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Opinion: Title insurance is vital to protecting the American dream

Housing Wire

As someone who spent a career in the title insurance industry – both as a builder of a title business and leader of the industry’s trade group, — I am proud of the role we play in helping to protect what most Americans consider the biggest purchase of their lives. Why is a title search necessary for refinancing?

Insurance 512
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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. George Dell – his usual very interesting comments.

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

Home appraisals are a vital part of the home buying process as they have a big influence on the amount a lending institution will loan the buyer. They are also used to assess the value of the home for home improvement loans and insurance evaluations. Valuation for insurance claims. Any existing easements or zoning issues.

Appraisal 106
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7 Takeaways: Due Diligence Fee and Earnest Money in Real Estate

Raleigh Realty

An appraisal is an important part of the home buying process for the buyer, as lenders will not lend money to you if the appraised value comes back lower than the loan amount. Any existing easements on the property which legally allow another party to use someone else’s property.

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FHA: Cosmetic vs. MPR Repairs

Appraisal Today

The fraud started in 2008, one year after Roberts became a licensed appraiser, according to court documents and statements. In 2007, he started appraising conservation easements, which are specified areas of land earmarked for environmental conservation. Owners with conservation easements can claim an income tax deduction.