation process.

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Valuation Property Appraisal Training Appraisal 91

McKissock

DECEMBER 3, 2021

During the last several weeks, the task force has held online “listening sessions” to solicit feedback from appraisers, lenders, and other stakeholders in the residential mortgage lending industry.

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Appraisal Process Law Property Appraisal Government 80

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. But democratizing the data they have available would benefit policy development.”

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Appraisal Valuation Inspection Law 292

Housing Wire

NOVEMBER 30, 2021

Additionally, as directed by the Biden administration, the U.S.

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Appraisal Process Modernization Appraisal Valuation 398

The Robert Weiler Company

MARCH 15, 2021

Committed to 20 percent affordable housing options, the River & Rich project is a story of renewal and community rebirth via unique properties for sale. And, it is a major development that the Columbus region should celebrate. However, before you head over there, let’s talk about special purpose property appraisal.

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Appraisal Property Appraisal Real Estate Buyers 158

MN Real Estate Services

JUNE 17, 2019

Minnesota Real Estate Appraisal Services , based in Roseville, Mn offers residential, commercial, industrial and land and development appraisals. They recently shared a press release outlining their real estate appraisal services.

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Real Estate Appraisal Development Property Appraisal 60

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Unlike the government-sponsored enterprises, FHA is bound by congressional appropriations for budget items, and it cannot use revenue from premiums to invest in itself.

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Insurance Modernization Lending Mortgage 332

Housing Wire

JANUARY 20, 2022

The residential real estate appraisal industry is staring at a fork in the road. The latest reminder is a report released Wednesday from the Appraisal Subcommittee , a part of the federal government in charge of monitoring appraiser standards. JPMorgan Chase donated money to the initiative.

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Appraisal Valuation Real Estate Technology 331

Empire Appraisal Group

JANUARY 20, 2022

However, potential savings could be offset by another higher cost: property insurance rates. There’s not a lot of data, so a lot of carriers won’t cover homes with solar,” said Christy Wolfe, sales development manager with Florida Peninsula Insurance and Edison Insurance, to the Insurance Journal.

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Buyers Insurance Agents Legal 78

Realvals

JUNE 18, 2023

By getting an appraisal, you can substantiate your claims and provide evidence to support your position. It’s not uncommon for property owners, insurance companies, or tax authorities to have contrasting opinions on the value of a property. Typically, the government will notify you of their intent to acquire your property.

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Appraisal Property Taxes Real Estate Market Value 145

The Robert Weiler Company

OCTOBER 21, 2022

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? The data is then analyzed and used to develop opinions of value.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Until the last year or two, the wording of this Advisory Opinion seemed sufficient to satisfy any of the needs of appraisers to avoid the appearance of bias in their appraisals.

Appraisal 141

Appraisal Inspection Property Appraisal Law 141

Clear Capital

JUNE 21, 2022

In addition to the Fannie Mae and Freddie Mac focus on appraisal bias, federal banking regulators and the Consumer Financial Protection Bureau (CFPB), all of whom are on the Interagency Task Force on Property Appraisal and Valuation Equity (PAVE), continued their work to examine requirements around AVM development and use.

Valuation 69

Valuation Technology Lending Real Estate 69

Robinson Appraisal Group

NOVEMBER 16, 2018

The Market Conditions Addendum (Form 1004MC) is designed to enhance the transparency of the market trends and conditions conclusions made by the appraiser. The Market Conditions Addendum was required with all one- to four-unit property appraisals performed on or after April 1, 2009.

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Tools Appraisal Lending Inspection 78

Clear Capital

MARCH 4, 2022

The mortgage industry is on its way to modernizing the appraisal process. In early February, Fannie Mae and Freddie Mac, the government-sponsored entities (GSEs), incorporated desktop appraisals into their Selling Guides beginning in March 2022. How to take advantage of desktop appraisals.

Valuation 69

Valuation Appraisal Inspection Appraisal Process 69

The Robert Weiler Company

NOVEMBER 9, 2022

We recommend starting with the infrastructure because this is what often drives commercial property prices. And determine whether the government plans any upgrades in the future; this is a telltale sign of an up-and-coming hot spot. We would love to assist you in finding the perfect property. What does that mean?

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Transportation Real Estate Supply Chain Investing 78

DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Until the last year or two, the wording of this Advisory Opinion seemed sufficient to satisfy any of the needs of appraisers to avoid the appearance of bias in their appraisals.

Appraisal 78

Appraisal Inspection Property Appraisal Law 78

DataMaster

MARCH 17, 2021

This Opinion addresses Fair Housing Laws: Avoiding Bias in Real Property Appraisal and Appraisal Review Development Reporting. Until the last year or two, the wording of this Advisory Opinion seemed sufficient to satisfy any of the needs of appraisers to avoid the appearance of bias in their appraisals.

Appraisal 78

Appraisal Inspection Property Appraisal Law 78

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 Contracts Inspection Real Estate 75

Appraisal Today

MARCH 15, 2024

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. Purchase application volume increased for the week but remains about 11 percent below last year’s level.

Appraisal 69

Appraisal Inspection Modernization Business 69

The Robert Weiler Company

NOVEMBER 9, 2021

The government now even uses drones in property reassessments !) Fortunately, for commercial real estate investors, this means that obtaining unique aerial footage on a property is no longer a huge financial and time-consuming burden. Average cost: $1,299 and up. There are also some objects that are “nice to have.”

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Real Estate Investors Investing Home Improvement 147

Appraisal Today

JUNE 23, 2023

In it, Fannie boldly proclaims that they are “moving away from implying that an appraisal is a default requirement.” Fannie has been upfront about its interest in developing appraisal “alternatives.” The proposed rule’s safeguards are not a panacea, but represent a recognition of the risks posed by algorithmic appraisals.

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Appraisal Real Estate Valuation Contracts 86

PennyMac

JUNE 28, 2022

If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). Property Appraisal Fee. Before you can close, you’ll need to get an official appraisal report for your property. Property Tax. Homeowner Association Fee. Transfer Tax.

Insurance 36

Insurance Property Taxes Sellers Inspection 36